According to the website, Muslim Coin is a cryptocurrency that claims to become a solid and trustworthy token and can be used as an exchange unit anywhere.  According to the token’s whitepaper, cryptocurrency favors its usage in the Muslim world. The currencies used by many people today have a chance to get forged and duplicated. To overcome this, the idea of Muslim Coins came to light. The motive of the Muslim Coin is that it seeks to be used by the masses in everyday life.

To overcome the hurdles, the project concentrates only on the three main features. The first one is the development of credit cards which can be used to pay expenses directly in Muslim Coins. The project also intends to initiate a wallet system where the user can use the application to exchange Muslim Coins at will with other currencies.

The native token of the Muslim Coins is the Muslim Coin token. The ticker name of the token is MUSC. The project works on the Binance Smart Chain (BSC). The native token is of the BEP20 token standard. This means that the token intends to have quick transaction speed with a satisfying level of security as the other tokens on the Binance Smart Chain. According to the whitepaper, when theICO is over, the MUSC tokens seek to be exchangeable like any token on decentralized finance (DeFi) platforms.

The rewarding system of the project is that the user who intends to share the token with friends, relatives, or family is to be rewarded through a sponsorship system. Along with that, every transaction on the decentralized finance platform of the Muslim Coin levies a 2% tax. Such tax seeks to be reversed to Islamic charities such as Muslim aid or Red Crescent International.

According to the website, the launch was made in the second quarter of 2021. The presale was held on August 15 and September 1, 2021. The initial coin offering (ICO) was started on September 30, 2021, and maintained throughout October 2021. The team behind the project includes Sharif as founder and CEO, Arthur as COO, and Sofiane as CTO. The maximum total supply of the MUSC coin is 500,000,000.

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