Dubai, UAE, March 10, 2022 – MRHB DeFi Network, the world's first decentralized financial (DeFi) platform focused on providing ethical and halal cryptocurrency opportunities, is listing its $MRHB token on BitMart, a global centralized cryptocurrency exchange (CEX). This follows its current listing on the LBank Global exchange as well as the popular DEX, Pancakeswap.
Details of the MRHB tokens on BitMart are as follows.
Trading start time: March 10, 2022 at 0800 hours (EST)
Withdrawal time: 0700 hours (EST) on March 11, 2022
Trading Pairs: MRHB/USDT
With the launch of the token, MRHB and BitMart will join forces in a series of marketing promotions and incentives to increase awareness, boost trading activity and increase token liquidity.
"We are excited to offer a wide variety of tokens on our platform, and now our users will have the opportunity to trade $MRHB tokens, the first of its kind in Ethical DeFi," said a representative from BitMart. "$MRHB can play an important role in bringing new communities into the cryptocurrency that were previously excluded due to their beliefs, ethics or complexity."
In fact, MRHB DeFi does just that. The project's DeFi platform includes only cryptocurrencies and services that have passed a rigorous ethics and halal vetting process, allowing them to target communities that have hitherto been wary of cryptocurrencies. One such population is the 1.7 billion Muslim population, a financial market worth over $3 trillion that was for the most part absent from the cryptocurrency world until the launch of MRHB DeFi.
"Over the past few months, we have had a series of successful launches, including the IDO of our MRHB token – which traded above the launch price in a very volatile market. In addition, the unique Sahal wallet and SouqNFT marketplace have been well received by our community," said Naquib Mohammed, CEO of MRHB DeFi. "Listing on BitMart will help us significantly increase our platform exposure and bring our growing ethical-first DeFi platform to a broader audience."
BitMart was founded in 2018 and has five international offices in Asia and North America. The exchange has more than 5 million users, offers more than 800 trading pairs, and has a daily trading volume of more than $1.5 billion traded on BitMart.
The DeFi portal for everyone
Last month, MRHB.Network launched their Sahal wallet, an uncustodial wallet that acts as a gateway to the entire MRHB DeFi ecosystem. Notably, the wallet only supports halal, ethical cryptocurrency tokens – allowing all ethically challenged users to transact with peace of mind.
Naquib emphasizes that the platform is not just for Muslims – it is for anyone who is concerned with making sound ethical financial decisions.
"Being 'Halal' certified means that we also follow only ethical business practices," Naquib said. "This includes factors such as avoiding usury and social exploitation, as well as supporting sustainability and transparency. But what's important here is that they are universally appealing principles that are easily accepted by everyone, regardless of faith."
As a DeFi platform for the masses, MRHB's many financial services are linked to Sahal Wallet and allow easy, user-friendly access to decentralized financial opportunities.
"It's important to us that our platform is easy to access and easy to use," Naquib said. "Many of the people in our community are first-time cryptocurrency users. Most people agree that user-friendliness is not currently an advantage in the cryptocurrency industry – and we aim to change that."
The MRHB DeFi team is hard at work rolling out their ambitious roadmap. Upcoming products and services, including a liquidity harvester offering 5% – 15% passive yield, a cross-chain DEX aggregator, a full platform dedicated to decentralized philanthropy (DePhi), interest-free cryptocurrency funding, and an entrepreneur Launchpad, are scheduled to launch in the next few months through the second quarter of 2023.
The ethical startup is backed by a number of partners and investors including Polygon Technology, Sheesha Finance, Australian Gulf Capital, NewTribe Capital, BlockchainAustralia, Mozaic, Contango Digital Assets, ZKSync, Acreditus Partners, EMGS Group, Masary Capital, Sinofy Group, Sukhavati Protocol and MKD Capital, among others.
Network is a halal, decentralized financial platform designed to embody the true spirit of "ethical and inclusive DeFi", following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.
The diverse team includes researchers, technologists, influencers, Islamic fintech experts, and business entrepreneurs who have come together to ensure that MRHB DeFi thrives in a way that impacts society as a whole, essentially bridging the gaping world between the faith-based community and the blockchain.
BitMart Exchange is the world's premier digital asset trading platform with over 5 million users worldwide and is ranked among the top cryptocurrency exchanges on CoinMarketCap. BitMart currently offers over 800 pairs and has one of the lowest transaction fees in the market. To learn more about BitMart, visit their website, follow them on Twitter or join their newsletter for more updates on news and promotions. Download the BitMart App to trade anytime, anywhere.
MRHB.Network official channel
Telegraphic Announcement: https://t.me/marhabadefi_ANN
Telegram (Arabic): https://t.me/mdf_arabic
Telegram (in Russian): https://t.me/marhabadefi_russia
Telegram (in Turkish): https://t.me/MarhabaDefiTR
Telegram (in Persian): https://t.me/mrhbdefi_persian
Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi
SouqNFT Marketplace: https://souq.mrhb.network