There are big challenges 1.5 Billion Muslims all around the world are facing as of today. Block chain technology will be the new future no doubt. Unfortunately Muslim society is following this revolution relatively slow and late. However HALAL Chain project aims to ease Muslims to keep up with the revolution. The main idea is to facilitate the mass adoption of HALAL Chain in long term. This will economically empower individuals since the maximum amount in circulation is fixed unlike fiat currencies. Easier trading and storage possibilities compared to gold. Aims to strengthen the commerce ties among Muslims internationally by offering a trustless commerce platform and another aim is to create a strong community and governance to become the leading force and leading voice of all Muslims which is the only way to stop expansion of ISIS propaganda.
Why HALAL Chain ?? First of all, as the name already implies, earnings for inverting in HALAL Chain is a ‘HALAL’ earning according to Islam since it is not ‘riba’ (interest) earning.?
Economic Reasons Block chain technology is the safest way of storing and transferring assets. And it is getting understood that crypto economy is the future. It is way more superior in safety and growth aspects compared to precious metals and financial derivatives. However Muslim community has been relatively late and slow to adopt this technology.
Traditional investments methods like gold and fiat currencies are set to vanish gradually. Especially gold which is a very common investment among Muslims is set to lose its value very soon since cryptoassets are much more advantageous in many aspects. Investing in Bitcoin or other cryptoassets would make rich only the early adopters of Bitcoin and other altcoins. It is the time to deploy an option for 1.5 Billion Muslims which comes from Muslims and for Muslims.
HALAL Chain is the first real opportunity for Muslims to improve the economic power of Muslims since it is developed by Muslims and supported by Muslims and non-Muslim fellows. We are at the edge of a new and stronger economic crisis since no lessons are learnt from the last one. Instead Central Banks multiplied the amount of fiat currencies in the circulation which temporarily delayed a big correction and created an even bigger bubble which is due to explode very soon. This time it is called ‘Everything Bubble’ and this time stock market, real estate market and bonds market bubbles are set to explode all together. Cryptocurrencies and precious metals have been proven safe haven in these circumstances.
HALAL Chain differs from other cryptocurrencies in a particular way. Let me explain how. All other cryptoassets are targeting cryptofuns all around the world predominantly which is already very saturated and there is not much room to grow. HALAL Chain however chooses a different path to grow, adoption of specific masses. Instead of aiming a global acceptance from the beginning which is very complicated and challenging for a new coin, HALAL Coin aims to have a local & society specific target mass which has stronger religious, cultural, economic and commercial connections already. Once this aim is achieved the global admittance will be inevitable eventually.
Ideological reasons Although Islam is the religion of peace, charity and brotherhood, it is perceived quite negatively by western society especially after ISIS terrorism. We real Muslims don’t consider them as Muslim since their actions are completely opposite to Islamic fundamentals, however those bunch of sinners are influencing the image of Islam more than the rest of 1,5 billion Muslims. ISIS has strong economic and human resources and recruiting especially young and fool Muslims in deep web and in local mosques. There should be something to be done by our huge Muslim anti ISIS community to stop ISIS poisoning our children. The aim of HALAL Chain is to create a community and economic resources to establish and diffuse a strong anti ISIS propaganda on all web platforms and mosques and organizing events to inform Muslims about the ISIS religion scam. Another common problem of Muslim nations is the anti-democratic puppet governments. Most Muslim nations condemned to live with it. I had personally foreseen that Arab spring was coming years before it started. Because internet and user friendly social media were being adopted by masses. A new Arab spring is on the road now because crypto revolution is coming. However this time it will be softer but more efficient. Because dictatorships will realize that they have to convince their citizens instead of oppressing. There will be no other way to survive for them. Cause if citizens lose their trust on government they will switch to crypto assets and this will weaken the government economically so that the fiat money they print will be useless to pay salaries of police and armed forces.
How? As HALAL Coin project team and fastly growing HALAL Chain community will move together to decide where the resources should be allocated. This will be achieved by a regularly organized polls and feedbacks from HALAL Chain community.?
Marketing HALAL Coins are neither sold nor mined. HALAL Coins are earned as bounties , (more info https://bitcointalk.org/index.php?topic=2026521.0) Some of the earned HALALs are sold at Waves DEX by its holder. Buying HALALs at Waves DEX Since it is not sold in an ICO or similar event only given as bounties makes HALAL Coin strong marketing and fairly, merit base distributed This unique way of introduction of HALAL Coin will bring mass adoption of HALAL Chain by Muslims at first place. This includes intensive social media activity, advertisements and public events. Admisson to several exchange platforms. (Bittrex, Tidex, Yobit, crptopia,livecoin etc.) This aggressive marketing will be ongoing continuously. So the investors can see the effect of their contribution directly.?? At second stage, marketing will be expanded in order to reach masses which have never heard of even Bitcoin. At this stage the number of participating merchants and number of physical ATM s will be increased rapidly. After certain acceptance is reached within certain countries, commerce chambers, financial and governmental institutions will be poked continuously in order to convince them to use HALAL Coin and/or encourage people to use it.
Technology development After we successfully implement a separate Block-Chain (Intentionally POS ). At the moment we have been evaluating several existing technologies closely and performing tests (Waves , Ethereum, NEO, Next, Omni, Counterparty. etc ) We have successfully forked and tested so far several block chains. However new technologies are on the way like tangle, graphene and delegated POS among others. We want to make sure that the technology we fork and develop to be at least one of best for the time being and for the near future. Should be userfriendly, light, scalable, stabile and proven. We are very ambitious to deploy Token creation tool and a decentralized exchange platform on top of this block chain before the boom of Islamic capital adoption.
Education & Anti ISIS propaganda We will incentivize Muslim bloggers, youtubers, twitterers etc. for their contribution to widespread the idea behind the HALAL Chain and anti ISIS propaganda. There will be no free giveaway. We will work closely with our community to incentivize those individuals. Furthermore, nonprofit educational organizations, sports organizations and public events like World Islamic Economic Forum will be sponsored and separate events will be held for both marketing and ideological reasons.