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Islamic Coin

Basic Information

InformationDetails
Project NameIslamic Coin
Project WebsiteIslamic Coin
Project DescriptionIslamic Coin is a native currency of HAQQ, a community-run network dedicated to empowering an ethics-first, Shariah-compliant financial ecosystem.
Project TickerISLM

Airdrop Details

InformationDetails
Airdrop Typeholder / testnet
Total Airdrop Amount20,357,500 ISLM (Initial Wave)
Number of Eligible Users58,376 users (Initial Wave)
Number of ClaimantsNot Known

Timeline

EventDate
Blockchain SnapshotOctober 9, 2023
Claiming StartedOctober 10, 2023
Claiming EndsNot Known

Token Distribution

DistributionAmount
Maximum35,000 ISLM
Median/Average10,400 ISLM (Validators), 240 ISLM (General Participants), 250 ISLM (Overall Average)
Minimum10 ISLM

Eligibility Criteria

The rewards are structured into tiers based on participation in the HAQQ ecosystem:

  1. HAQQ Network Validators:

    • Validators maintaining the test and main HAQQ networks
    • Reward range: 2,850 ISLM to 35,000 ISLM
  2. #TheHaqqExpedition & HAQQ Network Participants:

    • Holders of the Pioneer role in #TheHaqqExpedition program
    • Activated HAQQ Network address receiving ISLM (Gas Drop, Giveaway, Raffles, etc.)
    • Staked ISLM in HAQQ Wallet
    • Participated in HAQQ Governance (voted once or multiple times)
    • Reward range: 100 ISLM to 1,000 ISLM
  3. Islamic Coin Ambassadors:

    • First cohort ambassadors: 1,600 ISLM each
    • Second cohort ambassadors: 800 ISLM each
  4. Cosmos Ecosystem Participants:

    • Stakers and voters on Evmos and Cosmos Hub
    • (Details to be announced later)
  • Distribution schedule:
    • 10 ISLM available immediately for claim
    • Remaining rewards have a 1-month cliff, followed by 6 months of daily unlocks
    • All locked coins can be staked and used for network operations
  • Dubai residents are not eligible for the airdrop

Additional Information

  • The 2nd and 3rd wave retrodrops will reward active HAQQ Network participants, focusing on on-chain activity, governance participation, staking, and dApp contributions.
  • Galxe address mismatch issues are being resolved to ensure all eligible participants can claim their tokens.
  • Participants are encouraged to use their rewards actively within the HAQQ Network to sustain the ecosystem.
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