Hazam, the world's first Arabic cryptocurrency, has seen record price appreciation since its launch in July. The coin, backed by several unique projects, including Crypto Souq for purchasing goods and services with crypto, is attracting asset managers, private equity players, and retail investors. HZM is built on the Ethereum blockchain and is transitioning the way people use crypto. Its use cases include sports betting, buying and selling virtual lands, and a range of games. The founders burned 9.67 billion coins out of 100 billion, leaving 3.93 billion. The coin aims to have only 3 billion left on the market.