ISLAMICOIN

ISLAMICOIN launches the first crypto wallet in the world with a recovery wallet servicePRESS RELEASE<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5892effa9a0144da8a3ff980d91c16cd.jpeg" />ISLAMICOIN, one of the leading projects in the world of cryptocurrency and Islamic finance, announced the launch of the first <a href="https://islamicoin.finance/islamiwallet" rel="noopener noreferrer nofollow">Halal-only crypto wallet</a> with special features under the name of “ISLAMIwallet.”This much-anticipated crypto wallet was released after experiments and tests to ensure the safety and functionality of what is considered the second largest project on the ISLAMICOIN roadmap, promising more innovations and developments in the long term.So, what is ISLAMIwallet?According to the developers, ISLAMIwallet is a crypto wallet intended to work by Shariah laws and regulations. You can send, receive and store ISLAMICOIN, Bitcoin and other Halal cryptocurrencies, including (nonfungible tokens) NFTs.The ISLAMIwallet mobile app will provide you with maximum security and safety per the latest technologies. However, you will always have to keep your secret phrase and email out of foreign hands. ISLAMIwallet will prevent the addition of any custom token, but users can request the addition of an unlisted token if it is classified as a Halal project.ISLAMIwallet will start with version zero (0) because counting starts from zero and the first index is always zero (0). Additionally, ISLAMIwallet will be the holder of all projects powered by ISLAMICOIN. Users will have one place to explore all projects and benefit from all the utilities supported in the application.Regarding special features and services, ISLAMIwallet has a long list. It will provide two of the most requested services, one being the recovery wallet, which is a service exclusive to ISLAMIwallet, and does not exist in any other wallet worldwide.In detail, this service will have an optional feature that will ask the user if he would like to add a recovery wallet when locking his tokens. This feature will be available first for the ISLAMI token and will later support all Halal tokens on the Polygon proof-of-staking (PoS) chain. The recovery wallet can be for a family member or a friend. Investors should lock their tokens in a special smart contract to benefit from this feature. Users can benefit from the recovery wallet in the event they lose their wallet or the key phrase. In this case, they can use the recovery wallet to withdraw the tokens once they are no longer locked.Another possible benefit is that when users’ wallets are hacked, they have the option to make emergency withdrawals to their recovery wallet.And finally, if the user passes away, the recovery wallet holder can claim the locked amount if the amount is no longer locked and they pay the claiming and emergency withdrawal fees in ISLAMI.Version zero also features a special voting system that will allow investors who lock their tokens for more than 30 days to vote on specific decisions and projects to which ISLAMICOIN would be applied. Voters can vote without paying any extra fees and the service is free. Investors can donate to Bayt Al-Mal, which is another ISLAMICOIN charity while voting.Additional services include but are not limited to direct access to the Crypto Halal utility with the ability to subscribe using ISLAMICOIN and benefiting from a special discount, peer-to-peer (P2P) trading and a zakat calculator depending on the balance and transactions (certified zakat offices will audit this feature). Users will have the option to pay zakat directly to any certified entity.ISLAMIwallet will develop an ecosystem to 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.An NFT marketplace will allow users to upload their NFTs and sell them after proven to be compliant with Shariah. Users will sell their NFTs using ISLAMICOIN as a currency. ISLAMIwallet will charge low fees on this feature to encourage Muslim youth to share their arts and add value to the community.The services will be provided through updated versions of the application. It is worth mentioning that the ISLAMICOIN team had taken into consideration the community’s expectations and demands when developing ISLAMIwallet.ISLAMICOIN founder Jaafar Krayem stated that the “ISLAMIwallet project was achieved according to the roadmap in the third quarter of the year. ISLAMIwallet, with its first version, will provide several advantages to its users, starting with being a digital wallet on the blockchain, in addition to being a base for the rest of the ISLAMICOIN projects.” He also thanked the ISLAMICOIN team who participated in the completion of this work, in addition to <a href="https://metaidentity.site/" rel="noopener noreferrer nofollow">MetaIdentity</a>, which specializes in providing blockchain services, and <a href="https://gosmart.solutions/" rel="noopener noreferrer nofollow">GoSmart Solutions</a>, which worked on the interface and design of ISLAMIwallet.ISLAMICOIN team has kept their promises so far, working according to their roadmap, which can be found on their website: www.islamicoin.finance

CoinTelegraph ISLAMIwallet

ISLAMICOIN

Other articles published on Aug 18, 2022

DaoVerse New Listing

Top cryptocurrency news: Solana wallet ignites the grill to burn spam NFTs out of existence

Cryptocurrency price update: DOGECOIN PRICE ANALYSIS : Consolidates Near $0.080; What Support Wil...

Official Game Launch Announcement

Top cryptocurrency news: Following the Suspension of Withdrawals, Hotbit Released Several Treatme...

Elon Musk says he was kidding about buying Manchester United

Join our free newsletter for daily crypto updates!