Article of Sidra Coin(SDA)
Sidra Coin (SDA) is the native utility token of Sidra Chain, a decentralized blockchain platform built to provide financial services that comply with Islamic (Shariah) principles. Sidra Chain is the world's first interest-free blockchain that prohibits speculative trading and interest-based lending, instead using models like profit-sharing and asset-backing to ensure ethical financial transactions.
Sidra Activities
The activities and use cases within the Sidra ecosystem revolve around providing Shariah-compliant financial solutions and include:
Cross-Border Payments: Facilitating fast, secure, and cost-effective international transactions, especially for large populations of Muslim workers and businesses in regions like the Middle East and Southeast Asia.
Supply Chain Management: Providing transparency and traceability for the movement of goods, which is crucial for verifying that products meet halal standards.
Shariah Fundraising: Offering a platform (SidraStart) for Shariah-compliant businesses and projects to raise funds without the use of traditional interest-based bonds.
Real-World Asset (RWA) : Tokenization: Allowing tangible assets like real estate, gold, and commodities to be converted into digital tokens on the blockchain for enhanced liquidity and transparency.
Decentralized Exchange (DEX): Operating a decentralized exchange where users can trade SDA for other cryptocurrencies within the ecosystem without a centralized intermediary.
KYC and Verification: Implementing robust Know Your Customer (KYC) processes globally to ensure user security, regulatory compliance, and platform integrity, which is necessary for peer-to-peer transactions and other verified platform functions.
Users previously participated in free mobile "mining" of Sidra coins, which has largely ended as the project transitions fully to its mainnet, where the coin functions for transaction fees, staking (as a form of labor compensation rather than interest), and governance.
AI responses may include mistakes. For financial advice, consult a professional.
Sidra price Prediction.
Predictions for the future price of Sidra Coin are speculative and vary widely, as its market value is not yet widely established. The official project team has set an ambitious target for the token to reach $1,000 within a year of its mainnet launch, which occurred in October 2023. However, current prices observed on exchanges are extremely low, and independent algorithmic predictions are far more conservative.
Price Status and Projections
Currently, Sidra Coin (SDA) has a live price close to $0 on some exchanges due to a market cap of near zero and very low trading volume, as the project is still in an early phase of its mainnet transition and verification process.
Official Target:
The Sidra team aims for a price of $1,000 per coin post-mainnet launch, driven by the coin's utility within its Islamic DeFi ecosystem, limited supply, and strong community support.
Independent Predictions: More objective analyses suggest a significantly lower value, with some forecasting a price around $0.5 by October 2026, which would still represent a substantial increase from its current micro-valuation.
Factors Influencing Future Price
The future value of Sidra Coin will depend heavily on several factors:
Mainnet Adoption: The actual adoption and successful implementation of the various services on the Sidra Chain (e.g., cross-border payments, RWA tokenization) will be crucial. More info
Liquidity and Exchange Listings: Widespread listing on major cryptocurrency exchanges (CEXs) is expected to increase liquidity and accessibility, potentially driving up demand and price.
Shariah Compliance:
Its unique position as the first interest-free, Shariah-compliant DeFi platform might attract a specific niche market of investors looking for ethical financial products.
 and Price Prediction 2026){kind=link}
0 Comments