United Arab Emirates, Dubai, June 10, 2022 — Ethics-focused decentralized financial platform MRHB.Network announces the launch of the world’s first three products / features and dozens of new extensions to be added to the Halal DeFi platform within the next six months. did. The announcement will be accompanied by more than 12 developments added after August, paving the way for the launch of four other major products next year.
“The MRHB DeFi network has a very strong roadmap to quickly build a full-featured DeFi ecosystem of ethical and halal financial solutions. With developments unfolding this summer, the platform will have a variety of features and utilities. We are very pleased to be able to bring this to the community and present it to the community, “said Naquib Mohammed, project CEO and founder.
“”Whether the market is up or down, MRHB will continue to #BUIDL and contribute to the development of the entire blockchain ecosystem.We are 100% committed to an innovative long-term vision – MRHB will be a leader from the sea of crowded projects“Nakib declared.
“Truly Hallal” DeFi Solution: Liquidity Harvester, MIRO, CommDex
Two new and long-awaited crypto asset products to be launched in the third and fourth quarters include: Liquidity Harvester and MIRO to Generate Passive Income / Wealth (Marhaba Incentivization & Reward Offerings), the world’s first Halal DeFi staking solution.
Deniz Dalkilic, CTO of MRHB, Architect of MRHB DeFi Solutions, explains:
“”Our technical team spent almost six months with the Shariah Governance Board (‘SGB’) to find a cryptographic solution that was virtually halal as well as formal. ”
Many cryptocurrency income products rely on interest-based borrowing and lending strategies, which are considered usury in an ethical ecosystem and are probably exploitative.
Dennis goes on to say: “Instead, we can use a very different approach to end users and earn rewards from various underlying protocols that SGB considers to be halal. Harvester is a manual (active) or automatic (passive) feature. We also offer options. Joining the staking program gives you access to better options and early access to specific VIP strategies and many other perks. Locked Amounts and Tiers. For MIRO , Locked-up token rewards are based on a staking model with step-by-step incentives. “
The MRHB community is also looking forward to the pioneering “CommDex” feature, which is a decentralized exchange of tokens backed by commodities. It is accessible from Sahal Wallet, the world’s first self-cast dial multi-chain wallet specially made to hold halal tokens.
“Use CommDex to tokenize physically lined gold and silver – With these tokens, you will buy the actual physical gold or silver grams stored in your partner’s bullion or vault.“Dennis said. “Starting with a universal wealth protection solution for gold and silver, we will expand to other physical commodities such as wheat, corn and iron.”
Other long-awaited technological developments include the integration of Sahal Wallet, including Bitcoin compatibility, reversible transactions and gamification capabilities.
The outline roadmap for development from May to several months is as follows.
- May 2022: Saharu wallet – Shariahcoins API and admin panel token display and backend upgrades. SouqNFT – An NFT report has been added. Liquidity harvester Version 1 (active management)
- June 2022: Saharu wallet – Integration of price charts with Avalanche and NFT. Referral program. Liquidity harvester – Testing, auditing, and IRO Steak integration; MIRO – Development of staking tokens and voting contracts and UI portals
- July 2022: CommDEX – Activate with gold and silver tokens; Saharu wallet – Integration with Bitcoin, Phantom and RSK. SouqNFT – Phantom integration, fiat money, GAN-based art tools, thought-provoking search. Liquidity harvester Version 2 (passive) – UI upgrade
- After August 2022: IRO – Layers given staking, NFT, and incentives in the wallet. Saharu wallet – Gamification mining tab, reversible transactions, localization to 5 new languages, multiple wallet capabilities, Liquidity harvestr Version 1, ZKSync and Arbitrum. SouqNFT – Unique NFT checker and reverse image search. Liquidity harvester Version 2 – Testing, Auditing, and MIRO Steak integration
Khalid Howladar, who heads the MRHB Advisory Board, said:We are in the early stages of our ambitious vision of being a product of the ethical ecosystem suite. Ultimately, the team wants to provide the community with secure and easy access to a variety of robust Halal DeFi services from one trusted portal... “
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 concerned about making the industry’s first ethical financial decision. I did. This includes the Islamic population of the world. This is a demographic showing a huge US $ 3 trillion market that was previously excluded from the cryptocurrency space due to the lack of halal options in the industry.
The MRHB DeFi Network meets this need by placing all tokens, products and services on the platform through a rigorous Halal review process to ensure that ethical business practices are implemented at every stage.
The company launched the MRHB token at the oversubscribed IDO in December 2021 with over US $ 5.5 million in funding. Over 85% of investors are members of an enthusiastic community of over 60,000 supporters from 106 countries.
Last month, MRHB DeFi Network won the Global Brand Award for “Best New Islamic Crypto Platform” (Crypto / FOREX category). The MRHB token was also introduced in January 2022 and March 2022 as a “killer crypto” at Nasdaq and Investor Place. In another first example, Shariah Experts launched the world’s first NFT-based halal certification on MRHB’s Souq NFT platform.
MRHB’s ambitious product launch roadmap for 2023 to see the four major products and services added to the platform. These include:
- Interest-free cryptocurrency lending to provide decentralized access to halal loans to avoid usury
- An entrepreneurial lunch pad that provides a gateway for underprivileged people to realize their dreams
- Overall platform dedicated to decentralized philanthropy (DePhi)
- Decentralized Autonomous Organization (DAG) for End-to-End Financial Transparency
Following the launch of these four products, Marhaba will move to its own Layer 1 blockchain.
The vision of the MRHB DeFi Network is by many partners and investors such as Polygon Technology, Sheesha Finance, Australian Gulf Capital, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital Assets, ZKSync, Acreditus Partners, EMGS Group, Sinofy Group and Sukhavati Protocol. Supported. Especially MKD Capital.
About MRHB DeFi Network
The MRHB DeFi Network is an “ethical and comprehensive DeFi” by following belief-based financial and business principles where all excluded communities can benefit from the full empowerment potential of DeFi. Halal’s decentralized financial platform built to embody the true spirit.
The diverse team consists of researchers, technicians, influencers, Islamic Fintech experts, business entrepreneurs, and industry experts, with MRHB DeFi influencing society as a whole and being essentially religious. We guarantee that it will spread in a way that fills the gap. The world of community and blockchain.
MRHB DeFi Network Official Channel
Website: https: //mrhb.network
Telegram: https: //t.me/mdf_official
Telegram Notice: https: //t.me/marhabadefi_ANN
Medium: https: //medium.com/@mrhbdefi
Discord: https: //discord.com/invite/DubSjKmkBX
Telegram (Arabic): https: //t.me/mdf_arabic
Telegram (Russian): https: //t.me/marhabadefi_russia
Telegram (Turkish): https: //t.me/MarhabaDefiTR
Telegram (Persian): https: //t.me/mrhbdefi_persian
Telegram (Urdu / Hindi): https: //t.me/MRHBDeFi_Urdu_Hindi
SouqNFT Marketplace: https: //souq.mrhb.network
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