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Islamic Coin (ISLM) is a Shariah-compliant digital currency designed to serve the global Muslim community by providing a halal financial instrument that aligns with Islamic principles. Built on the HAQQ blockchain, which is based on the Cosmos SDK, ISLM ensures that all operations adhere to Islamic finance laws, avoiding interest (riba), excessive uncertainty (gharar), and gambling (maysir). The coin's ecosystem includes various projects such as the HAQQ Wallet, Shell dApp, Evergreen DAO, Shariah Oracle, and Vesting dApp, all aimed at promoting ethical finance, community governance, and social welfare. ISLM tokens are used for paying transaction fees, participating in governance, staking, and facilitating charitable contributions through the Evergreen DAO. The reward system incentivizes validators and delegators who maintain the network's security and integrity. With a total supply capped at 100 billion tokens and a deflationary mechanism reducing emissions by 5% every two years, Islamic Coin aims to provide a sustainable and ethical financial solution for Muslims worldwide.
Delegated Proof of Stake (DPoS)