coin: News of Wrapped Islamic Coin (WISLM) - July 2024 Price Update - 21% Breakout Crypto News and Analysis

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Wrapped Islamic Coin (WISLAM) treads carefully in the intersection of cryptocurrency and Islamic finance. Here's a breakdown of its essence: Essence: WISLAM is a wrapped token, meaning it represents another cryptocurrency (likely a Sharia-compliant one) on a different blockchain. This allows users to hold and trade the underlying asset while benefiting from the features of the new blockchain (possibly faster transactions or lower fees). Problems WISLAM Aims to Solve: Limited Accessibility for Sharia-Compliant Crypto: Some Islamic investors might be hesitant to invest in certain cryptocurrencies due to concerns about their adherence to Sharia principles (Islamic law). WISLAM could offer a way to participate in the crypto space with greater peace of mind. Interoperability Challenges: Different blockchains often have limited interaction with each other. WISLAM could bridge this gap by allowing users to leverage the functionalities of a new blockchain while holding a Sharia-compliant asset. Innovative Use Cases (Potential): Sharia-Compliant DeFi: WISLAM could potentially be used in Decentralized Finance (DeFi) applications that are built on Islamic principles. This could open doors for new financial products and services that cater to this specific market segment. Borderless Transactions: By existing on a different blockchain, WISLAM might enable faster and cheaper cross-border transactions for users who hold the underlying Sharia-compliant coin. Important Considerations: Underlying Asset: The true value proposition of WISLAM hinges on the underlying Sharia-compliant cryptocurrency it represents. Understanding this underlying asset and its characteristics is crucial. Regulatory Landscape: The regulatory environment surrounding cryptocurrency and Sharia-compliant finance is constantly evolving. Investors should stay informed about relevant regulations in their jurisdictions. Overall, Wrapped Islamic Coin presents a innovative concept for facilitating Sharia-compliant participation in the cryptocurrency space. However, its success depends on the underlying asset, regulatory considerations, and broader adoption within the Islamic finance community.

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Islamic Coin is a digital currency that adheres to Sharia principles, making it a suitable option for the Muslim community. It operates on the Haqq blockchain, an infrastructure that prioritizes ethical finance and philanthropy.

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The native currency of the Haqq Network. Islamic Coin is a digital currency that adheres to Sharia principles, making it a suitable option for the Muslim community. It operates on the Haqq blockchain, an infrastructure that prioritizes ethical finance and philanthropy.

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Wrapped Islamic Coin (WISLM), which is a cryptocurrency that aims to be Shariah-compliant and adhere to Islamic financial principles. The key points are: The Wrapped Islamic Coin (WISLM) is the native token of the HAQQ network, which is designed to be a Shariah-compliant cryptocurrency. The cornerstone of WISLM is the Shariah Oracle, which ensures that every transaction on the network adheres to Islamic law and eliminates the need for interest. WISLM is integrated with an Evergreen DAO that channels funds into Islamic social causes, allowing for governance that invests in ethical, community-focused initiatives.

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On the 5th of July,2024. Islamic coin announced that users from India, Turkey, UAE, Mexico, Vietnam, Nigeria, Brazil, Peru, Colombia, Chile, Europe, Indonesia, Kenya, South Africa, Thailand, Malaysia can now purchase $ISLM seamlessly through onrampmoney. This is a significant stride done recently. The coin being accessable to new users and investors across the globe, upon seeing the tokens utilities and potentials this compelled for investment in the project,hereby spiking of it price.

Trade hard. Joy is coming

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Islamic Coin is a digital currency that adheres to Sharia principles, making it a suitable option for the Muslim community. It operates on the Haqq blockchain, an infrastructure that prioritizes ethical finance and philanthropy.

Explore the Core.

The live Wrapped Islamic Coin price today is $0.053516 USD with a 24-hour trading volume of $53,016.11 USD. We update our WISLM to USD price in real-time. Wrapped Islamic Coin is up 9.06% in the last 24 hours. The current CoinMarketCap ranking is #525, with a live market cap of $48,802,157 USD. It has a circulating supply of 911,923,798 WISLM coins and the max.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.