Islamic Coin (ISLM) Review: OG Score & Community Audit

The issue with ISLM isn’t really the technology. The network itself looks fine and development is still active. My concern is more about the token side. A huge part of the supply still isn’t in circulation, which means more tokens can keep entering the market later on. That can put pressure on the price over time. Add in lower trading activity at this point no one is buying it struggles to get to 100k daily dispite listing on reputable exchange, and for me it just doesn’t look like a strong long-term hold right now. DO not buy

ISLM is native token of Haqq block chain it has strong backing and investors, Haqq wallet is native Non custodial wallet for Islm coin, it has RWA and ecosystem but islm 100b supply is flaw despite Burning ISLM and minting Haqq token price Doesn't seem to be recovered. Burn and Mint of Haqq token: https://haqq.network/blog/burn-mint-waitlist-fair-and-early-access-to-mint-haqq-by-burning-islm?hl=en-GB#:~:text=%24HAQQ%20is%20the%20ecosystem%20token,what%20holders%20experience%20over%20time. If investing it's better buying Haqq token as it has more utilities and More developing token while Islm coin is converted into Haqq token.

ISLM is the native token of the Haqq blockchain, a Layer 1 built on the Cosmos SDK. Even though it launched a few years ago, the ecosystem still relatively immature and the chain itself looks kind of empty. You can check the DeFiLlama data here: https://defillama.com/chain/haqq That said, ISLM still has a relatively high FDV compared to its market cap, which could mean more dilution down the line. So personally, I don’t see a strong buy signal right now. The tokenomics also lean heavily toward the team, foundation and early investors. Plus, even though it’s available on Ethereum, almost allthe supply on ethereum is held by a few major wallets, which brings up some centralization concerns. More details here if you want to dig deeper: https://skynet.certik.com/tools/token-scan/eth/0xf10c41ca085fc8d9326a65408d14dae28a3e69a5

I mean, it's the native token of a live L1 with actual products and exchange listings, so that is kinda cool But there was an early fundraising chatter and some confusing clone incidents happened and these absolutely nuked community trust. To me thats cruel and they need to fix this or this whole ethics-first thing is just marketing crap