Islamic Coin
ISLM#569 by market capNot covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
Islamic Coin is for cheaper transactions on top of another chain. We have not written its record yet, so its promises are not checked. It trades at $0.0039, #993 of all coins by size, 99% below its highest ever price.
This week Nothing changed on its record.
A real job. No dated promises on its pages. Nothing dated ahead. +20% to match its rivals. 1 reason to be careful.
Is it real?
Reasons to be careful:Half the supply still to come
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2 of 4
- ✓A real-world jobReal-world purpose: cheaper transactions on top of another chain
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $14.74M, 70 times smaller than POL (ex-MATIC), the biggest coin within reach doing the same thing (Layer 2 (L2))
No named backer
- Origin14 October 2023about about 2 yearsislamiccoin.net, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
To be worth what the typical coin in Layer 2 (L2) is worth ($17.62M), its price would need to rise 20%, to about $0.0047. To match the leader, POL (ex-MATIC), 6879%.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Cheaper transactions on top of another chain
72 coins tagged Layer 2 (L2), worth $8.84B together. #44 of 72 by worth.
Layer 2 (L2): this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Islamic Coin$14.74Mthis coin−3.1%4% outno record
POL (ex-MATIC)$1.03B69.8× bigger, +$1.01B−0.3%, gap +2.8no max0 of 14 delivered
Arbitrum$887.02M60.2× bigger, +$872.28M−2.6%, gap +0.467% outnone dated
Stacks$485.56M32.9× bigger, +$470.82M−2.7%, gap +0.4no max0 of 5 delivered
Optimism$227.96M15.5× bigger, +$213.22M+3.8%, gap +6.854% outnone dated
Starknet$201.44M13.7× bigger, +$186.7M−2.3%, gap +0.872% out10 of 24 delivered
Derive$140.15M9.5× bigger, +$125.41M−1.6%, gap +1.567% outnone dated
Immutable$107.87M7.3× bigger, +$93.13M−1.1%, gap +1.944% outno record
Layer 2 (L2): this coin next to POL (ex-MATIC), the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Islamic Coin says
- We are on a mission to onboard over 1.8+ billion Muslims into digital finance without compromising the values and faith.
- POL (ex-MATIC) says
- Polygon describes itself as the main blockchain for moving money around the world quickly and at large scale.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
We are on a mission to onboard over 1.8+ billion Muslims into digital finance without compromising the values and faith. Islamic coin is the native currency of HAQQ, an ethics first, scalable and interoperable blockchain built on Proof-of-Stake with fast finality.
Problem it says it solves: cheaper transactions on top of another chain. 72 coins are working on it and together they are worth $8,839,919,541. This coin is 0% of that.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
1 reason to be careful
- Half the supply still to come96% of the maximum supply is still to come
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Layer 2 (L2): this coin next to the group's largest, POL (ex-MATIC).
| Islamic Coin | POL (ex-MATIC) | |
|---|---|---|
| Years trading | 3 years | 3 years |
| Major exchanges | 0 | 10 |
| Named backers | 0 | 0 |
| Headlines, last month | 0 | 46 |
| Promises delivered | no record | 0 of 14 |
What it says is different: We are on a mission to onboard over 1.8+ billion Muslims into digital finance without compromising the values and faith. Islamic coin is the native currency of HAQQ, an ethics first, scalable and interoperable…
It is 1.4% the size of POL (ex-MATIC). On the facts above it is behind on major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $0.3033 on 14 October 2023. Today is 1% of that.
4%
of all ISLM that will ever exist is already out in public hands: 3.74B coins.
96% (96.26B coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 3.74B of 100B.
- 96.26Bcoins still to be released, 96% of the maximum. Releases can add selling pressure.
- 4.9×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $0.3033 on 14 October 2023. That is −98.7% from the top.
- #993by market cap, $14,738,492.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $11 is locked in apps built on it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Nothing in the news this month.
Why it movedDown 62% this week. No headline named it in the last three days, so the move is not explained by news we can see.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy