The Islamic Coin is a blockchain-based cryptocurrency project that is aiming to become the first digital currency that is both Sharia compliant and halal. The Islamic Coin team has recently announced a new public offering (IPO) of tokens as part of its efforts to raise capital.
The ICO is part of the Islamic Coin project’s strategy to raise capital and expand its digital currency usage base. Through the ICO, the team aims to raise 100 million IslamicCoin tokens (ISL) to be used for development, marketing and operational costs. The ISL tokens will be exchangeable for other cryptocurrencies, such as Bitcoin and Ether.
The goal of the IslamicCoin project is to create a digital currency that follows Islamic finance rules. To do this, the project has developed an innovative consensus mechanism known as Ayat, which combines principles of Islamic finance and blockchain technology. Ayat is designed to ensure that all transactions conducted through the IslamicCoin blockchain are in accordance with Islamic law.
The IslamicCoin ICO is a highly anticipated event, as it could be a major milestone for the digital currency industry. Investors can participate in the ICO through the IslamicCoin website or through the designated exchanges that are supported by IslamicCoin. The ICO is scheduled to run until September 8th, 2018.
Overall, the IslamicCoin ICO could be a great opportunity for investors who want to back the development of a blockchain project that follows Islamic finance principles. However, it’s important to remember that all investments are subject to risk, and potential investors should make sure to do their own research before participating in the ICO.