Odaily News Islamic Coin, an Islamic encryption project, announced the launch of the token ISLM and the distribution of airdrop rewards. The first round of distribution is expected to start today. The first wave of Islamic Coin airdrops will distribute approximately 20.36 million ISLM rewards to 58,376 community members including HAQQ network validators, TheHaqqExpedition and HAQQ network participants, and Islamic Coin ambassadors. In addition, Islamic Coin will also release an airdrop later this week to Cosmos ecosystem participants, including stakers and voters on Evmos and Cosmos Hub. The airdrop is only available to non-Dubai residents. Islamic Coin stated that the second and third waves of retroactive airdrops will be released after the ecosystem reaches the next growth milestone. Islamic Coin token ISLM has been listed on KuCoin.