With the vision: Synthesis of ideology, Technology, and Community First Ever Islamic Coin about to lau
nch in Haqq Network. In 2020 the volume of the Islamic financial sector was 2.88 Trillion Dollars & the Expected growth will be 3.69 Trillion Dollars within 2024 according to the Global Islamic Economy Report 2020. The rapidly growing Muslim population, the spread of digital technologies, and mobile communications are the major particulars of the increasing growth of the Islamic Economy.
The prohibition of paying or charging interest is the Core principle of Islamic financial law. The modern financial system is not following the core principle of Islamic financial law. On the other hand, Islamic Law guides more than 2 Billion Muslim Ummah across 47 countries. For Financial interaction, Islam has very strict guidelines. As result, the Muslim ummah has to follow.
The Islamic financial system has been virtually untouched by the recent financial crisis due to its prohibitions on speculative transactions and uncertainty, as well as the attention it pays to fairness and risk-sharing. Islamic finance is a rare example, where the system featuring certain limitations and restrictions is more sustainable and powerful, compared to the system where such limitations are not present.
That's why this is the begging of Haqq Network.
HAQQ stands for Truth. Haqq Blockchain network is compatible with the existing Ethereum & Cosmos Blockchain and builds on Proof of Stake technologies & also meets the requirement of modern crypto.
Haqq’s purpose is to serve the international Muslim community by providing a financial and technological tool that allows for independent financial interaction while supporting technological evolution and philanthropy.
The Team of Haqq Network:
- Andrey Kuznetsov (Co-Founder)
- Alex Malkov (Co-Founder)
- Mohammed AlKaff AlHashmi (Co-Founder, Member of the Executive Board)
- Hussein Mohammed Al Meeza (Co-Founder, Member of the Executive Board)
The Future of Islamic Coin:
ISLM is the Native coin of Haqq Network. It is used for payments, governance, paying transaction fees, and staking.
ISLM supply is limited to 100 billion coins. Every Era, which is 2 years, ISLM’s emission rate is reduced by 5%.
The emission will stop in 100 years from the first block of the first Era. During the first Era, 4.33% of coins will be minted, followed by 4.12%, with the 9th Era seeing 2.87%. More than 50%
of the total supply will be minted from Mainnet launch by the end of the 9th Era, including initial supply. 100% (100
billion ISLM) will be minted at the end of the 50th Era, no more ISLM will be minted after that.
Initial supply: 20 billion. It will be minted in a genesis block and will be distributed on the day of the network launch with
the following structure:
2 billion – Evergreen Foundation – according to Century Coinomics
5.5 billion Partner: board, initial supporter, promoter, and market maker.
4 billion – Initial Private Sale. The coin will be old to qualified private investors.
5.5 billion – Business reserve and ecosystem development find. The coin will be used for public distribution, operational cost, business development, grant, and other ecosystem-focused activities.
3 billion – Founder Reward.
Coins dedicated to the Evergreen DAO will be locked until it is fully developed, tested, and deployed on Mainnet.
Add Haqq Network to your Metamask Wallet:
Network Name: Haqq Network
New RPC URL: https://rpc.eth.haqq.network
Chain ID:11235
Currency Symbol: ISLM
Block Explorer URL:https://explorer.haqq.network
Without any doubt, Haqq network and ISLM Token going to be the next generation of Digital currency for Muslims as well as people of other religions.
Find more information about ISLM Token & Haqq Network at: https://islamiccoin.net/
Whitepaper: https://islamiccoin.net/docs/whitepaper.pdf
