On July 10, 2024, at precisely 10:36 AM UTC, Wrapped Islamic Coin (WISLM) experienced a significant breakout, surging by 21.70% to reach a price of $0.0607. This dramatic price movement has caught the attention of the cryptocurrency community, especially those interested in Shariacompliant digital assets. The breakout was not a mere coincidence but a result of strategic developments and partnerships that have positioned WISLM for growth. Let's delve into the factors that fueled this remarkable price surge. On July 10, 2024, Wrapped Islamic Coin (WISLM) experienced a significant breakout, surging by 21.70% to reach a price of $0.0607. This remarkable performance can be attributed to several pivotal developments within the ecosystem, each contributing to the heightened interest and investment in WISLM. Let's delve into the key reasons behind this breakout and explore the visual evidence supporting these factors:
ISLM accessible to new users globally: Islamic Coin announced that users from 15 countries can now purchase ISLM through onrampmoney, significantly expanding its user base. This move has opened doors for new investors from diverse regions, enhancing the coin's global reach and accessibility.
HAQQ Network's partnership with Stride: HAQQ Network allocated 100M ISLM for liquid staking on Stride, boosting its Total Value Locked (TVL) by 4% and enhancing the Cosmos ecosystem. This partnership not only increases the utility of ISLM but also integrates it more deeply into the broader DeFi landscape, making it more attractive to investors.
The Wrapped Islamic Coin (WISLM) treads carefully in the intersection of cryptocurrency and Islamic finance. It is a wrapped token representing another cryptocurrency on a different blockchain, allowing users to hold and trade the underlying asset while benefiting from the features of the new blockchain. This innovative approach addresses several challenges, such as limited accessibility for Shariacompliant crypto and interoperability issues between different blockchains.
Innovative Use Cases:
ShariaCompliant DeFi: WISLM can be used in Decentralized Finance (DeFi) applications built on Islamic principles, opening doors for new financial products and services catering to this specific market segment.
Borderless Transactions: By existing on a different blockchain, WISLM enables faster and cheaper crossborder transactions for users holding the underlying Shariacompliant coin.
Important Considerations:
Underlying Asset: The true value proposition of WISLM hinges on the underlying Shariacompliant cryptocurrency it represents. Understanding this underlying asset and its characteristics is crucial.
Regulatory Landscape: The regulatory environment surrounding cryptocurrency and Shariacompliant finance is constantly evolving. Investors should stay informed about relevant regulations in their jurisdictions.
Overall, Wrapped Islamic Coin presents an innovative concept for facilitating Shariacompliant participation in the cryptocurrency space. Its success depends on the underlying asset, regulatory considerations, and broader adoption within the Islamic finance community. With the recent developments and partnerships, WISLM is poised to make significant strides in the market, offering a unique blend of ethical finance and modern financial technologies.
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Explore the Core.
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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Introducing stISLM – a tradable, liquid-staked ISLM As an ISLM holder, you can start using your liquid-staked ISLM (stISLM) in various other DeFi protocols to maximize your yields. 🔥 Here's the simple 3-part process: → Stake your ISLM on @stride_zone and earn staking rewards; → Receive stISLM, matching the amount you’ve staked. → Use stISLM to earn additional yields in other DeFi protocols.
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GLORIA OLUWAFERANMITo God be the Glory
Explore the Core.
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.
Spot the Main Event:
HAQQ Network teams up with stride.zone. Their allocating 100M ISLM from our treasury for liquid staking on Stride, boosting its TVL by 4% and propelling the Cosmos ecosystem forward. HAQQ community members can now stake ISLM, receive tradable stISLM, and continue earning rewards, while staying liquid to explore more DeFi opportunities
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Ola VictoriaExplore the Core.
The native currency of the Haqq Network.
Spot the Main Event:
They recently partnered with Stride Zone. This partnership allows HAQQ users to stake their ISLM tokens and earn rewards while keeping their assets liquid. When you stake ISLM, you receive stISLM tokens that can be traded or used on various DeFi platforms.
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OLUWATOSIN GARUBAExplore the Core.
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.
Spot the Main Event:
HAQQ Network teams up with stride. Allocating 100M ISLM from their treasure for liquid staking on Stride, boosting its TVL by 4% and propelling the Cosmos ecosystem forward. HAQQ community members can now stake ISLM, receive tradable stISLM, and continue earning rewards, while staying liquid to explore more DeFi opportunities
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Abdulazeez MuhammadExplore the Core.
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.
Spot the Main Event:
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.
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Oluwatosin BamideleTrade hard. Joy is coming
Explore the Core.
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.
Spot the Main Event:
The team announced partnership with Stride Zone. this partnership will benifit ISLM. Liquid Staking for ISLM This partnership allows HAQQ users to stake their ISLM tokens and earn rewards while keeping their assets liquid! When you stake ISLM, you receive stISLM tokens that can be traded or used on various DeFi platforms.
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Abifarin TemitayoExplore 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.
Spot the Main Event:
HAQQ Network teams up with stride.zone. They’re allocating 100M ISLM from their treasury for liquid staking on Stride, boosting its TVL by 4% and propelling the Cosmos ecosystem forward.
📸 Show Us What You Found:
Overview
Wrapped Islamic Coin (WISLM) is a cryptocurrency project that bridges the gap between traditional Islamic finance and the modern digital asset space. It aims to provide Shariacompliant financial solutions, ensuring that Muslim investors can participate in the cryptocurrency market without compromising their religious principles. WISLM is a wrapped token representing another Shariacompliant cryptocurrency on a different blockchain, offering benefits like faster transactions and lower fees.
Key Features
Technological Innovations
Sharia Compliance: Ensures all transactions adhere to Islamic law, eliminating interest and promoting ethical finance. Interoperability: Bridges different blockchains, allowing users to leverage new blockchain functionalities while holding a Shariacompliant asset. Evergreen DAO: Channels funds into Islamic social causes, ensuring ethical governance and communityfocused initiatives.
Use Cases
ShariaCompliant DeFi: Enables participation in decentralized finance applications built on Islamic principles. Borderless Transactions: Facilitates faster and cheaper crossborder transactions for users holding the underlying Shariacompliant coin.
Recent Developments
Endorsements: Received endorsements from the Indonesian Council of Ulama (MUI) and the Kenya Fatwa Council. Partnerships: Partnered with Stride Zone, allowing users to stake ISLM tokens and earn rewards while keeping assets liquid. Exchange Listings: Discussions about new exchange listings to increase accessibility. Community Engagement: Active discussions and updates on platforms like Telegram, Discord, and Twitter.
Market Impact
Demand and Adoption: The unique value proposition of Shariacompliant finance could attract a significant portion of the Muslim community, driving demand. Recent Partnerships: Collaborations with platforms like Stride Zone enhance liquidity and usability, potentially increasing market presence. Regulatory Landscape: Positive endorsements and compliance with Islamic law could bolster trust and adoption, but evolving regulations need to be monitored.
Risks and Opportunities
Risks
Regulatory Uncertainty: The evolving regulatory environment for both cryptocurrency and Shariacompliant finance could pose challenges. Underlying Asset: The success of WISLM is closely tied to the underlying Shariacompliant cryptocurrency it represents.
Opportunities
Growing Market: Increasing interest in ethical and Shariacompliant financial products presents a significant growth opportunity. Innovative DeFi Solutions: Potential to pioneer new financial products and services that cater to the Islamic finance market.
Community Engagement
Community Size and Activity: Active community on platforms like Telegram, Discord, and Twitter, indicating strong support and engagement. Engagement Strategies: Regular updates, AMAs, and discussions to keep the community informed and involved.
Conclusion
Wrapped Islamic Coin (WISLM) presents a compelling opportunity for traders interested in ethical and Shariacompliant financial solutions. Its unique value proposition, recent endorsements, and strategic partnerships position it well for growth. However, traders should consider regulatory risks and the importance of the underlying asset. Overall, WISLM's innovative approach and strong community support make it a noteworthy project in the cryptocurrency market.
Considerations for Traders: Monitor Regulatory Updates: Stay informed about changes in the regulatory landscape. Evaluate Underlying Asset: Understand the characteristics and performance of the Shariacompliant cryptocurrency WISLM represents. Engage with Community: Participate in community discussions to stay updated on the latest developments and sentiment.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.