Dubai, U.A.E., twenty seventh July, 2022 — MRHB.Community, the primary decentralized finance platform dedicated to supporting moral and halal crypto merchandise, has listed the $MRHB token on the Bitlocus crypto alternate and now affords EUR buying and selling in opposition to its native token. Along with its USDT pair, the brand new buying and selling pair MRHB/EUR is a part of the halal token’s foray into European markets, enabling crypto customers to make on the spot fiat-crypto conversions.
Bitlocus is the fourth international centralized alternate to record MRHB, together with LBank, BitMart and CoinTiger. The token will also be traded on PancakeSwap, a number one decentralized alternate.
“This itemizing on Bitlocus marks one other milestone for MRHB and we’re happy to broaden our vary and provide token holders the choice to commerce $MRHB in opposition to the EUR,” mentioned MRHB DeFi Community CMO, Umut David Gulasi. “Reducing the obstacles to purchasing crypto with fiat is a vital step in onboarding extra customers. By offering a bridge between crypto and fiat, we are able to provide a extra handy and higher buying and selling expertise for our neighborhood, taking us a step nearer towards mass adoption of $MRHB.”
The itemizing in Bitlocus comes as a part of a long run and wider partnership between the 2 entities, the place Bitlocus will facilitate MRHB enlargement to the European markets by means of the providers and merchandise of its numerous sister entities. By the way, Bitlocus has been one of many earliest allies and supporters of the MRHB Workforce since its ideation section.
“MRHB DeFi Community is a extremely revered DeFi challenge seeking to make the cryptoverse a greater place. We’re delighted to record their MRHB token on our alternate to assist communities on the lookout for moral cryptocurrency options,” mentioned Andrius Normantas, CEO at Bitlocus.
The Bitlocus cryptocurrency alternate was based in 2018. Primarily based and registered in Lithuania, they’re below the strict, reliable regulation of the EU. Bitlocus affords spot buying and selling of greater than 16 tokens and cryptocurrencies with EUR as the bottom foreign money, together with a fiat on/off-ramp.
The MRHB DeFi platform is constructed particularly to assist onboard communities beforehand excluded from cryptocurrency, such because the world’s 1.8 billion Muslims representing a monetary market price about US$3 trillion. To make sure the decentralized finance ecosystem is halal, and due to this fact permissible for Muslims to make use of, the MRHB DeFi crew employs an advisory board that vets all cryptocurrencies and providers on the platform in response to strict moral and halal pointers.
On Constructing a Higher DeFi Platform
The flagship product and cornerstone of the MRHB DeFi platform is Sahal Pockets, a self-custodial cryptocurrency pockets accessible on each iOS and Android. Notably, Sahal Pockets solely accepts halal tokens and acts as a gateway portal to your complete MRHB DeFi ecosystem.
“When designing our Sahal Pockets utility, we took nice pains to make sure the UX is as straightforward and pleasant as potential. The vast majority of our 70,000 supporters are first-time crypto customers and it may actually be fairly overwhelming for newcomers to enter the crypto house,” MRHB CEO Naquib Mohammed mentioned. “MRHB DeFi is a one-stop platform the place our customers could be assured every little thing is halal with out having to do a ton of additional analysis on their very own, making Sahal Pockets their key to moral DeFi.”
The corporate has had a string of sturdy product launches since they listed their token in December 2021 in an oversubscribed IDO, elevating over US$5.5 million in funding. Together with Sahal Pockets, MRHB DeFi additionally launched SouqNFT — a market for moral NFTs that additionally hosts halal compliance certificates from Shariah Specialists in immutable, unforgeable NFT type. Arising this yr are a halal liquidity harvester that generates passive yields of 5% to fifteen%, an alternate for tokenized commodities and metals, a world-first halal DeFi staking resolution and quite a few enhancements to Sahal Pockets together with reversible transactions.
Different bold merchandise on their roadmap to be launched in 2023 embrace an interest-free crypto financing resolution, decentralized philanthropy, an entrepreneur launchpad and decentralized autonomous governance.
MRHB DeFi Community is backed by plenty of companions and traders, together with Polygon Know-how, Sheesha Finance, Australian Gulf Capital, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital Belongings, ZKSync, Acreditus Companions, EMGS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, amongst others.
About MRHB.Community
MRHB.Community is a halal, decentralized finance platform constructed to embody the true spirit of an “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 crew includes researchers, technocrats, influencers, Islamic fintech consultants & enterprise entrepreneurs, who got here collectively to make sure that MRHB DeFi prevails in a way that may impression society as an entire, basically bridging the hole between the faith-conscious communities and the blockchain world.
About Bitlocus
Bitlocus is a world monetary know-how firm that operates the Bitlocus cryptocurrency alternate. The primary mission of Bitlocus is to carry fiat and cryptocurrencies collectively by way of options equivalent to fiat-to-crypto alternate, fiat-friendly gateway to DeFi protocols, fee playing cards, crypto funds processing, liquidity, and different providers for enterprise and retail shoppers. For extra info please go to https://bitlocus.com/.
MRHB.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
