- Islamic Coin, a Shariah-compliant digital currency, plans a Reg D public token launch facilitated by OpenDeal Broker on Republic’s platform in September 2023.
- Republic Crypto’s expertise offers Islamic Coin white-glove support, tokenomics advice, and engagement with potential partners.
- The partnership brings Shariah-compliant financial products, aiming to revolutionize ethical finance and web3 technologies, benefiting global Muslim users.
In the crypto-sphere, collaborations are common, and we are here today with a new one. Islamic Coin has recently joined hands with Republic Crypto in a strategic relationship. Let’s take a look at the inside scoop.
Islamic Coin & Republic Crypto
Islamic Coin is amongst the first of its kind, Shariah-compliant, ethics-first digital currencies. The coin plans to offer a Reg D public token in September 2023. It will be facilitated by OpenDeal Broker on Republic’s investment platform.
On the other hand, Republic is a technological firm focused on digital transformation for finance. The Republic ecosystem focuses primarily on enterprise-related digital merchant banking. Through this collab, the Shariah-compliant cryptocurency aims to provide users with numerous advantages. These include liquidity, the option of staking their holdings, and the opportunity to get tokens during the liquidity mining stage.
Republic Crypto aims to provide the token with white-glove support, go-to-market strategy, and advising on tokenomics, DAO governance, and long-term economic utility value. Republic Crypto will also help Islamic Coin engage with potential partners, exchanges, and market makers.
The collaboration thus far has led to Shariah-compliant allocation options for the currency, along with distribution and mechanisms aimed at sustainability. The Advisory Board at Islamic Coin is managed by ruling families of the UAE and includes the grandson of UAE founder Sheikh Dr.Hazza bin Sultan bin Zayed Al Nahyan and many more prominent figures.
Advanatges of the colab
In terms of the advantages associated with this collaboration and the long-term impact, it is interesting to note that the public launch will lead to more liquidity options and allow the international community to participate in the liquidity mining stage. Islamic Coin, in the future, has plans to engage with regulators and explore various financial products. This collaborative effort will help underscore the potential impact on ethical finance and the advancement of web3 technologies. For users, specially Muslims around the world, this will indeed pave the way for easier, Shariah-compliant finance.