Dubai, U.A.E., October 4, 2022 — MRHB.Community, a pioneering decentralized finance platform centered on creating moral and halal crypto options, has launched TijarX, the primary halal decentralized trade (DEX) for bodily commodities. Bodily gold and silver-backed tokens are the primary to be listed.
TijarX is a blockchain-powered trade that brings treasured metals and different bodily commodities on-chain by way of tokenization and traded by way of sensible contracts, permitting for these property to be absolutely built-in into the broader Web3 and DeFi markets. Notably, all commodities tokens to be listed on the trade will likely be halal.
“We’re extraordinarily proud to lastly launch TijarX and provide tokenized commodities to ethics-conscious buyers world wide,” stated MRHB CTO Deniz Dalkilic. “Our core purpose is so as to add most utility to our Web3 ecosystem by bringing treasured and illiquid commodities — that are tough to move and retailer in bodily type — onto the blockchain. By tokenizing these commodities, they’re made obtainable to a a lot bigger market who can commerce or put money into these real-world property.”
Dalkilic added, “To have a good time the launch, we’re additionally making the TijarX free from any transaction charges for the following 6 months, therefore additional lowering the price of investing and buying and selling the dear metals.”
The primary commodities to be listed on the trade will likely be tokenized gold and silver by Gold & Silver Normal (GSS) of the Ainslie Bullion Group. Every Gold Normal ($AUS) and Silver Normal ($AGS) token listed on TijarX is 100% backed and redeemable by bodily bullion securely saved and verifiable, within the Ainslie vaults, Australia’s main bullion sellers since 1974.
MRHB companions Ainslie to ship TijarX gold and silver options:
As a part of MRHB’s aspirational roadmap, the tokenized commodities that may very well be listed on the TijarX trade by future companions might embody copper, wheat, potable water, oil or fuel, amongst others.
TijarX is accessible by means of Sahal Pockets, a self-custodial and multi-chain crypto pockets constructed by MRHB, that acts as a portal to the whole MRHB ecosystem of moral monetary companies.
Developed to Make Commodity Buying and selling Dependable and Handy
The trade is designed and architected to be easy, intuitive and scalable from the bottom up. Maintaining with the ethos of DeFi, the software program is open-source — which means any developer or workforce can construct upon it.
TijarX features equally to how different decentralized exchanges (DEXs) work, with buying and selling pairs of various currencies being made obtainable by means of liquidity swimming pools owned by exterior suppliers. For instance, customers may have the choice of buying GSS’s gold tokens in USDT/AUS and USDC/AUS buying and selling pairs.
Nonetheless, the mannequin by which commodity token costs are dictated on TijarX features very in another way from the automated market makers widespread on DEXs. As a substitute, it depends on oracle value feeds for well-established property corresponding to gold and silver. This permits commodities to be traded on TijarX whereas nonetheless assembly very tight margin restrictions by minimizing arbitrage alternatives that may end in a lack of liquidity.
“The TijarX trade is just not an end-to-end answer, however is designed to be an on-ramp for commodity homeowners who have already got their very own tokenized property,” stated MRHB CTO Deniz Dalkilic. “We’ll sit up for scale TijarX to develop into an end-to-end answer sooner or later, however for now its focus is to be an on-ramp(OTC) for tokenized commodity homeowners to achieve new communities in a trustless method.”
Solely permitted companions with whitelisted wallets can deploy new tokens on TijarX swimming pools, and full transparency is required to show that tokens are actually backed by bodily commodities. MRHB DeFi can not add or withdraw liquidity in any respect however does retain the flexibility to pause trades by request from their companions if an exploit is suspected.
After the primary six months of zero-fee transactions, MRHB will solely cost a small buying and selling payment of 0.03%. These charges are despatched to the MRHB DAO treasury and bought for MRHB buy-backs, that are in flip redistributed to MRHB token holders on the M.I.R.O. staking platform.
Extra Launches Coming Quickly for MRHB
MRHB launched their ecosystem token, $MRHB, in December 2021 in an oversubscribed IDO which raised over US$5.5 million, principally from first-time buyers amongst their supportive neighborhood of over 60 thousand ethics-conscious individuals from 106 totally different international locations.
The DeFi platform primarily targets the US$3 trillion Islamic Finance market, however the beliefs they promote are additionally of curiosity to anybody involved with making moral monetary choices of their lives.
“We’re constructing out a platform with common enchantment,” stated Khalid Howladar, MRHB Advisory Chairman. “Halal companies should comply with very strict moral finance rules, together with transparency and sustainability, whereas avoiding social exploitation or usury. These requirements have a common enchantment to individuals the world over.”
Along with TijarX, MRHB.Community has additionally already launched Sahal Pockets and SouqNFT Market. The world’s first halal staking answer, M.I.R.O. and a passive wealth generator, the Liquidity Harvester, may also launch later this yr, promising passive ROI era between 5% to fifteen%.
4 extra upcoming launches are scheduled for subsequent yr, together with an interest-free financing platform, an entrepreneur launchpad, decentralized philanthropy (DePhi) amongst many different Web3 infrastructure merchandise and options.
MRHB.Community was the winner of this yr’s World Model Awards for “Finest New Islamic Crypto Platform”. The MRHB token was additionally featured by Nasdaq and InvestorPlace as a “killer crypto” to put money into.
MRHB.Community is supported by quite a few companions and buyers, together with Polygon Expertise, 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.
About MRHB DeFi Community
MRHB (pronounced ‘Marhaba’) is an moral and halal Web3 platform constructed to ship empowering “Inclusive DeFi and NFT wealth and enterprise options” to excluded communities worldwide within the simplest way attainable.
The various workforce contains researchers, technocrats, influencers, Islamic finance consultants & enterprise entrepreneurs, who’ve come collectively to make sure that the MRHB Ecosystem brings the complete energy of blockchain and crypto to positively impression society as a complete, primarily bridging the hole between the “ethics-conscious” communities and the Web3 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
