October 2024 Recap

Here's a quick recap of all key highlights and milestones of HAQQ and ISLM from the past month!

Rebranding for a New Era

We’re excited to unveil a rebranding and the transformation of Islamic Coin into ISLM—a milestone that signifies our evolution into a dynamic, global financial and social platform. This fresh identity and redesigned web experience capture our expanded vision, reinforced mission, and commitment to inclusivity. As we break new ground in unexplored markets, HAQQ is shaping the future with Web3 technologies to empower a worldwide, ethical digital economy. ISLM, the coin for the global Muslim Ummah, embodies this revolution, standing as a testament to the financial strength and unity of Muslims everywhere.

TassbeehBot Joins HAQQ Network

We’re thrilled to announce our strategic partnership with TassbeehBot, a Telegram Mini App with over 6 million users. TassbeehBot offers a unique swipe-to-earn model, seamlessly blending spiritual growth, education, and rewards. Users engage with the bot by swiping beads—much like using a Masbahah—to learn the 99 names of Allah and more, while gaining Thawāb and earning rewards. TassbeehBot will be fully deployed on HAQQ, empowering it with onchain functionalities for a richer user experience. In celebration, we’re hosting a $20,000 community giveaway!

Firoza Finance Waitlist Now Open

We’re excited to announce that the waitlist for Firoza Finance is live, with thousands already onboarded! Firoza Finance, that markes the first ever Mudarabah smart contracts, is a platform offering investment opportunities in trusted real-world businesses, with sustainable, halal returns ranging from 10-25% APY. Investors can provide liquidity using stablecoins or even fiat, offering great flexibility. As we approach our full launch in the first week of November, we’re rolling out 8 investment pools with over $100,000 in rewards available for early adopters. Join us in pioneering a new era of halal finance!

Growing Onchain Metrics

Our growth journey continues to hit new milestones, thanks to our incredible community of users, developers, and partners! Together, we’ve reached 6 million accounts on the HAQQ Network! Over $3 million in trading volume on SushiSwap, with a peak daily volume on October 2. Additionally, HAQQ continues to lead among IBC-enabled chains in weekly active users. These achievements underscore the thriving activity and rapid growth of the network.

Partnering with Indonesia for Economic Growth

We’re proud to announce our pivotal partnership with the Indonesian governmental body KNEKS and BUMR to drive technological advancement in Indonesia’s $1.31 trillion economy. This collaboration aligns our blockchain-powered solutions with Indonesia’s economic vision, empowering local entrepreneurs, farmers, and fishermen through Web3 infrastructure to expand opportunities in the nation’s Sharia economy.

First In-Person Meetup in Africa

Our first event in Africa was a huge success! Over 70 attendees joined us in Ilorin, Nigeria, for a day filled with interactive learning, hands-on experiences with HAQQ-built apps, and prizes, including crypto scratch cards. We also celebrated our Ramadan Quiz winner with an Umrah trip—a heartwarming highlight of the day!

The HAQQ Expedition Extended

In response to high community demand and partners’ interest, we’re thrilled to announce that our community program The HAQQ Expedition is officially extended until December 8! This extra time means more opportunities for everyone to climb the ranks, earn more rewards, and experience the HAQQ ecosystem to the fullest. So far, over 100k quests have been completed by 7k participants, with 315k $ISLM distributed to our incredible community. The journey continues with more exploration, exciting experiences, and even bigger rewards ahead!

A Growing Community

Our community is thriving, with ISLM hitting 1.3 million and HAQQ surpassing 100,000 strong. Together, we’re building an ethical Web3 ecosystem, welcoming 2 billion Muslims onchain. This is just the beginning—the gateway to a more equitable digital future is wide open, and we’re excited to have you with us!

Thank you for being an essential part of our journey! Stay tuned for more exciting updates, as we have big launches planned for November.

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