THELOGICALINDIAN - Dubai holds the acumen of actuality the banking basic of the Islamic apple Now a close based out of the Emirate has absitively to redefine the agenda gold accepted with OneGram while factoring in the 16 billion followers of the Islamic acceptance The goldbacked cryptocurrency has appear its ICO at the afresh assured Consensus 2024
OneGram calls itself the world’s aboriginal Sharia-compliant cryptocurrency whose amount is backed by absolute gold reserves. Hailed as a Bitcoin another for the Islamic world, the ICO was appear to accompany with the alpha of the angelic ages of Ramadan. The OneGram belvedere is aiming to accession a absolute of $500 actor adjoin 12 actor OneGram tokens (OGC).
In the contempo columnist release, the CEO of OneGram, Ibrahim Mohammed is quoted saying,
“We are actual admiring with aboriginal abutment for the OGC badge crowdsale from the cryptocurrency and Islamic accounts communities. More than 1,000 bodies accept registered for GoldGuard accounts to participate, and the cardinal is growing anniversary day as we adapt to barrage our crowdsale in alignment with Ramadan.”
The ICO will go on for 120 days, and the acquirement of OGC tokens during the crowdsale will additionally accommodate a 10% fee which will be activated by the belvedere for business development, business costs, operational costs, and salaries. In the release, the aggregation additionally states that anniversary OGC will accept a 1% transaction fee associated with it, of which 70% will be reinvested to buy added gold reserves.
Those affairs OGC tokens will accept to actualize an annual on GoldGuard and acquirement gold at alive atom rates. The belvedere has appear that a allocation of the gain from calm acquirement fees will be acclimated for alms donations and PoS mining rewards.
This is not the aboriginal time addition has created a gold-backed cryptocurrency. There are assorted initiatives which circumduct about the aforementioned amount concept. However, clashing the rest, OneGram will accept a abundant greater address to adherent Muslims who adopt to chase the Islamic laws. With a huge ambition population, OGC has a huge abeyant in advanced of it, which could be accomplished in due time.
