Last Updated on June 27, 2020 by CryptoCreed
There are many cryptocurrencies are developed after the launch of Bitcoin in 2019, with the new idea and different vision many people launched their own cryptocurrencies. And the community of cryptocurrency or Bitcoin is increasing day by day. But as per Muslim restrictions and many barriers to entry in many Islamic countries that is the reason why many Muslims can’t use bitcoin or any other cryptocurrency while the population of Muslims more than 1.6 billion which is over 23% of the world population. To make cryptocurrency use to Muslim countries, Ibrahim Mohammed from the United Arab Emirates founded onegram which assent with the Islamic Shariah law, and one gram is certified by the Al Maali a financial consulting group. Don’t think onegram is only for Muslims as like other currencies it is also for everyone.
We should know what is Money according to Sharia
One of the most reliable Islamic scholars on the subject is Imran Hosein. Imran Hosein explains the six key properties of money in Islam as:
- Money is either precious metals or food.
- Money is abundant and widely available.
- Money is durable and does not spoil or corrode.
- Money has intrinsic value.
- Money exists in the creation and is made valuable by God.
- Money functions as a medium of exchange.
OneGram is supported by real Gold and they have an agreement with GoldGuard, Goldguard is one of the largest vaults in the middle east, Goldguard is in business since 1996 and Goldguard is one licensed company with Dubai Airport Free Zone (DAFZ) to trade gold and jewelry. The Onegram ICO will eventuate on the gold guard gold exchange. To join or participate in the ICO of One gram every user needs to register with GoldGuard and have to purchase gold at a live gold rate. After buying the Gold users can redeem it for OGC ( OneGramCoin) with a 10% fee which will be used to cover some costs. There are 12,400,786 OGC tokens in supply. The ICO starts on 21st May 2017 and will ends when all OGC tokens are sold out and after that, no tokens or coins will be issued.
The users can redeem their coins for gold or for any fiat currency through the gold guard. You will find Onegramcoins on major cryptocurrency exchanges after the ICO. Also, users can check the balance in the official Goldguard website and Onegram wallet app. gold-backed cryptocurrency.
With every transaction of onegram coin have to pay a 1% transaction fee that is maximum 1 OGC, 70% of this fee will be reallocated to increase total gold reserves, and left 30% will be used for future developments and advertisements.
Onegram Coin’s transaction is fast their team aims to provide instant transactions it takes a 1-minute block of 1mb size. The official ticker of OnegramCoin is OGC. OnegramCoin is a unique POS (proof of stake) based coin developed from experts and tested for months.
Onegram Coin team started the Bounty campaign to spread words of OnegramCoin. For now, there are 4 different bounty campaigns where users can earn free coins. Onegram will run this bounty for 1 month with almost 5 BTC budget
Bounty Campaigns are as following
Translation and Community Management Campaign.
Blog and Media Campaign.
Social Media Campaign.
The Bounty rewards will be paid in Bitcoins at the end of this month for more detail visit Bounty campaign thread on BitcoinTalk.org