Assalam Alaykum
Esteemed ISLAMICOIN community,
In preparation for the launch of the groundbreaking and first-of-its-kind project in the world, the project “ISLAMIBLOCKCHAIN” or iChain, a specialized blockchain for Sharia-compliant projects with unique and distinctive features, and as an initiative from ISLAMICOIN team, a significant and decisive strategic step has been taken today in our progress journey, by reducing the maximum supply of ISLAMICOIN currency from 20 billion to 10 billion.
This will be achieved by transferring ownership of ISLAMICOIN contract on the Polygon network from the founder’s wallet to the dead wallet.
This means that no additional ISLAMI coins beyond the previously issued 10 billion can be minted.
In this case, the max supply becomes the same as the total supply, which is less than 10 billion. It decreases daily through burning, which is carried out by utilizing certain features in ISLAMIwallet such as P2P and iGold, among others.
This significant development will make ISLAMICOIN scarcer as it gains more projects, thus increasing its value in the markets.
iChain is not just a blockchain; it is an integrated decentralized ecosystem for the business, community and islamic financial technology.
We appreciate your trust and continuous support as we strive for excellence and progress.
Stay tuned for further announcements before the launch of iChain.
Take a look at the video illustrating the process
