The year 2022 ce with a lot of instability in the entire crypto market with some altcoins such as Solana losing their value by almost 70%. Even the worth of BTC and ETH also dropped drastically living many people confused and lost huge funds to this market instability (Bear market as it is called).
As a new trader I would like to know from our experts, the altcoins with good potentials in this 2023.
I will like to tell you about this new altcoin called Islamic Coin. Islamic Coin, the Shariah-compliant, ethics-first digital money that has made headlines around the world has announced an official launch on centralized and decentralized exchanges on 1 September 2023. The total supply of ISLM coins is fixed at 100 billion, with only 20% entering circulation at project launch. The remaining ISLM coins will gradually be released into circulation over 100 years.
ISLM is used for gas fees in Haqq network interactions. Validators mint a new ISLM coin each time they verify transactions using the network’s Proof-of-Stake (PoS) consensus mechanism. These newly minted coins serve as rewards for validators and delegators.