TOKENOMICS OF ISLAMIC COIN AND HOW IT CAN BE USED.

Tokenomics has been a huge topic in DeFi and it cuts across all the projects built on different blockchains.

Tokenomics is the science of determining and evaluating the economic properties of cryptographic tokens. The purpose of the analysis is to better understand how different incentives affect the supply and demand of the token and, ultimately, its price. Tokenomics is an unsung hero among successful investors in that a solid understanding of alternative design mechanisms and the resulting economic incentives (or disincentives) can help gauge the potential ability to accumulate value for a given token. In this study, we explore the supply and demand dynamics of Islamic tokens, as well as many use cases for tokens.

The Islamic currency, launched in 2022 by co-founders Hussein Al Meeza, Mohammed Alkaff Alhashmi, Andrey Kuznetsov, and Alex Malkov, represents a new digital currency independent of central banks, ethically traditional but ready for the digital age.

The idea behind the ISLM coin is to give Muslims around the world a tool through which they can participate in the digital economy. Described as a Halal property, the Islamic Coin is said to be Sharia-compliant.

Shariah compliance is an important customer need and regulatory requirement in some Muslim markets.

ISLAMIC COIN AND ITS TOKENOMICS

The native currency of the Haqq network is ISLM. It is used for payments, administration, payment of transaction fees, and staking.

Staking is the process of locking ISLM coins by linking them to a validator. Haqq network maintenance validator. By linking the coins, ISLM holders delegate voting to validators and become delegators, which allows them to earn rewards and participate in governance. The $ISLM supply is capped at 100 billion coins. Every 2 years, $ISLM emissions decrease by 5%. The program ends 100 years after the first block of the first era.

DISTRIBUTION $ISLM

The initial offering of 20 billion tokens will be minted in a root block and will be distributed on the day of the network launch with the structures below;

1) 2 billion — Evergreen Fund

2) 5.5 billion — partners: board, original sponsor, promoter, and market maker.

3) 4 billion — first private sale.

4) 5.5 billion — Business reserve fund and ecosystem development.

5) 3 billion — founders' compensation.

REDEMPTION

Founders Award

At the launch of the network, the Founders Bonus grant minus 0.01 ISLM will be deposited into the Vesting Smart contract. After launch, 0.01 ISLM deducted from Founders Reward will be used to cover transaction distribution fees.

Smart Contract Trading will transfer 1/24 of the deposit immediately upon deposit formation, the rest can be withdrawn in 1/24 increments every 30 days.

Private sales and partner allocation

The initial private sale and partner allocation will not be locked at the launch of the network as they will be distributed among private buyers and selling partners during the first few weeks after the network launch. However, each buyer and partner will still receive their funds according to the repurchase schedule that applies to the founder.

I conclude that by taking a closer look at token economics, it is clear that supply and demand play an important role in creating a sustainable token economy.

Good token design such as Islamic token design is important in creating an environment in which allocation and issuance are managed sustainably, fostering long-term growth rather than profit. short-term benefit.

You can find more information on our site;

https://islamiccoin.net/

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