One of the most turbulent years for cryptocurrencies to date, 2022 has seen a number of controlled and decentralized businesses disappear or reach their end. It seems as though an emerging ecosystem is going through its final turbulence, driving out poor behavior in a dramatic but ultimately maturing process. Users frequently mention crypto initiatives, however when those ideas are investigated, they fall short of expectations.
In contrast, IslamicCoin offers a number of advantages that might be of interest to you:
IslamicCoin cannot be randomly produced, which would reduce its value. A central bank rate increase will not result in artificial deflation because the price of money is set completely by the market and is therefore always fair.
IslamicCoin is automatically created at a predetermined publicized rate and distributed to validators and delegators who actively support the operation and security of the Haqq network.
IslamicCoin is not run by banks, whose primary job is to make money by charging interest, as is the case with fiduciary money. The practice of charging interest is prohibited since it causes riba.
In order to further invest in Islamic internet initiatives or donate to Islamic charity, 10% of each new IslamicCoin's issued amount is placed into a unique Evergreen Fund. This is the first time a coin that directly benefits a community's economy has been introduced.
A nonprofit virtual foundation, The Evergreen Fund, is concerned with long-term sustainability and social impact. It functions practically as a crypto endowment. The consensus of the Haqq blockchain's validators determines important decisions.
