An Advanced cryptocurrency exchange where you can trade
not only IDF Products but also widely accepted
cryptocurrencies like Bitcoin, Ethereum, Monero and can also
convert it into fiat.
Total Supply of IDF is 2400000 out of which
1500000 can be bought or sold through IDF Swap
App at app.islamicdigital.finance. Remaining IDF
will be used to list on centralized cryptocurrency
exchanges like binance.com and desentralized
cryptocurrency exchanges like Uniswap.
(a) IDF are purchased at the Offer Price and can be
redeemed at the Same Price at any time from
app.islamicdigital.finance.
(b) IDF are issued immediately using IDF Swap at
app.islamicdigital.finance.
(c) During the distribution of profit period on 1st and
2nd of every month the IDF Swap will be closed, the
18 ISLAMIC DIGITAL FINANCE Whitepaper 1.1
sale, redemption and conversion of IDF will be
suspended.
(d) The price of IDF and its redemption will remain
same at app.islamicdigital.finance for complete 1
month. Any outside exchange centralized like
binanse.com or decentralized like Uniswap.exchange
will not effect the rate of purchase and redemption at
app.islamicdigital.finance.
(f) If any IDF holders wants to convert his/her IDF
into FIAT the investor will need to go through the
KYC process established by the company.
(g) IDF Swap Contract is made in a way that the
Liquidity for redemption for IDF will always be
available in it. The company cannot withdraw
Ethereum from IDF Swap smart contract. Only the
investors can buy and sale his IDF through IDF
Swap Smart contract.
Procedure for Purchase of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also buy IDF from Centralized and
decentralized exchanges.
Procedure for Redemption of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also Redeemed IDF from Centralized
and decentralized exchanges. But it will/can include
a heavy exchange fee on both centralized and
specially on a decentralized exchange where you
first need to approve the sell then you will need to
pay a very high exchange, liquidity providers, and
GAS fee to complete a transaction.
