Staking Islamic Coin/Holding

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25 Dec 2023
38

our article for today will base on staking and holding of
Islamic Coin

Staking is a way of earning rewards for holding cryptocurrency. Your crypto earns rewards because it is put to work on the blockchain. Islamic Coin uses a “consensus mechanism” called Proof-of-Stake, which is the way they ensure that all transactions are verified and secured without the middleman, usually a bank. Your Islamic Coin digital money, if you choose to stake it, becomes part of that process and you earn rewards as a result.

ISLM holders can participate in the network consensus and secure the Haqq Blockchain network. By doing so, ISLM holders are delegating voting power to Validators who are doing the work of maintaining the decentralized network. Holders that delegate their coins to Validators. earn staking rewards. Rewards are coming from transaction fees and newly minted ISLM. Delegators should be aware that staking carries a risk. If the Validator underperforms or goes offline, the Delegators’ rewards can be slashed resulting in a reduced amount of ISLM rewarded. It is recommended that ISLM holders delegate to multiple Validators and choose them carefully.
Many traditional investors “HODL” their assets for a long period of time, even though the stock market is almost always less volatile than crypto. Investors who buy and hold benefit from long-term price appreciation.

No one knows who was the first one to say it. The original misspelling took place in a post by the user “GameKyuubi” on the Bitcointalk.org online forum, at 10:03 a.m. UTC on Dec. 18, 2013. He claimed he misspelled HOLD and decided to keep the error:

https://bitcointalk.org/index.php?topic=375643.0

Hodling is, simply put Hold On for Dear Life. This usually refers to someone that will not sell their cryptocurrency no matter what. Hodling is for long term gain, and while past performance is no indication of future profit, and hodling is no guarantee of any profit at all, it is generally believed that as the market matures, the value of cryptocurrencies will increase. This particularly concerns deflationary digital money such as Bitcoin and Islamic Coin. We recommended that an investment into Islamic Coin is not more than 1% of your investment holdings.

Of course, traditional investors opt for more conservative terms such as dollar cost averaging, as a way to mitigate bitcoin’s short-term volatility. Whatever the case, with traditional investors coming fast into the fold, terminology will evolve with the times, fusing together the best of both worlds.

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