#HALAL Coin ArabCoin is the first Islamic crypto-currency worldwide which will be linked to a physical stock of gold.#
"ArabCoin is a currency."
ArabCoin is the first Islamic crypto-currency worldwide which will be linked to a physical stock of gold.
This physical stock of gold will be created through the conversion of pre-mined 4.2 million ArabCoins into gold at a conversion rate of USD 55 per ArabCoin. 4.2 million represents five per cent of the maximum supply of 84 million ArabCoins. USD 55 represents five per cent of the average price of one ounce of gold over the last 24 months. This physical stock of gold will be stored in a reputable warehouse in the UAE and annually audited.
Thus, and in contrast to most other crypto-currencies, ArabCoin has an intrinsic value and a utility value.
Like any other crypto-currency ArabCoin is a peer-to-peer internet currency which allows for direct payments among its users without a middleman like banks or clearing-houses. Hence, it has only a fraction of transaction costs what makes it attractive for private users and merchants all over the world.
Like other crypto-currencies it is an open source, global payment network completely decentralized.
There is no central authority required. Because each transaction is recorded in a public ledger and verified by the miners. In order to become a miner one has to download the ArabCoin mining software from ArabCoin´s final website.
Miners verify transactions with their software based on a highly advanced encryption technology. The verification of transactions requires the solution of complex numerical problems. If a solution is found – i.e. the transaction verified – then a miner gets a reward in form of 1 ArabCoin for his service. It is obvious that not every peer-to-peer participant can find the solution for the same transaction. But over time this balances out. His unsuccessful activities may be regarded as a service to the crypto-currency community.
Institutions
ArabCoin will be professionally operated by institutions.
ArabCoin will be operated via two legal entities independent from each other.
One of them is the “ArabCoin Consultancy” (AC Consultancy) the other will be the “DUbai Crypto Currency Exchange” (DUCCX).
DUCCX will be registered and domiciled in the Dubai International Finance Centre (=DIFC). DUCCX seeks for regulation under the Dubai Financial Service Authority (= DFSA).
DICCX will be operated in compliance with the Islamic principles of finance. Hence, DICCX will be the first Islamic crypto-currency exchange worldwide regulated by the DFSA. DUCCX will operate on a leading edge technology platform with the highest security standards available.
AC Consultancy has 5 major tasks:
it is the issuer of the crypto-currency ArabCoin.
it will design and maintain the user-friendly website of ArabCoin.
it will generate awareness within the global crypto currency community.
it will penetrate the brick & mortar merchant world at highest possible speed.
it is also the owner and guardian of the physical stock of gold.
The USP of ArabCoin
ArabCoin is linked to a physical stock of gold.
Institutions
ArabCoin will be professionally operated by institutions.
ArabCoin will be operated via two legal entities independent from each other.
One of them is the “ArabCoin Consultancy” (AC Consultancy) the other will be the “DUbai Crypto Currency Exchange” (DUCCX).
DUCCX will be registered and domiciled in the Dubai International Finance Centre (=DIFC). DUCCX seeks for regulation under the Dubai Financial Service Authority (= DFSA).
DICCX will be operated in compliance with the Islamic principles of finance. Hence, DICCX will be the first Islamic crypto-currency exchange worldwide regulated by the DFSA. DUCCX will operate on a leading edge technology platform with the highest security standards available.
AC Consultancy has 5 major tasks:
it is the issuer of the crypto-currency ArabCoin.
it will design and maintain the user-friendly website of ArabCoin.
it will generate awareness within the global crypto currency community.
it will penetrate the brick & mortar merchant world at highest possible speed.
it is also the owner and guardian of the physical stock of gold.
Launch
ArabCoin is your opportunity to get ahead of the crowd.
Don't miss this opportunity, join the new crypto currency at the official launch.
Mine ArabCoins
Start mining before it's to difficult to mine without specialized mining hardware.
Trade ArabCoins
Start trading from day one and take advatage of the special exitement during the launch period.
Accept & Spend ArabCoins
Start accepting ArabCoins as soon as possible to take advantage of the exited miner and trader.
Invest in ArabCoins
Start investing while the news has not yet spread to all of the crypto currency enthusiasts & investors.
We will send you one notification right in time for the official lauch of ArabCoin and the ArabCoin Exchange. No spam and no other emails, just a single noticication