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NOORCOIN is world’s first sharia-compliant utility token, serving the needs and provide solutions to at least 1.6 billion Muslims, using the latest technologies that promote efficiency and accountability.
Singapore – March 19, 2018 / — The existing cryptocurrencies have not been designed with Islamic markets in mind. Despite Muslims making up around 25% of the global population today, many Muslims cannot use cryptocurrencies due to their restricted legal status and high barriers to entry in many countries in the Islamic world.
Currently the Islamic finance sector is responsible for managing around 1% of global GDP and growing at nearly 20% per year. With there being an estimated 1.8 billion Muslims worldwide according to a study in 2015 – equating to around a quarter of the global population of approximately 7.5 billion today – NOORCOIN is shariah compliant, secure and digitally transferable, including across borders.
And, given that the number of Muslims in the world is expected to grow to 2.2 billion by 2030, NOORCOIN is opening the doors for cryptocurrency trading to the Islamic world.
“As pioneer and trailblazer in this new industry, we are providing an opportunity for anyone who care about Islamic financial markets to benefit from rapid technological advances in the blockchain industry.” said NOORCOIN’s CEO, Sofia Koswara.
Sharia-compliance is of paramount importance for Muslims and anyone who does business in the Islamic world. Some regions in the Middle East, such as the Kingdom of Saudi Arabia are financial powerhouses and hubs of growing importance. Therefore, even if you aren’t personally committed to Sharia, you should feel confident that growing demand from Islamic users and markets will increase the value of NOORCOIN.
NOORCOIN is not a politicized tool or specifically a product just for Muslims. NOORCOIN has relied on Sharia regulation because Islamic Finance is known for its fairness, clarity and protection for investors.
NOORCOIN relied upon Sharia regulation as the initiators want NOORCOIN to operate with best business practices and a fair transparent regulatory environment. NOORCOIN has been awarded with SHARIAH CERTIFICATE from the World Shariah Advisory Committee. Also, globally there is a huge shortage of Islamic finance products and limited innovation, so NOORCOIN has attempted to plug this shortfall with a unique offering.
“Trust is a key factor to make this work. Using blockchain technology means that anyone can be confident that the token they hold is valid and has its utility. They will find NOORCOIN as a very useful utility token for transactions among them and to fulfil their religious and citizenship duties such as zakat and tax payment. “ said NOORCOIN’s COO, Thomas Yudhistira.
There are also 20 million guests coming to Kingdom of Saudi Arabia for pilgrimage every year (to be increased to 30 million per year) which need to have a Sharia compliant, easily transferable currency for their expenses.
As the world’s first sharia-compliant utility token, serving the needs and provide solutions to at least 1.6 billion Muslims, the adoption of the latest technologies that promote efficiency and accountability, NOORCOIN will surely thrive and increase in value along with its utility.
Join NOORCOIN ICO
NOORCOIN will be created at the Ethereum blockchain platform using Smart contract technologies ERC20 standard.
Tokens will be available and displayed within 7 (seven) calendar days upon the completion of ICO according to the conditions of the Smart contract.
In case of early raising of funds tokens will be available and displayed within 7 (seven) calendar days after the date of early raising of funds according to the conditions of the Smart contract.
Upon the completion of ICO, NOORCOIN will be available for trade at any cryptocurrencies markets that listed it.
“In order to increase the performance of the platform, if technically possible and desirable by the community, NOORCOIN may be migrated to 4th or 5th generation blockchain technology such as Zilliqa and TON. For comparison, Ethereum is only 13 transactions per second while Zilliqa is 2,300 and TON is 1,000,000” said NOORCOIN’s CTO, Iskandar Purnomohadi.
NOORCOIN public ICO will start in Q2/18.
Main ICO details
There will never be more than 100,000,000,000 NCO.
Limited bonuses are negotiated on a one to one basis during the private pre-sale phase started on the launching date 19 March 2018
The NCO token will be used to pay for all aspects of NOORCOIN ecosystem.
The token’s value will appreciate substantially, as demand for the network grows. And more and better quality is on offer.
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