Leading Halal DeFi MRHB Project Will Release Passive Solutions for Crypto Revenue, Commodity Trading, and Staking

Dubai, United Arab Emirates, June 10, 2022 – Decentralized finance platform focused on ethics MRHB. Network announced three product / feature launches for the first time in the world along with dozens of new enhancements to be added to its halal DeFi platform over the next six months. This announcement comes along with over a dozen other developments to be added from August onwards, which will pave the way for the launch of four more major products next year.

“MRHB DeFi Network has a very strong roadmap to rapidly build a complete DeFi ecosystem of ethical and halal financial solutions. The developments we are rolling out this summer will bring a wide range of features and utilities to our platform, which we are very excited to introduce to our community, “he said. Naquib MuhammadCEO and founder of the project.

Regardless of whether the markets are bullish or bearish, MRHB continues to #BUIDL and contributes to the development of the entire blockchain ecosystem. We are 100% committed to our revolutionary long-term vision: MRHB will emerge as a leader from a crowded sea of ​​projects”Declared Naquib.

“Truly Halal” DeFi Solutions: Liquidity Harvester, MIRO and CommDex

The two new but highly anticipated cryptocurrency products that will be launched in the third quarter and fourth quarter include the Liquidity Harvester to generate passive income / wealth and MIRO (Marhaba Incentivization & Reward Offerings), the world’s first halal DeFi staking solution.

MRHB DeFi Solutions Architect, Deniz DalkilicCTO of MRHB explained:

Our technical team spent nearly 6 months with the Shariah Governance Board (“SGB”) to find cryptographic solutions that are truly halal in substance, not just in form. ”

Many cryptocurrency income products rely on interest-based lending and lending strategies that are seen as usurious and possibly exploitative in the ethics-focused ecosystem.

Deniz continued: “Instead, we will use a very different approach for our end users where they can reap rewards from the different underlying protocols that are considered halal by the SGB. The harvester will also provide the option of manual (active) or automated ( passive) and if you participate in the staking program, you can access better options or have early access to certain VIP strategies, as well as many other benefits based on the blocked amount and level. For MIRO, the reward of blocked tokens is based on a staking model with multi-level incentives “.

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The MRHB community can also expect the pioneering “CommDex” feature, a decentralized exchange of commodity-backed tokens, which will be accessible via the Sahal walletthe world’s first self-detaining multi-chain wallet made specifically to hold halal tokens.

“With CommDex, we are tokenizing gold and silver with physical support – with these tokens, you are buying one gram of physical gold or real silver, stored in the bars or vaults of our partners”Deniz said. “Starting with the universal solutions of preserving the wealth of gold and silver, we will expand to other physical products such as wheat, corn and iron.”

Other highly anticipated technology developments include integrations for Sahal Wallet such as Bitcoin compatibility, reversible transactions, and gamification features.

A summary roadmap for developments starting in May over the next few months is as follows:

  • May 2022: Sahal wallet – Display of tokens and update of the backend for the API and the admin panel of Shariah coins; SouqNFT – Added NFT signaling; Cash harvester Version 1 (active management)
  • June 2022: Sahal wallet – Price tables and integrations with Avalanche and NFT; a referral program; Cash harvester – testing, auditing and IRO staking integration; MIRO – development of staking tokens and voting contracts and a UI portal
  • July 2022: CommDEX – spear with gold and silver tokens; Sahal wallet – integrations with Bitcoin, Fantom and RSK. SouqNFT – Fantom integration, a fiat ramp, GAN-based artistic tools, suggestive research; Cash harvester Version 2 (passive) – UI update
  • August 2022 and later: IRO – in-wallet staking, NFTs and incentivized tiers; Sahal wallet – a gamification mining card, reversible transactions, localization in five new languages, multi-wallet capability, integrations with Cash collectionr Version 1, ZKSync and Arbitrum; SouqNFT – a single NFT control and reverse image search; Cash harvester Version 2: testing, auditing and MIRO staking integration
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Khalid Howladarwho leads the Advisory Board of MRHB, noted: “We are still in an early stage of an ambitious vision of a suite of ethical ecosystem products. Ultimately, the team hopes to provide the community with easy and secure access to a wide range of robust halal DeFi services from a trusted portal.. “

The Road to Marhaba, the world’s first DeFi Halal platform

MRHB – pronounced “Marhaba”, which means “welcome” in Arabic – was founded to serve more than 1.8 billion people concerned with making ethical financial decisions, a first in the industry. This includes the world’s Muslim population, a demographic that represents a huge US $ 3 trillion market that had previously been 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 rigorous halal verification process, ensuring that ethical business practices are followed at every stage of the process.

The company launched its MRHB token in December 2021 in an over-subscribed IDO that resulted in more than $ 5.5 million in funding. Over 85% of their investors are members of their enthusiastic community of over 60,000 supporters from 106 different countries.

Last month, MRHB DeFi Network won the Global brand awards for “Best New Islamic Crypto Platform” (Crypto / FOREX category). The MRHB token was also In the foreground on Nasdaq and InvestorPlace as a “crypto killer” in January 2022 and March 2022. In another first, Shariah Experts launched the world’s first halal certification based on NFT on MRHB SouqNFT platform.

MRHB’s ambitious product launch roadmap for 2023, which will see the addition of four core products and services to the platform. These include:

  • Interest-free crypto lending to provide decentralized access to halal loans that avoid usury
  • A springboard for entrepreneurs to provide a gateway for the less fortunate to make their dreams come true
  • An entire platform dedicated to decentralized philanthropy (DePhi)
  • Decentralized Autonomous Governance (DAG) for end-to-end financial transparency
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Following the launch of these four products, Marhaba plans to migrate to its own Layer-1 blockchain.

MRHB DeFi Network’s vision is supported by numerous partners and investors, including Polygonal technology, Sheesha Finance, Capital of the Australian Gulf, NewTribe Capital, Blockchain Australia, Mozaico, Contango digital assets, ZKSync, Acreditus partner, EMGS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, among others.

Information on the DeFi MRHB network

MRHB DeFi Network is a halal and decentralized financial platform built to embody the true spirit of “ethical and inclusive DeFi” by following faith-based financial and business principles in which all excluded communities can benefit from the full empowerment potential of DeFi.

The diverse team includes researchers, technocrats, influencers, Islamic fintech experts, entrepreneurs and industry professionals, who have come together to ensure that DeFi MRHB prevails in a way that will impact society as a whole, essentially bridging the gap between faith community and the blockchain world.

Official channels of the MRHB DeFi network

Website: https://mrhb.network
Twitter: https://twitter.com/marhabadfi
Telegram: https://t.me/mdf_official
Telegram Ads: https://t.me/marhabadefi_ANN
Youtube: https://www.youtube.com/c/MarhabaDeFi
Medium: https://medium.com/@mrhbdefi
LinkedIn: https://www.linkedin.com/company/marhabadefi
Discord: https://discord.com/invite/DubSjKmkBX
Facebook: https://www.facebook.com/MRHBDeFi
Telegram (Arabic): https://t.me/mdf_arabo
Telegram (Russian): https://t.me/marhabadefi_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR
Telegram (Persian): https://t.me/mrhbdefi_persiano
Telegram (Urdu / Hindi): https://t.me/MRHBDeFi_Urdu_Hindi
SouqNFT Market:

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