[PRESS RELEASE – Please Read Disclaimer]
ISLAMICOIN announced the release of the first version of ISLAMIwallet, adding new innovations to the world of cryptocurrencies.
ISLAMIwallet is a crypto wallet that intends to work by Shariah laws and regulations. You can send, receive and store ISLAMICOIN, Bitcoin, and other Halal cryptocurrencies including NFTs. Using ISLAMIwallet mobile app will provide you with maximum security and safety as per the latest technologies. However, you will always have to keep your secret phrase away from foreign hands, and that also includes your email. ISLAMIwallet will prevent adding any custom token, but users can request adding of an unlisted token if it is classified as a Halal project.
ISLAMIwallet will start with version Zero (0) because counting start from Zero and the first index is always Zero (0). ISLAMIwallet will be the holder of all projects that are powered by ISLAMICOIN. Users will have one place to explore all projects and benefit from all the utilities that will be supported in the application.
What will ISLAMIwallet provide as a service?
⦁ A special voting system that will allow investors who lock their tokens for more than 30 days to vote on specific decisions and projects that will be applied by ISLAMICOIN. Voters can vote without paying any extra fees, the service is totally free. Investors have the option to donate to Bayt Al-Mal while voting.
⦁ Recovery Wallet, this service will have an optional feature that will ask the user if he would like to add a recovery wallet when locking his/her tokens. This feature will be available first for ISLAMI token and we will support later all halal tokens on Polygon POS chain. The recovery wallet can be for a family member or a friend. Investors should lock their tokens in a special smart contract in order to benefit from this feature. The cases that users can benefit from the recovery wallet will be as following:
⦁ User lost wallet or the key phrase, then the recovery wallet will be able to withdraw the tokens after the period of locking time is passed.
⦁ If the user’s wallet is hacked. The user will have the option to do an emergency withdrawal to his/her recovery wallet.
⦁ If the user passed away, then the recovery wallet holder can claim the locked amount, taking into consideration that the duration of the locking has ended.
PS: This service does not exist in any other wallet in the world. And the fees of recovery wallet claiming and emergency withdrawal will be paid in ISLAMI.
⦁ Direct access to Crypto Halal utility with the facility to subscribe using ISLAMICOIN and benefiting from a special discount.
⦁ P2P Trading will also be an additional feature for ISLAMIwallet.
⦁ Zakat calculator depending on balance and transactions (This feature will be audited by certified zakat offices). Users will have the option to pay zakat directly to any certified entity. ISLAMIwallet will develop an ecosystem that will manage and control zakat distribution and show all balances and transactions done on the Zakat smart contract. At a later stage, the door will be open for any certified zakat collector entity to register their wallets to the ecosystem and receive payments directly to their vault in ISLAMIwallet.
⦁ NFT marketplace will allow users to upload their NFTs and sell them after being approved to be compliant with Shariah. Users will sell their NFTs using ISLAMICOIN as a currency, ISLAMIwallet will charge low fees on this feature in order to encourage Muslim youth to share their arts and add value to the community.
*Note: The services are not limited to the list above and the services will be provided through updated versions of the application.
ISLAMICOIN team achieved ISLAMIwallet with the help of MetaIdentity, which specializes in providing blockchain services, and GoSmart Solutions, which worked on the interface and design of ISLAMIwallet.
The future of ISLAMICOIN will witness more projects, including ISLAMIBLOCKCHAIN, ISLAMImall, which will be an online marketplace for the exchange and sale of Halal goods using cryptocurrency, ISLAMIgame which will present games full of adventures, educational and safe for children, as well as ISLAMImetaverse and others.
It is noteworthy that ISLAMedia the first project from ISLAMICOIN was successfully launched and is actively offering hundreds of hours of Muslim and family-themed programs, and a regional office under the name of Islami Blockchain Technology (IBT) was recently opened in Dubai Silicon Oasis.
ISLAMIwallet is available for download on Play Store and Android. ISLAMICOIN full project and roadmap can be found on their website: www.islamicoin.finance
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