Dubai, United Arab Emirates, 10 June 2022 — An ethics-focused decentralized financial platform MRHB.Network have announced the world’s first three product/feature launches along with dozens of new enhancements to be added to their halal DeFi platform in the next six months. This announcement comes along with more than a dozen developments to be added from August onwards, paving the way for another four major products to launch next year.
“MRHB DeFi Network has a very strong roadmap to rapidly build a full-featured DeFi ecosystem of ethical and halal finance solutions. The developments we are rolling out this summer will bring a wide range of functionality and utility to our platform, which we are happy to bring to our community,” said Naquib MuhammadCEO and founder of the project.
“Whether the market goes up or down, MRHB continues to #BUIDL and contributes to the development of the entire blockchain ecosystem. We are 100 percent committed to our revolutionary long-term vision – MRHB will emerge as a leader in a sea of dense projects,” said Naquib.
‘Absolutely Halal’ DeFi Solutions: Liquidity Harvester, MIRO and CommDex
Two new but highly anticipated crypto wealth products launched in Q3 – Q4 include Liquidity Harvester to generate passive income/wealth and MIRO (Marhaba Incentivization & Reward Offerings), the world’s first halal DeFi staking solution.
MRHB DeFi solution architect, Deniz DalkilicThe CTO of MRHB, explained:
“Our technology team has spent almost 6 months with the Shariah Governance Board (‘SGB’) to find a crypto solution that is truly halal in substance — not just in form.”
Many income products in crypto rely on interest-based lending and lending strategies that are seen as usurious and possibly exploitative in an ethics-focused ecosystem.
Deniz continued, “Instead, we will be using a very different approach for our end users where they can harvest rewards from various basic protocols that SGB deems lawful. Harvester will also provide manual (active) or automatic (passive) functionality options and if you participate in the staking program you can access better options or be given early access to certain VIP strategies, as well as many other perks based on the amount and tier you are locked in. . For MIRO, locked token rewards are based on a tiered incentive betting model.”
The MRHB community can also look forward to the pioneering ‘CommDex’ feature, a decentralized exchange for commodity-backed tokens, which will be accessible via legitimate walletThe world’s first self-contained multi-chain wallet created specifically for storing halal tokens.
“With CommDex, we are providing physically backed gold and silver tokenization – With this token, you buy one gram of actual physical gold or silver, stored in our gold bullion or partner vault, said Deniz. “Starting with gold and silver universal wealth preservation solutions, we will expand to other physical commodities such as wheat, corn and iron.”
Other highly anticipated technological developments include integration for Sahal Wallet such as Bitcoin compatibility, reverse transactions, and gamification features.
The summary of the development roadmap from May to the next few months is as follows:
- May 2022: legitimate wallet – Token display and backend upgrade for Sharia coin API and admin panel; SouqNFT – NFT Reporting added; Liquidity Harvester Version 1 (active management)
- June 2022: legitimate wallet – Price charts and integration with Avalanche and NFT; referral program; Liquidity Harvester – testing, auditing and IRO risking integration; MIRO – development of token staking and voting contracts and UI portal
- July 2022: CommDEX – launch with gold and silver tokens; legitimate wallet – integration with Bitcoin, Fantom and RSK. SouqNFT – Fantom integration, fiat onramp, GAN based art tools, suggestive search; Liquidity Harvester Version 2 (passive) – Improved UI
- August 2022 onwards: IRO – in-wallet bets, NFT and incentive levels; legitimate wallet – gamification mining tab, reversible transactions, localization to five new languages, multiple wallet capability, integration with Liquidity Harvestr Version 1, ZKSync and Arbitrum; SouqNFT – unique NFT checker and reverse image search; Liquidity Harvester Version 2 – testing, auditing and MIRO risking integration
Khalid Howladarwho chaired the Advisory Board at MRHB, noted, “We are still in the early stages of our ambitious vision of an ethical ecosystem product suite. Ultimately, the team hopes to provide the community with safe and easy access to a variety of robust Halal DeFi services from one trusted portal.”
The Road to Marhaba, The World’s First Halal DeFi Platform
MRHB — pronounced ‘Marhaba’, which means ‘welcome’ in Arabic — was founded to serve more than 1.8 billion people who care about making ethical financial decisions — an industry first. This includes the world’s Muslim population, a demographic that represents a huge $3 trillion market that was previously excluded from the cryptocurrency space due to the lack of halal options in the industry.
MRHB DeFi Network meets this need by placing every token, product and service on its platform through a strict halal vetting process, ensuring ethical business practices are followed at every step.
The company launched their MRHB token in December 2021 on an oversubscribed IDO that generated over US$5.5 million in funding. More than 85 percent of their investors are members of their own enthusiastic community of more than 60,000 supporters from 106 different countries.
Last month, MRHB DeFi Network won Global Brand Award for “Best New Islamic Crypto Platform” (Crypto/FOREX category). MRHB tokens too superior on Nasdaq and InvestorPlace as a “crypto killer” in January 2022 and March 2022. In another first, Sharia Experts launched The world’s first NFT based halal certification on MRHB SouqNFT platforms.
MRHB’s ambitious product launch roadmap for 2023 which will see four key products and services added to the platform. This includes:
- Interest-free crypto financing to provide decentralized access to usury-avoiding halal loans
- Entrepreneur launch pad to provide a gateway for the less fortunate to realize their dreams
- Entire platform dedicated to decentralized philanthropy (DePhi)
- Decentralized autonomous governance (DAG) for end-to-end financial transparency
Following the launch of these four products, Marhaba plans to migrate to their own Layer-1 blockchain.
MRHB DeFi Network’s vision is supported by a number of partners and investors, including Polygon Technology, Sheesha Finance, Capital of the Gulf of Australia, New Tribal Capital, Australian Blockchain, Mosaic, Contango Digital Assets, ZKSync, Accredited Partner, EMS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, among others.
About MRHB De DeFi Network
MRHB DeFi Network is a halal decentralized finance platform built to embody the true spirit of “Ethical and Inclusive DeFi” by adhering to the principles of faith-based finance and business where all excluded communities can benefit from DeFi’s full empowering potential.
A diverse team of researchers, technocrats, influencers, Islamic fintech experts, business entrepreneurs, and industry professionals, all come together to ensure that MRHB DeFi applies in a way that will impact society as a whole, essentially bridging the gap between the faith consciousness of the community. and the blockchain world.
DeFi Network Official Channel MRHB
Telegram Announcement: https://t.me/marhabadefi_ANN
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (Russia): https://t.me/marhabadefi_russia
Telegram (Turkey): https://t.me/MarhabaDefiTR
Telegram (Persian): https://t.me/mrhbdefi_persian
Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi
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