Quote from: Mokemokk on March 24, 2024, 05:42:39 AM

IslamCoin Project

1. **Sharia Compliance:** IslamCoin is a digital currency built on the principles of Islamic finance, avoiding any form of riba (interest).

2. **Justice and Transparency:** Utilizing blockchain technology ensures fairness and transparency, allowing users to monitor all financial transactions transparently.

3. **Environmental Sustainability:** IslamCoin employs energy-efficient blockchain techniques, reducing its environmental impact and making it a sustainable option.

4. **Donations and Zakat:** IslamCoin facilitates receiving donations and zakat through the designated wallet address "TCe1raXGoLREFLEtSc3Hwkf9mxfU95rHmN," ensuring transparency and reliability in the use of these funds.

5. **Independence:** IslamCoin is designed to be entirely independent of any other currency, making it a standalone and freely developable option.

IslamCoin aims to provide an innovative financial solution that aligns with Islamic values, intending to promote Sharia principles in the digital finance world.

I'm not very comfortable with altcoins that use religious names. It feels like they're using religion to attract investors, and that doesn't sit well with me. Religion is sacred, and its name shouldn't be used casually for business purposes.

I think a better approach would be to use a unique name but use the religious principles the altcoin is based on. However, the explanation should be clear enough for the general public to understand.

Speaking of which, I found two altcoins named IslamCoin: Islamic Coin (ISLM) and Islamicoin (ISLAMI). These similar names are confusing, and neither seems to have a strong price or trading volume.

However, ISLM's roadmap for Q2 2024 does have some interesting aspects. These include launching a gold-pegged stablecoin with the collaboration of top UAE banks and enabling borderless e-commerce in several countries.