What Is Isiklar Coin (ISIKC)? A Real-World Look at This Corporate Loyalty Token
Isiklar Coin (ISIKC) isn’t another speculative crypto project chasing hype. It’s a utility token built for one specific purpose: managing loyalty rewards within a Turkish construction company’s supply chain. If you’re wondering whether ISIKC is worth your time, the answer depends on whether you’re a supplier to ISIKLAR HOLDING - or just a crypto investor looking for the next big gain. For most people, it’s neither.
What Exactly Is Isiklar Coin?
Isiklar Coin (ISIKC) is an ERC20 token built on the Ethereum blockchain. It was launched in 2019 by ISIKLAR HOLDING, a major Turkish construction and real estate firm, through its Bulgarian subsidiary, Isiklar Coin Bulgaria LTD. Unlike Bitcoin or Ethereum, ISIKC doesn’t aim to be money. It doesn’t even try to be a decentralized finance tool. It’s a digital loyalty point - but one that runs on blockchain.
Here’s how it works: suppliers, contractors, and partners who do business with ISIKLAR HOLDING earn ISIKC tokens as rewards for meeting performance targets, delivering on time, or hitting quality benchmarks. These tokens can be traded, held, or used to access services within the company’s ecosystem. The whole system is powered by smart contracts that automatically issue tokens when conditions are met - no paperwork, no delays, no middlemen.
The token’s contract address is 0x42726d074bba68ccc15200442b72afa2d495a783. To hold ISIKC, you need any Ethereum-compatible wallet like MetaMask. You just add the contract address manually, and your wallet recognizes the token. That’s it.
Who Created It - And Why?
The idea behind ISIKC traces back to Turgut Isık, a Turkish entrepreneur who passed away in 1991. He envisioned a foundation focused on education and health for underprivileged communities. His family turned that vision into reality, and in 2019, they tied the new cryptocurrency to that mission.
Here’s the twist: 100% of the profits from ISIKC’s transaction fees, donations, and interest on token deposits go to the Turgut Isık Foundation. That means every time someone trades ISIKC, a small cut helps fund scholarships for Turkish high school students and health aid for low-income families. That’s not a marketing gimmick - it’s baked into the token’s economics. According to the foundation’s 2022 report, they distributed $187,000 in aid that year.
So while ISIKC is a corporate tool, it’s also quietly supporting social causes. That’s rare in crypto.
How Many ISIKC Tokens Are There?
There’s some confusion here because different sources give different numbers.
- Isikc.io claims 100,500,000 tokens were offered for sale during the 2018 pre-sale.
- CoinGecko lists a total supply of 100,000,000.
- The maximum circulating supply is listed as 175,500,000 - meaning more tokens could be released over time.
As of mid-2023, the market cap hovered around $24.8 million, with each ISIKC trading at roughly $0.25. That puts it far outside the top 500 cryptocurrencies by market cap. For comparison, Bitcoin’s market cap is over $1 trillion. ISIKC is a drop in the ocean.
Where Can You Buy ISIKC?
You won’t find ISIKC on Coinbase or Kraken. It’s listed on smaller exchanges, mostly in Europe and Asia. The two biggest trading pairs are:
- LBank: ISIKC/USDT - $706,695 daily volume (as of June 2023)
- Binance: ISIKC/USDT - $453,925 daily volume
That’s not a lot. Bitcoin trades over $20 billion daily. ISIKC’s volume is less than 0.003% of that. Liquidity is thin. If you try to sell a large amount, you’ll likely drag the price down.
There’s no official app. No wallet integration beyond standard Ethereum wallets. No easy way to buy with a credit card. You need to already have USDT or ETH, transfer it to one of the supported exchanges, then swap it for ISIKC.
Is ISIKC a Good Investment?
If you’re asking that question, you’re probably not the target user.
ISIKC’s value isn’t tied to speculation. It’s tied to ISIKLAR HOLDING’s business. If the company grows, more suppliers join, and more tokens are earned and traded - the token’s utility increases. If ISIKLAR HOLDING faces financial trouble? So does ISIKC.
Analysts have been blunt. CoinMarketCap called it a “utility token powering a loyalty program for a single company.” Crypto analyst Michael van de Poppe labeled it an example of “corporate tokens attempting blockchain integration without clear value expansion.” Ethereum developer Alex Vlasov said its smart contract “lacks innovative features.”
It’s not a bad project. It’s just not designed for investors. It’s designed for suppliers.
Who Actually Uses ISIKC?
Real users aren’t crypto traders. They’re Turkish small businesses that supply materials to ISIKLAR HOLDING.
On Reddit, a user named CryptoTurk87 said: “As a supplier, ISIKC cuts our reward processing time from weeks to seconds. But the price swings make it hard to plan.”
Another user, SupplyChainAnalyst, reported that businesses using ISIKC saw an 18.7% drop in loyalty program administration costs. That’s real savings - no accountants, no spreadsheets, no disputes.
But international partners? They struggle. Exchange rate volatility makes it hard to set fixed reward values. One supplier told CoinDesk their ISIKC rewards lost 12% of their USD value in a single month. That’s not sustainable for long-term contracts.
What Are the Risks?
Three big ones:
- Single-company dependency: If ISIKLAR HOLDING’s construction projects slow down, fewer tokens are issued. Demand drops. Price falls.
- Limited liquidity: With only two exchanges offering decent volume, selling large amounts is risky. You might not find buyers.
- Low awareness: Outside of Turkey’s construction industry, almost no one knows what ISIKC is. No marketing. No media coverage. No community growth.
Also, the token’s price has dropped 84.9% from its all-time high in BTC terms. That’s not a crash - it’s a slow fade. The lowest point was BTC 0.000061980. It’s now 1,773% above that - but that’s still a tiny fraction of its peak.
How Does It Compare to Other Corporate Tokens?
ISIKC isn’t alone. Companies like VeChain (VET) and Waltonchain (WTC) use blockchain for supply chain tracking. But they’re global, with dozens of enterprise clients. ISIKC? It’s just one company.
VeChain’s market cap is $3.8 billion. ISIKC’s is $24.8 million. That’s 150 times smaller. Waltonchain is 7 times bigger. ISIKC doesn’t compete on scale - it competes on specificity.
It’s like comparing a custom-made wrench for one type of bolt to a full hardware store. The wrench works perfectly for its job. But if you need to fix something else? You’re out of luck.
Is ISIKC Legal?
Yes. It’s registered in Bulgaria, which means it falls under the EU’s MiCA (Markets in Crypto-Assets) framework. That’s a good thing. MiCA requires transparency, clear token classification, and issuer accountability. ISIKC is classified as a utility token, not a security. That means it’s not subject to the same strict rules as stocks or investment funds.
But being legal doesn’t mean it’s safe. Legal tokens can still lose all value. The EU’s rules protect you from fraud - not bad business models.
Should You Buy ISIKC?
Only if one of these is true:
- You’re a supplier or partner of ISIKLAR HOLDING and you’re getting ISIKC as a reward.
- You believe the Turkish construction industry will adopt blockchain loyalty systems at scale - and ISIKC will be the leader.
- You’re comfortable holding a token with low liquidity, no mainstream adoption, and value tied to one company’s fortunes.
If you’re just looking to diversify your crypto portfolio? Skip it. There are hundreds of tokens with better liquidity, stronger teams, and broader use cases.
If you’re curious about how real businesses use crypto? ISIKC is a fascinating case study. It’s not flashy. It doesn’t promise moonshots. But it’s real. And that’s rare.
What’s Next for ISIKC?
The 2019 roadmap promised global expansion beyond ISIKLAR HOLDING. Nothing has happened. No partnerships announced. No new features. No upgrades to the smart contract.
Some analysts think niche loyalty tokens like ISIKC could grow 22% by 2025 as more companies experiment with blockchain for supply chains. But that’s a big “if.” Most corporate tokens fail because they can’t attract users outside their own ecosystem.
For now, ISIKC survives because ISIKLAR HOLDING still needs it. And the Turgut Isık Foundation still gets its donations. That’s enough to keep it alive - but not enough to make it big.
Is Isiklar Coin (ISIKC) a scam?
No, ISIKC is not a scam. It’s a real token backed by a functioning Turkish construction company and a registered foundation. The smart contract is public, the team is identifiable, and funds are used for verified charitable purposes. But being real doesn’t mean it’s valuable or safe. Many legitimate projects still lose money.
Can I mine ISIKC?
No, you cannot mine ISIKC. It’s an ERC20 token on Ethereum, which means it’s not mined like Bitcoin. All tokens were created at launch, and new ones can only be issued by the contract owner under preset rules. You can only get ISIKC by buying it on exchanges or earning it as a reward from ISIKLAR HOLDING partners.
How do I store ISIKC safely?
Store ISIKC in any Ethereum-compatible wallet like MetaMask, Trust Wallet, or Ledger. You must manually add the contract address (0x42726d074bba68ccc15200442b72afa2d495a783) to your wallet. Never send ISIKC to a wallet that doesn’t support ERC20 tokens - you’ll lose it. Never share your private key. Use hardware wallets for large holdings.
Why is ISIKC’s price so low?
ISIKC’s price is low because its demand is limited. It’s not traded widely. Most people who own it are suppliers who use it internally, not speculators. With only $700K in daily trading volume, even small sell orders can cause big price drops. It’s not undervalued - it’s simply not in high demand.
Does ISIKC have a future?
Its future depends entirely on ISIKLAR HOLDING. If the company grows and expands its partner network, ISIKC could gain traction. If the company stagnates or faces financial trouble, the token will likely fade. There’s no public roadmap, no development team updates, and no signs of adoption beyond its current ecosystem. It’s a quiet, niche project - not a revolutionary one.
isikc? more like isick. why would anyone trade this when you can just get paid in lira and laugh all the way to the bank
so it’s a loyalty card but on blockchain. cool. i guess that’s like putting a qr code on a spaceship.
i love that this is quietly helping kids in turkey. sometimes the most meaningful crypto isn’t the one that mooned, it’s the one that just kept doing good without screaming about it.
It’s fascinating how a token designed for hyper-specific utility can still carry unintended social value. The fact that transaction fees fund education suggests a rare alignment between corporate efficiency and humanitarian intent. Most blockchain projects claim to be ‘for the people’-this one actually is, just not in the way most investors expect.
This is the most responsible crypto project i’ve ever seen. Everyone else is out here selling dreams and rug pulls, and here’s a company quietly building real value and giving back. You people are out here chasing memecoins while this token quietly feeds children. Shame on you.
as someone from india, i see this and think-why don’t we have something like this? small suppliers here get paid late, paperwork kills them. this could work wonders if someone tried it here with local giants. no hype, just help.
bro this is literally the only crypto that doesnt make me wanna scream into a pillow. imagine if all tokens were this chill. no moon, no lambo, just real people getting paid faster and kids getting books. i’m crying