News Tech: A cryptocurrency wallet called ISLAMIwallet aims to operate in accordance with Shariah rules and legislation. ISLAMICOIN, Bitcoin, and other Halal cryptocurrencies like NFTs may all be sent, received, and stored. Utilizing the ISLAMIwallet mobile app will provide you the highest level of security and safety possible using the most recent technology. However, you will always need to keep your secret phrase private, and that goes for your email as well. ISLAMIwallet will forbid the addition of any custom token, although users may ask for the addition of an unlisted token if the project is deemed to be Halal.
What will ISLAMIwallet provide as a service?
1. Investors who lock their tokens for more than 30 days will have access to an unique voting mechanism that will let them to cast their votes on certain initiatives and choices that ISLAMICOIN will implement. Voting is completely free, with no additional costs to voters. Investors have the choice to support Bayt Al-Mal when casting their ballots.
Due to the fact that counting begins at zero and the first index is always zero, ISLAMIwallet will launch with version zero (0). All projects powered by ISLAMICOIN will be held by ISLAMIwallet. Users will have one place to explore all projects and benefit from all the utilities that will be supported in the application.
2.Recovery Wallet, an optional feature of this service, will prompt the user to install a recovery wallet while locking his or her tokens. The ISLAMI token will have access to this feature first, and we will eventually support all halal tokens on the Polygon POS chain. A friend or a member of your family might use the recovery wallet. Investors can take use of this capability by locking their tokens in a specific smart contract. The following are some scenarios in which users might gain from the recovery wallet:
PS: No other wallet in the world offers this function. Additionally, costs for emergency withdrawals and wallet recovery will be paid in ISLAMI.
3. Direct access to the Crypto Halal service with the option to sign up using ISLAMICOIN and receive a special discount. 4. ISLAMIwallet will also introduce P2P Trading as a new function.
5. Zakat calculator based on transactions and balance (This feature will be audited by certified zakat offices). Users will have the choice to pay zakat to any recognised entity directly. In order to administer and regulate zakat distribution and to display all balances and transactions made on the zakat smart contract, ISLAMIwallet is building an ecosystem. Any authorised zakat collecting entity will eventually be able to register their wallets with the ecosystem and receive payments straight to their ISLAMIwallet vault. 6. Users will be able to submit their NFTs to the marketplace and sell them once they have been determined to be Shariah compliant. In order to encourage Muslim youth to share their arts and benefit the society, ISLAMIwallet will charge modest fees for this service. Users will be able to sell their NFTs using ISLAMICOIN as the medium of exchange.
With the assistance of GoSmart Solutions, which worked on the interface and design of ISLAMIwallet, and MetaIdentity, which specialises in offering blockchain services, the ISLAMICOIN team was able to create ISLAMIwallet. More ISLAMICOIN projects, such as ISLAMIBLOCKCHAIN, ISLAMImall, an online marketplace for the exchange and sale of Halal goods using cryptocurrency, ISLAMIgame, which will offer games full of adventures, educational, and suitable for children, as well as ISLAMImetaverse, will be released in the future.
It is noteworthy that the first project from ISLAMICOIN, ISLAMedia, was successfully launched and is currently providing hundreds of hours of Muslim and family-themed programming. Additionally, a regional office with the name Islami Blockchain Technology (IBT) was recently opened in Dubai Silicon Oasis.