Melbourne, Australia, Could 15, 2023 — MRHB.Community, the world’s first halal and moral decentralized finance (DeFi) ecosystem, has launched its one-year efficiency report detailing the corporate’s many achievements throughout 2022.
“From Day One, our platform put ethics along with a trusted ‘neighborhood first’ mission — an idea whose significance was highlighted by the quite a few failures and frauds of 2022,” mentioned MRHB Founder and CEO Naquib Mohammed. “We’re persevering with to construct a protected and numerous crypto neighborhood that desires to take part on this extraordinary new sector that we hope will drive extra creativity, entrepreneurship, funding and commerce alternatives for all concerned.”
MRHB DeFi launched their $MRHB token in December 2021 in an oversubscribed IDO, elevating practically US$5 million from 1,000 buyers, 800 of whom got here by way of MRHB’s personal DeFi platform. Following are the startup’s subsequent highlights and milestones over the previous 12 months:
Merchandise and Structure — The Basis of the Imaginative and prescient
The previous 12 months noticed MRHB launch three world-first merchandise in halal DeFi:
Launched in February 2022, Sahal Pockets is the primary self-custodial and chain-agnostic cell crypto pockets that screens out non-halal tokens. Often called the ‘Straightforward Pockets’ due to its user-friendly interface, it additionally acts as a gateway to MRHB’s total ecosystem of halal DeFi merchandise. Obtainable on Android and iOS, Sahal Pockets has greater than 210,000 pockets activations throughout six chains, with tens of tens of millions of {dollars} in weekly transaction volumes. It has numerous helpful options together with fiat onramp, swaps, cross-chain bridges, biometrics, WalletConnect, NFT storage and is built-in with the next standard blockchains: Ethereum, BNB Chain, Polygon, Cronos, Fantom and Avalanche, with eight extra companion blockchains scheduled to be built-in by Q3 2023.
TijarX, which beta-launched in October 2022, is the primary halal DEX (decentralized change) constructed particularly for tokenized commodities. Initially focussed on very low threat wealth preservation, it at present provides gold and silver -backed tokens by bodily allotted bullion saved within the totally regulated vaults of Australia’s main bullion vendor, Ainslie. Offering tamper-proof and dependable value feeds from market-leading oracle answer, Chainlink, TijarX has reached over USD 400,000 in quantity.
SouqNFT is the primary halal NFT market and B2B NFT answer. Launched in December 2021, SouqNFT hosts picture NFTs in addition to the world’s first NFT-based halal compliance certificates, and helps minting of Soulbound tokens. SouqNFT is at present built-in with the BNB and Polygon blockchains, and following the upcoming launch of Souq V2 which is able to embody a complete UI/UX revamp, it should even be built-in with ETH, Fantom, Avalanche and CRO. Souq V2 can even see a spread of different new options added, together with (however not restricted to) secondary market help throughout all chains, an OpenAI and DreamFusion-integrated AI NFT artwork generator, and an NFT Mission Launchpad.
Along with the above three halal DeFi options, the startup has been exhausting at work constructing their subsequent two moral and halal wealth technology merchandise: EmplifAi, for simple investing in on-chain sources of revenue, and M.I.R.O. — brief for ‘MRHB Incentivization & Reward Providing’ — which, for the primary time will, permit the MRHB token holders to earn rewards in return for neighborhood participation. Each merchandise are anticipated to create a requirement driver for the utility token itself.
To raised align the neighborhood and workforce members, the MRHB Governance Board determined to delay token releases for MRHB DeFi workforce till after M.I.R.O. is launched.
Shariah Governance Board — The Soul of the MRHB Ecosystem
MRHB DeFi works very intently with their Shariah Governance Board (SGB) that critiques each single token and product on the platform for halal compliance, together with intricate analyses of each step of growth for the merchandise that MRHB creates. This ensures that every thing on the platform is appropriate for MRHB’s religion and ethics-conscious viewers, additionally essential for making partnerships with different halal tasks.
Over the previous 12 months, the SGB has overseen halal compliance for the MRHB utility token and all three product launches in addition to offered halal and moral screening for over 150 exterior protocols, tokens and merchandise, making MRHB DeFi the biggest halal ecosystem within the blockchain trade.
The SGB is additional concerned in creating academic and official documentation and coaching assets for MRHB, together with writing the primary publicly revealed paper regarding Shariah governance in DeFi, in addition to drafting the primary DeFi-related Shariah governance framework and Customary Operational Procedures (SOPs).
Partnerships and Investments — New Alternatives, New Capabilities
At the moment, the MRHB ecosystem is open to integrations with all third-party tasks, blockchains, and tokenized property which are deemed moral and halal with future plans to launch toolkits and venture incubators to actively help new founders and entrepreneurs.
After one 12 months in the marketplace, MRHB has secured over 30 strategic partnerships, together with with numerous centralized and decentralized exchanges (CEXes and DEXes), expertise and institutional companions.
“It’s a really difficult enterprise surroundings however the want for revolutionary monetary channels for higher monetary inclusion, freedom and system security has by no means been higher. International market stresses have crushed a number of very excessive profile centralized banks and crypto establishments, highlighting an actual want for DeFi. The bear market has allowed the devoted workforce to deal with constructing helpful merchandise and — regardless of token pressures — we’re seeing higher recognition of the MRHB venture’s ethics, high quality, transparency and credibility,” mentioned Khalid Howladar, Chairman, who leads MRHB’s institutional outreach. ”These in flip are driving many institutional partnerships and attainable expansions into actual property, commodities and the metaverse for 2023. We consider these will ship extraordinary long run worth and utility for each our neighborhood, companions and buyers.”
A couple of notable partnerships from the previous 12 months embody the next:
MRHB partnered with the youth wing of the Organisation of Islamic Cooperation (OIC) to determine a Blockchain Centre of Excellence in Istanbul the place they assist educate and help younger entrepreneurs from the 57 member states of the OIC within the blockchain trade. This partnership is enabled by way of MRHB’s participation within the Islamic Cooperation Youth Discussion board (ICYF) incubation program, an initiative supported by the Presidency of the Republic of Türkiye Funding Workplace and the Bilişim Vadisi Expertise Improvement Zone of the Republic of Türkiye.
Australia’s main bullion group, Ainslie Bullion, partnered with MRHB in Sep 2022 to onboard their bodily bullion-backed Gold & Silver Customary tokens to TijarX. These tokenized treasured metals are independently audited, insured by Lloyd’s of London, and saved in Australia’s Reserve Vault.
MRHB partnered with Polygon Expertise in late 2021 to optimize MRHB for the Polygon community. Polygon transactions are at present accessible on Sahal Pockets, and might be integrated in an upcoming decentralized philanthropy (DePhi) answer that may cowl Zakat and Waqf initiatives.
Along with the above, different companions and buyers embody Sheesha Finance, Australian Gulf Capital, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital Property, ZKSync, Acreditus Companions, EMGS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, amongst others.
By way of funding, MRHB has held personal gross sales for Seed, Strategic and non-dashboard Pre-Gross sales funding rounds, attracting over 1000 buyers from all around the world. As a result of market curiosity, the corporate is exploring choices round fairness fundraising.
Advertising and marketing and PR — Sharing MRHB’s Moral DeFi Story with the World
MRHB employs a big and lively advertising and marketing workforce, sustaining six social media platforms and 7 Telegram neighborhood channels in six totally different languages. The corporate, which has workforce members working in 17 totally different international locations 24 hours a day throughout time zones, attended over a dozen worldwide conferences in 2022 and held two massive promotional occasions which have attracted a supportive and really loyal neighborhood of over 95,000 individuals, most of whom are first-time buyers.
MRHB garnered widespread media curiosity and has been organically coated by notable media comparable to Forbes, Cointelegraph, Nasdaq.com, InvestorPlace, BeInCrypto, Cryptoslate and lots of others.
MRHB DeFi has gained numerous accolades, together with two World Enterprise Outlook awards in 2022 for ‘Most Moral DeFi Community Australia 2022’ and ‘Greatest New Islamic Crypto Platform Australia 2022’. Additionally they gained ‘Greatest New Islamic Crypto — 2022’ within the Crypto/FOREX class on the International Model Awards, and have been featured as considered one of ’10 Most Progressive International Muslim Blockchain & Metaverse Initiatives to observe in 2022’ by the California-based NPO Centre for International Muslim Life. The $MRHB token itself scored an ideal 10/10 rating in a complete audit by main cybersecurity agency Hacken.
Whereas the entire One Yr Efficiency report is barely accessible for MRHB buyers, the One Yr Highlights is obtainable right here: https://docsend.com/view/46myt8g49xcse2u9
About MRHB DeFi Community
MRHB DeFi Community is a halal, decentralized finance platform constructed to embody the true spirit of “Moral and Inclusive DeFi” by following faith-based monetary and enterprise ideas the place all excluded communities can profit from the total empowerment potential of DeFi.
The varied workforce contains researchers, technocrats, influencers, Islamic fintech specialists, enterprise entrepreneurs and trade professionals, who’ve all come collectively to make sure that MRHB DeFi prevails in a way that may impression society as an entire, basically bridging the hole between faith-conscious communities and the blockchain world.
MRHB DeFi Community Official Channels
Web site: https://mrhb.community
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Bulletins: https://t.me/marhabadefi_ANN
YouTube: https://www.youtube.com/c/MarhabaDeFi
Medium: https://medium.com/@mrhbdefi
LinkedIn: https://www.linkedin.com/firm/marhabadefi
Discord: https://discord.com/invite/DubSjKmkBX
Fb: https://www.fb.com/MRHBDeFi
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 Market: https://souq.mrhb.community
