Proof-of-Stake · Open source · Fixed block reward
A reward for the work
of staking — not a return on holding.
FirstIslamicCoin pays every block the same fixed amount, however large or small the stake that produced it. No coin-age multiplier, no percentage yield calculated from a balance. The project is on public testnet today, building in the open toward mainnet.
How it works
Proof of Stake, with one deliberate difference
Instead of miners burning electricity, people who hold FIC run a node and take turns producing the blocks that record transactions — the network picks who produces each block at random, weighted by how many coins they've put forward. That part is ordinary Proof-of-Stake.
What's different is the reward. Whoever produces a block receives a fixed 10 FIC, plus that block's transaction fees — never more, never less, and never scaled by the size or age of the stake that won it. A larger stake wins blocks more often, in proportion to its size; it does not earn more per block. That distinction is the whole reason the reward model looks the way it does — read why on the Shariah design notes page.
Full detail, including how the premine is structured and why, on the
tokenomics page — sourced directly from the same
docs/tokenomics.md the engineering team keeps in the repository.
Where things actually stand
What we won't quietly leave out
A lot of crypto projects blur the line between "built" and "planned." This one draws it plainly:
Testnet, not mainnet
FirstIslamicCoin is currently a public testnet. Mainnet launches only after a genesis key ceremony and a security review — see the roadmap. There is no live mainnet, no price, and no exchange listing.
No wallets shipped yet
The desktop node builds; mobile, web, and packaged desktop wallets are still in development. The wallets page says exactly what exists today and what doesn't.
No Shariah endorsement
"Shariah-conscious" describes design intent, not a certification. No scholar or advisory board has reviewed or endorsed this project. The design notes say this directly and will keep saying it until that changes.
This is not investment advice
Nothing on this site is an offer, solicitation, or recommendation to buy, hold, or trade any asset. Evaluate the code and the risks yourself — see the risk disclosure.