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Islamic Coin KeyPoints :
Islamic Coin is a digital currency that follows the principles of Islamic finance. It was created to positively impact a large community by providing social and economic benefits, supporting innovation, and promoting sustainable growth through the Evergreen DAO. Following is the Islamic Coin KeyPoints :
Islamic Coin KeyPoints – Prohibition of Paying or Charging Interest:
Most cryptocurrencies violate the principle of Islamic financial law, which prohibits the payment or charging of interest. However, Islamic Coin has been designed to comply with this principle by prohibiting the payment or charging of interest within the system. This adherence to Shariah law makes Islamic Coins unique among digital currencies.
Islamic Coin KeyPoints – Fairness and Transparency:
Islamic Coin has a fair and transparent pricing system, and the absence of interest rates prevents arbitrary deflation caused by Central Bank interest rate increases. However, Only those who contribute work and investment can mint Islamic Coins, promoting community involvement and ensuring system stability and security.
Islamic Coin KeyPoints – Social and Economic Benefits:
Islamic Coin offers social and economic benefits to users, providing accessibility to all individuals, regardless of financial status or location. It enables online purchases, remittances, and peer-to-peer transactions. The currency also supports small businesses, entrepreneurs, and startups by providing financing opportunities.
Islamic Coin KeyPoints – Support for Innovation:
Islamic Coin supports innovation by providing an open and decentralized platform for developers to build on. The digital currency’s dedicated Evergreen DAO ensures that the platform is constantly updated and improved. The Evergreen DAO also ensures that the platform remains secure, stable, and scalable.
Islamic Coin KeyPoints – Sustainable Growth:
Islamic Coin prioritizes sustainable, long-term growth by following the principles of Islamic finance. Furthermore, this ensures that there is no arbitrary inflation or deflation, contributing to a stable and predictable financial ecosystem.
Conclusion:
Islamic Coin is a digital currency that follows the principles of Islamic finance. Although, the market solely determines the value of the Islamic Coin, making it a transparent and fair digital currency. Moreover, everyone can access Islamic Coin, and it provides benefits for individuals, small businesses, and developers alike. However, the currency is also safe and secure, providing a platform for innovation and ensuring sustainable, long-term growth.
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