About:

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Islamic digital finance system is first of its kind in Decentralized Economy that is truly interest free financial solution for everyone. It made for the discouragement of interest based investments and will make truly interest free decentralized economy.

Islamic Digital Finance is based on core concepts of balance, which help ensure that the motives and objectives driving the finance industry are beneficial to society. in an interest based transaction, the owner of the wealth gets return without making any effort, and the borrower carries all the risk.

Islamic Digital finance products will be based on specific types of contracts. These contracts will support productive economic activities without betraying key principles.

Benefits:

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1: The ERC-20 tokens which anybody is holding and not borrowing, lending, Staking, Farming or not putting in other kind of interest based system and just holding in his/hers wallet will generate income.

2: When more and more people will starts tokens in their wallets demand will increase in the market and holding their ERC20 supply will decrease and price of Tokens will multiply.

3: Holders of IDF will be saved from scammed projects who adds 100 % of their tokens with ETH on Decentralized Exchanges and then removes both ETH and their Tokens after some Tokens they managed to sell.

4: Most importantly holders of IDF will have peace of mind with their investment because company will buy back IDF at the market rate available on coinmarketcap.com and coingecko.com on 1st of every month.

How it will work:

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Anybody holds 100 USD worth of any ERC-20 Token including Ethereum and 100 USD worth of IDF for 1 complete week from UTC 00:01 Monday to UTC 00:59 Sunday will receive 2 IDF in his/hers ETH wallet.

Price data of ERC-20 Tokens for the purpose of distribution of IDF will be taken from coimarketcap.com and coingecko.com on Sunday every week.

Initial price of 1 IDF will be 5 USD until it listed on coinmaketcap.com or coingecko.com. after listing IDF price data will also be collected from coin marketcap.com and coingecko.com.

2 IDF will be distributed every week to every wallet who holds the 100 USD worth of IDF and any ERC-20 no matter how high price will reach. As an example if ever 1 IDF reached to 10000 USD the holder of 0.01 IDF = 100 USD and 100 USD any ERC-20 will be eligible for the same distribution amount which is 2 IDF per week.

If anybody holds 10000 USD worth of any ERC-20 and 10000 USD worth of IDF will get 200 IDF in their ETH wallets.

Initial supply of IDF is 24000 more IDF will be minted as and if the demand increased.

the total supply of IDF is 2.4 Million. 90 % 2160000 distributed amongs the public remaining 10 % 240000 will be distributed to the Team.

Tokenomics:

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Total supply: 2400000
Initially minted: 24000

24000 IDF will be minted on every Sunday till the supply reached to 90 %.

Holders of IDF and ERC-20 will get their rewards from the same on every Monday remaining will be available on Islamicdigital.finance.

Out of 24000 IDF minted on every week 140 IDF will be reserved for supply of 20 IDF daily on Uniswap just for the purpose of fulfilling the requirement for listing on coingecko.com and coinmarketcap.com

A buy back event will happen on the 1st of every month IDF as a company will buy IDF back using 200 ETH from Company’s Account from holders at the market rate available on coinmarketcap.com and coingecko.com.

Rules for IDF (As a Company) :

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IDF will never be listed on any conventional exchange.

Although anyone can use decentralized exchange for trading of IDF but Only 20 IDF per day will be supplied to uniswap by the company. So, adding and removing liquidity and price of IDF will completely remain in the hands of Public.
Etherscan will be used by the company to check the balances of IDF holders for the distribution purpose.

Rules for public:

Do not use IDF on any gambling betting farming or staking website. any account found involved in these activities will be blacklisted for distribution of IDF and also buying IDF through company’s website islamicdigital.finance.

Adding liquidity of IDF on Uniswap or any other dex for a single minute in complete week will remove your account from distribution on that week.

Exchanging of IDF on uniswap or any other dex will remove your account from that week’s distribution of IDF.

Every account needs to hold minimum 100 USD worth of IDF and 100 USD worth of any other ERC-20 for complete week to be eligible for 2 IDF at least.

Official Addresses of the company:

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Website: islamicdigital.finance

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Official ETH wallet address: Contract Deployment: Buy back, selling and distribution all the company’s official IDF related transactions will happen from this address: 0xc67ffc0e4c8faf08a311d43eb1b732a470c4b28e

IDF Contract Address: https://etherscan.io/address/0xfd3e7ccd8071a119c2393aec075bb1f5dcd54ee1

Official Twitter: https://twitter.com/FinanceIDF
Official discord: https://discord.gg/TUXYqa3
Official Medium: https://medium.com/@islamicdigital.finance
Official Telegram: https://t.me/IDFfinance