Caizcoin, a blockchain platform, has joined ITSA as a supporting member. As such, they gain access to all ITSA working groups and member groups and free ITC classification.
Caiz is the first Islam-compliant cryptocurrency. The project is combining a futuristic financial system with the traditional philosophy of Islamic Finance, following the current trend of secure trading, which has based its system on justice, truth, impartiality, and the welfare of all its investors and trusted partners.
CAIZ Coin was incubated in 2018 by CAIZ Group, a group of developers who aimed to bring unity into the financial world. CAIZ Group is a new, committed and long-term oriented technology investment company that actively supports the establishment and development of its portfolio companies. Through targeted investment and active influence, our company can drive initiatives to create sustainable economic and social value for the company and its stakeholders. CAIZ Group management committee consists of a renowned corporate and criminal lawyer, a former board member, a compliance and audit officer, and a former judge-notary and lawyer as secretary.
CAIZ, which also includes the word “CAIZ'' meaning lawful, describes a cryptocurrency that aims to achieve financial freedom for everyone. CAIZ adheres to Islamic values and ethics by building an innovative blockchain-based financial solution that is compliant with global economic principles.
The International Token Standardization Association (ITSA) e.V.
The International Token Standardization Association (ITSA) e.V. is a not-for-profit association of German law that aims at promoting the development and implementation of comprehensive market standards for the identification, classification, and analysis of DLT- and blockchain-based cryptographic tokens. As an independent industry membership body, ITSA unites over 100 international associated founding members from various interest groups. In order to increase transparency and safety on global token markets, ITSA currently develops and implements the International Token Identification Number (ITIN) as a market standard for the identification of cryptographic tokens, the International Token Classification (ITC) as a standard framework for the classification of cryptographic tokens according to their inherent characteristics. ITSA then adds the identified and classified token to the world’s largest register for tokens in ourTokenbase.
TheInternational Token Identification Number (ITIN)is a 9-digit alphanumeric technical identifier for both fungible and non-fungible DLT-based tokens. Thanks to its underlying Uniform Token Locator (UTL), ITIN presents a unique and fork-resilient identification of tokens. The ITIN also allows for the connecting and matching of other media and data to the token, such as legal contracts or price data, and increases safety and operational transparency when handling these tokens.
TheInternational Token Classification (ITC)is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. By mid-2021, there will be at least two new dimensions added, including a tax dimension. So far, our classification framework has been applied to 99% of the token market according to market capitalization of classified tokens.
ITSA’sTokenbasecurrently holds data on over 9000 tokens. Tokenbase is a holistic database for the analysis of tokens and combines our identification and classification data with market and blockchain data from external providers. All these tokens have been classified based on their characteristics, which can be divided into four-dimensional groups: economic, technological, legal and regulatory. In total, the database includes nearly 1000 classified tokens, covering over 99.9% of the market capitalization of all crypto assets. Third-party data of several partners is already integrated with API access.