Posted By Tristan Valehart On 8 Nov 2024 Comments (20)
ISLM Tokenomics Calculator
- Total Supply Cap 100 billion
- Evergreen DAO Allocation 10%
- Business Reserve 5.48 billion
- Founders & Advisors 8.47 billion
TL;DR
- ISLM is a halal digital token built on the HAQQ blockchain for the global Muslim community.
- It follows Shariah rules: no interest, no speculation, no prohibited businesses.
- Supply is capped at 100billion tokens; 10% of minted tokens fund the Evergreen DAO.
- Proof‑of‑Ownership consensus makes it energy‑efficient and aligns with Islamic stewardship.
- Use cases include zakat payments, cheap remittances, and ethical treasury‑building.
ISLM is a Shariah‑compliant cryptocurrency that serves as the native token of the HAQQ blockchain network. It was created to give Muslims a halal alternative to mainstream digital assets while preserving the core values of Islamic finance.
Why ISLM Exists: The Market Gap
Millions of Muslims have avoided crypto because traditional tokens often involve interest (riba) or fund activities prohibited by Islamic law (haram). This exclusion creates a sizable demand for a crypto that respects the faith. ISLM fills that void by integrating modern blockchain tech with Islamic jurisprudence, allowing believers to tap into digital finance without compromising their religious obligations.
The HAQQ Blockchain Backbone
HAQQ blockchain is the Layer‑1 network that powers ISLM. It was built as an ethics‑first platform, focusing on transparency, sustainability, and community governance. HAQQ’s architecture supports fast finality and low fees, which are crucial for everyday transactions like zakat or remittance.
Core Technical Pillars
- Proof‑of‑Ownership consensus - Proof‑of‑Ownership is an energy‑efficient mechanism where validators prove they own a certain amount of ISLM to secure the chain. This aligns with the Islamic principle of stewardship (khilafah) over resources.
- Staking allows token holders to lock up their ISLM and participate in Authority mining, earning rewards while supporting network security.
- Validators and delegators share the remaining 90% of minted tokens, creating a sustainable incentive model.
Tokenomics in Plain English
The total supply caps at 100billion ISLM, ensuring scarcity. The initial 20billion were allocated as follows:
- Business Reserve - 5.48billion (including a 1billion future‑incentive pool)
- Evergreen DAO - 2billion for charitable projects
- Private Sale Buyers - 2.93billion
- Reserved Private Sale - 7billion
- Founders & Advisors - 8.47billion
Every time new tokens are minted, 10% automatically flow into the Evergreen DAO, a decentralized charitable fund governed by HAQQ miners. This built‑in zakat mechanism guarantees continual support for community projects.
Shariah Compliance: What It Means
ISLM adheres to three core prohibitions:
- Riba - no interest‑bearing contracts.
- Gharar - no excessive uncertainty; all smart contracts are transparent and auditable.
- Harām - no funding of gambling, alcohol, pork, or weapons.
These rules are enforced by a dedicated Shariah advisory board that audits code updates and token distributions.
Real‑World Use Cases
ISLM’s design targets everyday financial needs of Muslims worldwide:
- Zakat payments can be automated, with 2.5% of wealth directly transferred to approved charitable addresses.
- Cross‑border remittances for migrant workers cost a fraction of traditional banking fees.
- Community merchants can accept ISLM, promoting an ethically aligned local economy.
- Individuals use ISLM as a store of value, avoiding inflation in unstable fiat currencies.
How ISLM Stacks Up Against Traditional Crypto
| Feature | ISLM | Bitcoin |
|---|---|---|
| Compliance | Shariah‑certified | None |
| Consensus | Proof‑of‑Ownership (energy‑efficient) | Proof‑of‑Work (high energy use) |
| Supply Cap | 100billion tokens | 21million BTC |
| Transaction Fees | ~0.001USD (average) | ~2‑5USD (average) |
| Charitable Allocation | 10% of minted tokens to Evergreen DAO | None |
Getting Started with ISLM
- Set up a compatible wallet (e.g., HAQQ‑Safe or any HAQQ‑compatible wallet) that supports staking.
- Buy ISLM on a listed exchange - check the latest price (≈ $0.0196 USD as of Oct2025) and 24‑hour volume (~$173k USD).
- Transfer the tokens to your wallet. Verify the address using the built‑in checksum to avoid errors.
- If you wish to earn rewards, stake your ISLM by delegating to a trusted validator. The staking UI will show expected annual yield (typically 5‑7% after DAO allocation).
- Use the built‑in zakat calculator to automatically allocate 2.5% of your holdings to verified charitable projects via the Evergreen DAO.
Potential Risks and How to Mitigate Them
Like any crypto, ISLM carries market volatility. Its price can swing with broader sentiment toward halal finance. To lower risk:
- Diversify across other compliant assets such as sukuk tokens.
- Keep only a portion of your wealth in ISLM; treat it as a growth‑oriented portion.
- Stay updated on Shariah board rulings - changes in interpretation could affect token utility.
- Use hardware wallets for long‑term holdings to protect against hacks.
Future Roadmap and Community Involvement
The development team plans to roll out:
- Dedicated dApps for mosque donation drives, powered by smart contracts that auto‑distribute zakat.
- Interoperability bridges to other Islamic finance platforms, expanding liquidity.
- Enhanced analytics dashboards for Ethereum‑compatible explorers, making it easier for auditors to verify compliance.
Community members can join the Evergreen DAO by staking, propose new charitable initiatives, and vote on fund allocation. This democratic model ensures that the ecosystem evolves according to real community needs.
Frequently Asked Questions
Is ISLM truly halal?
Yes. ISLM has been audited and certified by a recognized Shariah advisory board. The token’s design excludes riba, gharar, and haram activities, and 10% of minted tokens are automatically directed to the Evergreen DAO for charitable purposes.
How does staking work on HAQQ?
Staking involves locking ISLM in a wallet that supports Authority mining. Validators prove ownership of the staked amount to secure the network and earn rewards. The rewards are split: 10% goes to the Evergreen DAO, the rest is shared among validators and delegators.
Can I use ISLM for daily purchases?
Increasingly yes. A growing number of halal merchants accept ISLM through QR‑code payments. The low transaction fee makes it practical for everyday spending, especially in regions with limited banking infrastructure.
What is the role of the Evergreen DAO?
The Evergreen DAO is an independent, community‑governed fund that receives a fixed 10% of every token mint. It finances charitable projects, mosque tech upgrades, and education initiatives across the Muslim world. DAO members are HAQQ miners who vote on proposals.
How does ISLM handle zakat calculation?
The wallet interface includes a zakat calculator that automatically computes the 2.5% liability based on your holdings and suggests eligible charitable addresses within the Evergreen DAO ecosystem.
Rahul Dixit
November 8, 2024 AT 03:50Ever wonder why every new sharia‑compliant token seems to pop up just as the mainstream crypto market crashes? It's like a hidden hand is pulling the strings, feeding us promises of halal returns while the real puppeteers hide in the shadows. The ISLM token is just another pawn in that grand scheme. They dress it up in religious veneer, but the underlying mechanics are identical to any other speculative asset. Stay wary, because blind faith can be weaponized.
Michael Ross
November 11, 2024 AT 04:03It's important to keep a balanced view when looking at any new cryptocurrency, especially one that claims religious compliance. While the tokenomics are interesting, investors should still do their own due diligence and consider the broader market context.
Deepak Chauhan
November 14, 2024 AT 04:17In the grand tapestry of financial innovation, the ISLM coin attempts to weave religiosity with blockchain technology. One might argue that this synthesis reflects humanity's eternal quest for ethical wealth accumulation. Yet, the underlying smart contracts remain bound by code, indifferent to creed. 🧐
Aman Wasade
November 17, 2024 AT 04:30Oh sure, because the only thing missing from the crypto universe was a halal badge-just what we needed to finally solve all financial woes.
Ron Hunsberger
November 20, 2024 AT 04:43Great insight on staking rewards.
Lana Idalia
November 23, 2024 AT 04:57Honestly, anyone who thinks a token can be truly sharia‑compliant without rigorous scholarly review is missing the point entirely; the devil is in the details that most marketers ignore.
Nilesh Parghi
November 26, 2024 AT 05:10From a philosophical standpoint, integrating religious principles into a digital asset raises fascinating questions about the nature of value and trust. If the community embraces it, perhaps that's a step toward aligning finance with moral frameworks.
C Brown
November 29, 2024 AT 05:23Wow, another "ethical" crypto-just what the world needed after Bitcoin's wild ride. I can almost hear the angels singing about zero volatility and instant salvation. Spoiler: it’s still a gamble.
Raphael Tomasetti
December 2, 2024 AT 05:37ISLM leverages tokenomics with a fixed supply and staking APR, aiming for compliance layers within regulatory fintech frameworks.
Jenny Simpson
December 5, 2024 AT 05:50While you mock the concept, remember that many believers actually seek assets aligning with their values; dismissing it outright ignores a genuine market segment.
Sabrina Qureshi
December 8, 2024 AT 06:03Seriously!!! The hype around ISLM is just another façade!!!
CJ Williams
December 11, 2024 AT 06:17Yo! I get the vibes-this token could be a cool experiment!! But don’t forget to read the fine print!! 😂👍
mukund gakhreja
December 14, 2024 AT 06:30Sure lets all trust a token because it has a badge
Henry Mitchell IV
December 17, 2024 AT 06:43Haha, easy to say but karma's a thing :)
Kamva Ndamase
December 20, 2024 AT 06:57Imagine a world where finance dances to the rhythm of faith, splashing vibrant hues across the blockchain canvas-ISLM tries to paint that picture, bold and unapologetic.
WILMAR MURIEL
December 23, 2024 AT 07:10When we examine the emergence of sharia‑compliant cryptocurrencies, it becomes clear that this is more than just a marketing gimmick; it represents a convergence of centuries‑old ethical frameworks with cutting‑edge digital finance. First, the concept of halal investing has always required rigorous scrutiny of underlying assets, ensuring they are free from interest (riba), gambling (maysir), and uncertainty (gharar). Translating these principles onto a token like ISLM necessitates transparent tokenomics, clear use‑case definitions, and, perhaps most importantly, community governance that respects religious edicts. Second, the token's fixed supply of 100 billion units mirrors the scarcity narrative popularized by Bitcoin, but the allocation percentages-such as the 10 % Evergreen DAO and the 5.48 billion business reserve-raise questions about concentration of power and potential conflicts of interest. Third, staking rewards, advertised as a percentage return, must be evaluated against the backdrop of Islamic finance, which generally discourages guaranteed returns without underlying productive activity. Moreover, users often overlook the legal ramifications in jurisdictions where cryptocurrency regulation intersects with religious law, potentially exposing themselves to both financial and doctrinal risk. Fourth, the blockchain's immutable ledger offers an unprecedented level of auditability, which could satisfy scholars seeking evidence of compliance, yet the opacity of smart contract code can still hide loopholes. Fifth, community education plays a pivotal role; without widespread understanding of both cryptographic principles and sharia jurisprudence, the promise of ethical investing may remain a hollow slogan. Sixth, the broader market response to such tokens can influence their liquidity, impacting whether they become viable investment vessels or remain niche curiosities. Finally, as the space evolves, continuous dialogue between technologists, religious authorities, and investors will determine whether projects like ISLM can truly embody a synthesis of faith and finance, or whether they will simply fade like many speculative tokens before them. In short, the journey is complex, and participants must navigate it with both curiosity and caution.
jit salcedo
December 26, 2024 AT 07:23The truth is, every time a "compliant" token drops, powerful interests engineer the market to keep us in the dark, while they siphon off the gains.
Joyce Welu Johnson
December 29, 2024 AT 07:37For anyone considering ISLM, a practical step is to compare its staking APR with traditional halal investment returns, ensuring the risk‑reward profile aligns with personal financial goals.
Ally Woods
January 1, 2025 AT 07:50Looks kinda slick, but I'm not convinced it's any different from the usual crypto hype.
Kristen Rws
January 4, 2025 AT 08:03Go for it if it feels right-just double‑check the numbers and you’ll be good!!