Tag: Bit

  • ERA7: Game of Truth Share Exciting News of their Dec 20th NFT Sale followed by IDO and Game Launch in early 2022 | by Bit Media Buzz | Dec, 2021

    ERA7: Game of Truth Share Exciting News of their Dec 20th NFT Sale followed by IDO and Game Launch in early 2022 | by Bit Media Buzz | Dec, 2021

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    Era7: Game of Truth is an innovative Play2Earn NFT trading card game (TCG) that has recently been creating a lot of buzz in the GameFi space. We reach out to Era7 to find out exactly what makes this game tick.

    Q. Please introduce yourself and what you do at Era7, thank you.

    Hi, I am Teddy Chen, responsible for the system design of the Era7: Game of Truth project. I graduated with a bachelor’s degree from Shu-Te University. I previously worked at Game Hours Inc as Vice President of Operations and before that I was the General Manager at Joycell Inc and the Operations Manager at ISTAR Inc.

    In the game industry, I possess 20 years of experience — from PC online games to web games, mobile games, and now I am a part of the very exciting blockchain GameFi industry. My long gaming experience has taught me to focus on the players — how do they feel, what motivates them etc. As the person in charge of system design at Era7, I hope to provide the best gaming experience for players everywhere.

    Q. Congrats on your recent fundraising with a staggering lineup of VCs and institutions. How did you manage that?

    Era7’s Research & Development team has 15 years of experience in online game development and achieved great results in the traditional gaming space. To date, we have altogether accumulated nearly 10 million users in the online games that we have developed.

    After adding the concept of NFTs and Play-to-Earn to the Era7 game, along with offering chain interoperability, we attracted many well-known blockchain investment institutions. These institutions are extremely interested in the three competitive features of Era7, which are:

    1. Ability to attract the traditional gamers. Era7’s Trading Card Game (TCG) genre and rich gameplay are factors that resonate with traditional game players. Moving forward, the iOS and Android versions of the game will be launched simultaneously, and with promotional support from the traditional gaming circles, will bring in more valuable new traffic to the gamefi industry.

    2. High-quality product. Era7’s offers rich gameplay content and competitive elements, providing users with long hours of entertainment. With 1,000 exquisitely crafted NFT cards that have different attributes, the players can come up with endless battle strategy combinations which can generate different performance outcomes in battle. In the near future, these players can form an ever-growing PVP (player-to-player) competitive gaming community where they can not only play to earn, but also play for fun. At the same time, Era7 is also in the process of building an Esport-Fi model, so that holders of rare NFT assets will have more avenues to earn.

    3. Low threshold entry to Game of Truth. Era7 has no barrier to entry for players. Users who don’t understand cryptocurrency can still experience the game in the free-to-play mode. Indeed both novice and experienced gamers can find their place in the game, and together with the project, build their own worlds of truth that belong to them.

    Q. What is the central concept behind Era7: Game of Truth?

    Era7’s artistic inspiration comes from TCGs like Hearthstone and Magic: The Gathering.

    The Game of Truth plot revolves around seven races on the Continent of Truth who compete for the title of “King of Truth.” Amongst the races are groups of specially gifted individuals who are sent to attend Summoner Academy to undergo rigorous training where they graduate to become Summoners. Upon graduation, they travel the world to make Summoning Pacts with the most powerful amongst the seven races, to establish strong allies in order to consolidate their power.

    Since ancient times, throughout the year, battles amongst the Summoners have been held in the heart of the Continent. These Summoning Battles attract Summoners from all over the world who battle for the ‘King of Truth’ title. The winner is crowned ‘King of the Continent’, and he and his race are awarded the highest honors in the land.

    At Era7, we hope to create a world of truth that belongs to all the players in this kingdom of truth.

    Q. You are a Play2Earn NFT trading card game, are there other GameFi projects like you? If so, how are you different from your competition? If not, help us to understand your first-mover advantages in this space.

    We have two types of competitors. The first type are those like Thetan Arena, with elements of esports and competitive attributes built into GameFi. The second type are those like the Splinterlands/Mytheria card games with GameFi. They are all undeniably excellent and successful projects, and have built their own core following.

    Compared with the GameFi products on the market, the prime advantages of Era7 are the following:

    Q. Tell us more about your upcoming NFT Sale on December 20th. Can you share some pictures of the types of trading cards that will be on sale? What are the premium buys?

    The NFT Sales Event will be launched on 20th December and will feature 6,000 standard Mystery Boxes (‘Light Box’) priced at USD 119 and 400 premium Mystery Boxes (‘Epic Light Box’) priced at USD 399 respectively. The Mystery Boxes will be released in batches on a first-come-first-served basis.

    The NFT launch will start on December 20th at UTC 12:00 and end on December 22nd at UTC 00:00.

    Using Metamask, buyers can connect to the official marketplace to pay for purchases with $BUSD.

    The Light Box and the Epic Light Box will feature 16 Master Cards with varying levels of rarity and value. When a buyer obtains a Master Card, he or she has approximately 15 days, before the game is officially launched, to complete the ‘UNSEAL’ function. After the buyer completes unsealing, he or she will receive several Battle Cards in one go. Furthermore, the Master Card that he or she holds has the capability of automatically summoning Battle Cards daily. These NFT cards are all precious in-game resources.

    Subsequently, when the user ecosystem is well-developed, the quantity and quality of the cards held by the player will be the conditions that determine the number of ERA tokens and GOT rewards that the player will be able to obtain. Both ERA and GOT are game tokens which can later be exchanged for cryptocurrencies on DEXes and CEXes in the future. The unsealed Mystery Box that has been successfully snapped up at this upcoming sale or the Master Card that is obtained after unsealing can both be traded and sold on the official marketplace.

    Here are examples of the 2 types of Mystery Boxes:

    Here are some examples of Master Cards:

    Q. Please share with us any other exciting news that you would like our readers to know thank you.

    Era7 officially launched global marketing for the project in November 2021 and since then we have been revealing news and updates in stages. To date, Era7 has completed its seed round and an initial private round of financing, led by Hashkey and MOBOX, and a dozen other renowned VCs and institutions including Huobi Ventures, OKEx Blockdream Ventures, Good Games Guild (GGG), AU21 Capital, AlphaCoin Fund, Waterdrip Capital and more.

    In November 2021, we set up our official website and built our community on channels like telegram, twitter, discord, facebook, reddit and medium. Simultaneously we also launched our global PR in Southeast Asia, Europe, South America and other countries. Currently, we have more than 190,000 followers in our community.

    On December 16th, the second phase of our official website was released and we launched the white paper as well. We had a series of airdrops and giveaways and started our NFT airdrop on December 13th. What is most important is that our NFT official marketplace will go live on December 20th, and at the same time, the NFT Mystery Boxes will be on sale for a limited time.

    Come January 2022, Era7 will launch our IDO. We are excited that we have managed to collaborate with Pancake and another well-known IDO platform. We will be announcing whitelisting activities, how to participate in the IDO and final confirmation of the IDO platforms. After completing our IDO milestone, ERA token and GOT token will be officially registered on exchanges.

    The first version of Era7 will be introduced in February 2022 to our players and they can join the play-to-earn game to play and earn. From here on, we are also planning for the development of an esport ecosystem, construction of a GameFi platform and building a series of IP for Era7 and other metaverse products. Players are welcome to check out the details on our official website or from the roadmap in our White Paper.

    For more updates on Era7: Game of Truth, please check out its official Website, follow the project on Twitter and join the conversation on Telegram or Discord.

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  • Halal Crypto Platform MRHB DeFi Receives Investment from Australian Gulf Capital | by Bit Media Buzz | Dec, 2021

    Halal Crypto Platform MRHB DeFi Receives Investment from Australian Gulf Capital | by Bit Media Buzz | Dec, 2021

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    Melbourne, Australia, December 17th, 2021 — Community-focused platform MRHB DeFi has received an investment from Australian Gulf Capital, a global investment management company, as part of the strategic venture round of the world’s first inclusive and ethical DeFi ecosystem platform.

    The funding from Australian Gulf (AG) Capital is not the first from the region, with the Islamic DeFi pioneer having received investments from institutions such as Blockchain Australia and other Aussie angel investors. The AG Capital investment presents further opportunity to expand MRHB DeFi’s presence and growth in this key market.

    We are pleased to have an early-stage opportunity to support first-mover Marhaba in the development of their high-growth, disruptive venture in ethical and halal DeFi,” commented CEO and founder of AG Capital, Salman Masaud. “Our investments are typically focused on a company’s early funding stages when the product is nascent and the upside potential is the greatest. We expect to support the project by bringing our legal, consulting and investment banking expertise to assist the Marhaba team in launching their socially impactful vision.”

    The Australian PE/VC funds management company is also currently in the process of establishing a license under ADGM in the UAE, a key growth hub for MRHB DeFi, having recently signed a partnership with local partner Masary Capital to provide halal crypto solutions to the retail and institutional sectors in the UAE.

    Australia Gulf Capital’s ethos of actively supporting startups who align with their ambitious growth vision makes them a strong partner for us,” said MRHB DeFi CEO Naquib Mohammed. “As we continue on our journey of building the world’s first ethical DeFi platform, it is this shared vision and support from amongst our family of investors and partners that will help transform our dream into reality.”

    MRHB DeFi: An Islamic Finance DeFi Pioneer

    MRHB DeFi was created to bridge a perceived gap — by providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the cryptosphere. The project is underpinned by faith-based DeFi offerings which adhere to the ethical investment and financing principles rooted in Islamic Finance. Many values upheld by the halal platform also align with the United Nations Sustainable Development Goals. Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community.

    With the Islamic Finance market sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Facebook: https://www.facebook.com/MRHB-DeFi-105893235209147

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About Australian Gulf Capital

    Australian Gulf Capital is a prominent global investment management company specializing in alternative investments and providing innovative world-class products and services. AG’s substantial and diversified investor base includes corporations, financial institutions, sovereign wealth funds, superannuation/pension funds, insurance companies, qualified high-net-worth investors, and family offices.

    Australian Gulf Capital’s business activities are distinguished by exceptional vigor and a profound understanding of clients’ needs and risk profiles. They have become the company of choice because of their insightful approach to creating partnerships with clients for sourcing and investing in attractive investment opportunities. Australian Gulf Capital employs high-caliber teams with diverse expertise and extensive experience.



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  • MRHB DeFi Partners With Masary Capital to Launch Halal Retail and Institutional Crypto in the UAE | by Bit Media Buzz | Dec, 2021

    MRHB DeFi Partners With Masary Capital to Launch Halal Retail and Institutional Crypto in the UAE | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Dubai, UAE, December 14th, 2021 — MRHB (Marhaba) DeFi, the world’s first halal and ethical Decentralized Finance (DeFi) platform, is proud to announce their partnership with UAE-based crypto pioneer Masary Capital to bring DeFi opportunities to both retail and institutional clients in the United Arab Emirates and beyond, for the first time in the Islamic Finance space — a market estimated at around USD 3 trillion globally.

    The agreement was signed between Masary CEO, Mr. Khalil Abdullah, and MRHB CEO & Founder, Mr. Naquib Mohammed, in Dubai, UAE, a fast emerging global crypto hub for the sector.

    MRHB DeFi will be providing an entire ecosystem of eight innovative and shariah-compliant DeFi products for distribution through Masary Capital’s retail platform that provides easy access to crypto payments, investments, services and global remittance facilities. Together, they will encourage maximum UAE participation in the crypto space for those consumers who are focussed on halal services and opportunities.

    “Our pioneering crypto platform will provide a seamless path for our businesses, institutions and consumers to participate. Our partnership with MRHB DeFi is aimed at giving access to the full potential of DeFi to our Islamic customers,” said Masary Capital CEO, Mr. Khalil Abdullah.

    Masary Islamic is one of the key product suites of Masary Capital that will be “Powered by MRHB”. Under the leadership of Mr. Khalil, Masary Capital aims to unlock transactional efficiencies of blockchain technology to shape a new financial system that is both highly efficient and productive.

    “We are proud that Masary Capital has chosen us to be their preferred DeFi partner,” said MRHB DeFi CEO Naquib Mohammed. “This partnership will drive both retail and crucial institutional growth in the region and support our vision of providing DeFi to over 1 Billion people who find themselves excluded from the cryptosphere due to faith, lack of access and complexity.”



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  • Win $100 USDT rewards from P2E Era7: Game of Truth AMA! Learn about Upcoming NFT Drop on 20th December! | by Bit Media Buzz | Dec, 2021

    Win $100 USDT rewards from P2E Era7: Game of Truth AMA! Learn about Upcoming NFT Drop on 20th December! | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Crypto Talkz is pleased to announce our next AMA with ERA7: Game of Truth on 14th December at 3 PM UTC

    CRYPTO TALKZ x ERA7

    Rewards Pool: $100 USDT

    DATE : 14 December 2021

    TIME : 3:00 PM UTC

    VENUE : @Crypto_Talkzs

    Guest : Dmitri Prokopenko (CMO of Era7)

    AMA SEGMENT

    Part 1: Introduction

    Part 2: Twitter Questions ($50- 5 winners)

    Post your Questions here Tweet Link

    Part 3: Free Flow Live Segment ($50- 5 Winners)

    RULES

    Join https://t.me/Era7_Official English Telegram Group

    Join https://t.me/Era7_Official_CH Chinese Telegram Group

    Join http://t.me/Crypto_Talkzs Telegram Group

    Join http://t.me/CryptoTalkzNews Telegram Channel

    Follow @Era7_official on Twitter

    Follow @CryptoTalkzInfo on Twitter

    Research ERA7 Project

    Source

    About Era7: Game of Truth

    Era7: Game of Truth is a Play-To-Earn NFT-based trading card game (TCG). It offers the perfect combination of traditional gaming and decentralized finance (DeFi) to gamers, bringing an entertaining gaming experience while providing an avenue to earn.

    According to Era7 ancient folklore, the seven races on the continent of Truth battle against each other for supremacy all year long, to vie for the title “King of Truth”. The victor from the Game of Truth emerges as the ruler of the continent whereby he and his race then enjoy the highest honors in the land.

    Founded by core team members from internationally renowned game developers with over 15 years of valuable experience such as Com2uS, NCsoft, Nexon, and Netmarble, Era7 is backed by heavyweight VCs and blockchain institutions such as Hashkey, MOBOX, Huobi Ventures, OKEx Blockdream Ventures, Good Games Guild (GGG), AU21 Capital, AlphaCoin Fund, Waterdrip Capital and more.

    Era7: Game of Truth Official Links

    Website: https://www.era7.io

    Twitter: https://twitter.com/Era7_official

    Telegram: https://t.me/Era7_Official

    Telegram (Chinese): https://t.me/Era7_Official_CH

    Discord: https://discord.gg/yUjGpQ35



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  • WANTED: ARTISTS & CREATORS for the Souq NFT Marketplace Powered by MRHB DeFi | by Bit Media Buzz | Dec, 2021

    WANTED: ARTISTS & CREATORS for the Souq NFT Marketplace Powered by MRHB DeFi | by Bit Media Buzz | Dec, 2021

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    Be among the first to experience an ethical NFT marketplace with Souq NFT.

    Kyiv, Ukraine, 8 Dec 2021 — MRHB DeFi, the first inclusive and ethical DeFi ecosystem platform is set to launch its NFT marketplace — Souq NFT. For its debut launch, MRHB DeFi is pleased to partner with DEV Challenge Season 18!

    DEV Challenge is a Developer Championship that holds the title for being the largest European IT competition since 2012. As the largest championship created for developers and designers in Ukraine, DEV Challenge has been supporting the technical potential of developers in Ukraine. To date, more than 20,000 developers have participated in this challenge.

    Introducing Souq NFT an NFT marketplace powered by MRHB DeFi

    Souq NFT is a marketplace for digital art and other halal NFT objects. Artists will participate in creating digital artwork for the first halal NFT marketplace in the world, following image, audio and video content guidelines such as: no nudity (ideally no body art at all), no hate speech, no racism and must be an original piece (no rip-offs of existing NFTs).

    Perfect for Artists and Creators

    Artists and Creators are invited to participate in an upcoming NFT competition set within the framework of the DEV Challenge Championship. This challenge is perfect for you if:

    In order to properly guide and assist you during the competitive process, the organizers are implementing an online workshop, where you will be guided through the platform and taught how to correctly upload your artwork to the NFT Marketplace.

    A tutorial guide to creators (digital artists, 2D, 3D designers, etc.) on how to mint your NFTs on the Souq NFT Marketplace will also be provided, where you will be assisted in setting up your accounts through which you can receive funds from NFT sales.

    Please register for the Workshop.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    Source



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  • Era7 Debuts NFT Launch after Closing Seed & Private Round One Led by Premium Lineup of Blockchain Investors | by Bit Media Buzz | Dec, 2021

    Era7 Debuts NFT Launch after Closing Seed & Private Round One Led by Premium Lineup of Blockchain Investors | by Bit Media Buzz | Dec, 2021

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    Singapore, December 6th, 2021 — BSC-based (Binance Smart Chain) Era7: Game of Truth is set to open the sales of its first batch of NFT Mystery Boxes on 20th December 2021, paving the way for the launch of Era7’s most anticipated Play-to-Earn NFT Trading Card Game in the first quarter of 2022.

    Era7’s journey into the blockchain gaming space is backed by some of the biggest names in the industry, who have rallied behind its vision and mission. To date, Era7 has completed its seed round and an initial private round of financing, led by Hashkey and MOBOX, and a dozen other renowned VCs and institutions including Huobi Ventures, OKEx Blockdream Ventures, Good Games Guild (GGG), AU21 Capital, AlphaCoin Fund, Waterdrip Capital and more.

    Funds will be directed towards the ongoing game development as well as marketing and operations. Notably, besides investing, MOBOX will also come on board Era7 as co-developer consultants, providing technology support towards the development of Game of Truth.

    An Excellent Opportunity to Access Privileged NFT Prices

    The upcoming NFT sale provides a good opportunity for early supporters to benefit from the privileged pricing of the unique trading cards. In the first batch of NFTs on sale, while the Mystery Boxes are priced the lowest, buyers will be able to enjoy privileged pricing across all NFT trading cards. Endowed with different features, all cards have intrinsic in-game value and can hold considerable upside potential in the TCG market as the trading cards gain increasing value alongside growth in the game’s popularity and a corresponding scarcity of the NFT cards on open markets.

    Indeed, for fans of the game, this is the perfect opportunity to strategically collect cards and position themselves early in the game, not to mention an excellent opportunity to invest early at the lowest NFT prices for future returns.

    According to Era7, they will also implement an NFT airdrop right before the NFT sales to reward the community for their continued support and commitment to Game of Truth.

    Game of Truth aims to be a Benchmark for NFT trading card games

    Era7: Game of Truth is the first trading card game to deploy the concept of NFTs and DeFi to captivate gamers with its unique Play2Earn features. Designed to drive traditional gamers to GameFi, Era7 gives them and blockchain gamers the opportunity to earn, own, and exchange in-game items with real-world monetary value.

    By providing modestly competitive and fast-paced gameplay, combining combat and strategy, Game of Truth hopes to become every gamer’s choice. In a three-minute game, players may think about how to configure and strategize their greatest decks in PVP (player-versus-player), PVE (player-versus-environment), and other tournament types to win the game as well as token rewards.

    The Era7 developers aim to establish a market-oriented approach for the Game of Truth. By combining cutting-edge technology and ground-breaking new gaming innovations, Game of Truth’s target of being a TCG benchmark in the world of GameFi looks poised to take off.

    About Era7: Game of Truth

    Era7: Game of Truth is a Play-To-Earn NFT-based trading card game (TCG). It offers the perfect combination of traditional gaming and decentralized finance (DeFi) to gamers, bringing an entertaining gaming experience while providing an avenue to earn.

    According to Era7 ancient folklore, the seven races on the continent of Truth battle against each other for supremacy all year long, to vie for the title “King of Truth”. The victor from the Game of Truth emerges as the ruler of the continent whereby he and his race then enjoy the highest honors in the land.

    Founded by core team members from internationally renowned game developers with over 15 years of valuable experience such as Com2uS, NCsoft, Nexon, and Netmarble, Era7 is backed by heavyweight VCs and blockchain institutions such as Hashkey, MOBOX, Huobi Ventures, OKEx Blockdream Ventures, Good Games Guild (GGG), AU21 Capital, AlphaCoin, Fund Waterdrip Capital and more.

    Era7: Game of Truth Official Links

    Website: https://www.era7.io

    Twitter: https://twitter.com/Era7_official

    Telegram: https://t.me/Era7_Official

    Telegram (Chinese): https://t.me/Era7_Official_CH

    Discord: https://discord.com/invite/jtFRzTv5Zw



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  • Four inspiring blockchain journeys and stories from Odisha, India | by Bit Media Buzz | Dec, 2021

    Four inspiring blockchain journeys and stories from Odisha, India | by Bit Media Buzz | Dec, 2021

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    Following the tech journeys of four noteworthy Odisha personalities making their mark in the fast-developing blockchain space.

    Blockchain technology offers a great many advantages to many industries, with the financial sector being one of the most notable examples. It has the potential to have an even greater impact in developing countries, where blockchain-enhanced fintech can help improve financial accessibility for the 1.7 billion unbanked people around the world through services such as peer-to-peer loans and alternative currency payments and investments.

    This Is why it should come as no surprise that, while most of the first wave of cryptocurrency influencers such as Erik Voorhees, Charlie Lee, Tim Draper, Andreas Antonopoulos and many more all hail from first-world Western countries, it is from the developing countries that some of the technology’s biggest thought leaders can be found.

    In fact, four highly respected champions of blockchain technology are Odia, referring to people who originate from Odisha, a state in the Indian subcontinent. Despite being one of the poorest states of the country, Odisha has produced four trailblazing journeys, united by both geographic origin as well as their respective challenges in the tech industry. In particular, these personalities are making their mark in the world of blockchain, in remarkably exciting times for disruptive technology.

    Sopnendu Mohanty

    Sopnendu Mohanty got his start in the IT industry back in 1995, following both a Bachelor’s and Master’s degree in information science. In 1997, he moved to Japan to join Citigroup’s product and services development division. He would stay with the company for 18 years, eventually being promoted to Head of Citigroup’s Asia Pacific Branch Operations, and then later to Head of Citigroup’s Global Consumer Lab.

    In 2015, Sopnendu Mohanty left Citigroup and joined the Singapore government-run Monetary Authority of Singapore (MAS) as Chief Financial Officer. At MAS, he has helped contribute to Singapore’s rise as one of the world’s top fintech hubs.

    In addition to his work at MAS, Sopnendu is also an avid speaker and global thought leader in fintech, and an outspoken advocate for an accelerated transformation to a digital blockchain-based economy.

    “Having a distributed ledger by design takes away the whole complexity behind settling things, checking things. And it allows some of the business rules to be built into the use cases — the payment process, the settlement process, the underlying business rules can be encoded to a single stream,” said Sopnendu Mohanty.

    “There are two different processes in today’s world. There’s a process where you pay each other and there’s a process in which we exchange goods and services. Blockchain digital currency brings together these two processes into a single process in which you’re not only paying each other but also ensuring that goods and services are exchanged at the point of payment.”

    In September 2021, the MAS granted DBS Vickers — a subsidiary of DBS Bank, the largest bank in Southeast Asia — a license to officially offer cryptocurrency services.

    “This is a natural progression in any innovation and there has been a very clear growing interest in digital assets,” Sopnendu Mohanty said.

    “Fintechs are always pushing banks out of their comfortable traditional finance space. It’s very encouraging for us to see DBS think about such new areas where they can add value and create a new service. This is truly a sign of the maturity of the Singaporean fintech sector. Here, we don’t see a difference between fintechs and banks. Both are complimentary, they come together and work together.”

    Mriganka Pattnaik

    Hailing from the ancient city of Bhubaneswar in Odisha, Mriganka Pattnaik got his fintech career off the ground with numerous internships even before he finished his technology Bachelor’s degree from ITT Guwahati in 2013. Upon graduation, Mriganka went straight to work at Bank of America as an analyst in their Mumbai branch.

    Two years later, he left to found his first company, Datatrix Healthcare Technologies, to help people remotely order medication and home diagnostic tests from nearby pharmacies.

    “I saw an opportunity to address a need and to this day, I believe that entrepreneurship is the most direct way to bridge these gaps,” Pattnaik said

    “Unfortunately, there was a lot of regulatory ambiguity in the area of online pharmacies. It was difficult to understand the full picture in terms of risk. Through this experience, I understood how regulatory ambiguity can really hinder innovation and hurt early startups. Afterward, I moved to Singapore in 2016 to work at Luno, a prominent crypto exchange, to support strategy and country-specific execution across three continents.”

    During his time at Luno, he witnessed firsthand the compliance challenges faced by digital asset businesses in diverse jurisdictions and the key role regulations play in the industry’s health and sustainable growth. He then joined the Entrepreneur First tech incubator where he met Nirmal Aryath Koroth, with whom he co-founded his second company, Merkle Science, in 2018.

    Merkle Science is a risk and intelligence platform that helps companies and government organizations detect, investigate and prevent illegal activities involving cryptocurrencies.

    “As blockchain and cryptocurrency gained popularity, more financial institutions, retail platforms and governments started adopting the technology. Unfortunately, as the legitimate use cases rise, so does its illegal use,” Pattnaik said. “In 2020 alone, it is estimated that more than 12 billion dollars worth of crypto was involved in illicit transactions.”

    “Unsurprisingly, this has led to many governments around the world introducing new laws and regulations that govern how cryptocurrency businesses can operate. These new regulations seek to mitigate the risk that comes with cryptocurrencies. However, these new laws and regulations have made it difficult for companies to work with cryptocurrencies and they struggle to figure out how to comply. With these new laws, there is then a need for new-age solutions and this is where Merkle Science comes in. We have developed a suite of solutions designed to make use of the blockchain’s transparent and traceable nature in order to help businesses identify and protect themselves against criminal use,” commented Pattnaik.

    Debajani Mohanty

    Debajani Mohanty is the bestselling author of five books on blockchain and was ranked among the top 30 Blockchain influencers from India on Singapore Fintech news as well as the world’s top 100 blockchain social influencers by Piktale awards. Born in coastal Odisha, she studied Electronics and Telecommunications Engineering at Sambalpur University before launching straight into what would become a 24-year career (and counting) devising software solutions for companies from India and, since 2020, England.

    She got her feet wet with blockchain in 2017, from which point she has worked in development using numerous blockchain technologies. “The true potential of blockchain is yet to be realized,” Debajani Mohanty said. “We need much more dedicated research.”

    Debajani Mohanty’s books range from broad blockchain overviews for new students on the subject, such as her five-star books “Blockchain for Self Sovereign Digital Identity” and “Ethereum for Architects and Developers”, to deep-dive courses on the specific blockchain technologies R3 Corda, Ripple and Ethereum. She has also published a novel focused on themes of the empowerment of women, titled “The Curse of Damini”, for which she was honored with the Arya award by Nobel Peace prize winner Kailash Satyarthi.

    Since the beginning of her blockchain career, she has tried to share her learning through books, blogs, videos and live sessions at numerous blockchain summits in India and abroad. She stresses that “propagating knowledge especially to business leaders and decision-makers is the need of the hour, as they have the authority to carry forward this blockchain journey to the next level.”

    According to Debajani Mohanty, the next big trends in blockchain are expected to be CBDC, Decentralized Identity and enforcement of data acts (GDPR, CCPA, PDPA etc.) in handling personal data leading to privacy-preserving solutions.

    Naquib Mohammed

    Born in the city of Cuttack, Naquib Mohammed studied information technology at the Kalinga Institute of Industrial Technology in Bhubaneswar. He then spent more than a decade in information technology, starting as a software engineer then later as a business architect, working for companies across the globe.

    “My interest in cryptocurrency really started to get serious after spending a few years learning and working on enterprise use cases of distributed ledger technology in the bull run of late 2019,” said Naquib Mohammed.

    “As an enterprise architect, researching the growing IT market was a natural move, and this is where I noticed blockchain as an important part of Industry 4.0 technologies.”

    Mohammed was invited to Australia in 2020 by invitation of the Australian government as a “Distinguished Global Fintech Talent”. There, he dove headfirst into blockchain technology, devoting 7–8 hours a day to study and learn the technology.

    “During this tenure, I completed over 15 certifications in different areas of blockchain within a six-month span.”

    In April of 2021, after working at another startup he decided to launch his own pioneering decentralized finance startup, MRHB (pronounced Marhaba) DeFi. This was to address what he felt was a major gap in a crypto space that excluded many communities due to their faith (in particular himself as a Muslim), lack of access and technological complexity. The demand for financial services which are consistent with faith principles is evidenced by the Islamic Finance industry, currently worth around $3 trillion USD.

    In addition, Mohammed wanted to build a more empowering, ethical and community focussed project that would cater to those new to crypto and also address the negative perception created by extensive instances of fraud, risk and opacity in the sector. As such, he hopes to create a more ethical and inclusive project that benefits everyone regardless of faith.

    “As our platform is based on very high ethical standards, one of our product offerings is a crypto-based donations platform, the DePhi, a decentralized philanthropy protocol, planned in Phase 2. We sincerely hope to attract investors from all walks of life who are interested in making sure their investments have some form of social impact in addition to benefiting from the wealth opportunities of the cryptoverse,” explained Mohammed.

    “By approaching the new crypto economy with a more ethical approach from the very start, we can all do our part to create a more equitable and more inclusive future for all.”

    A landmark project in the DeFi ecosystem, being the first to target the USD 3 trillion Islamic Finance ecosystem and other excluded communities, MRHB DeFi is notably backed by Polygon Technology. A prominent Layer-2 blockchain, Polygon is supporting the development of the first dApp focussed on the Islamic and ethical finance sector.

    With their blockchain stories impacting different industries and use-cases, from regulations, compliance, intelligence gathering and security to education, ethics, inclusion, and philanthropy, these blockchain personalities are an inspiration to people all over the world who wish to be involved in the revolutionary technology.

    As the blockchain and decentralized finance movements sweep across the world, we will undoubtedly see more professional representation from everywhere. Hopefully, blockchain innovators and startup founders from underdeveloped economies especially will find great success, for these are the regions where the technology can do the most social good. Financial services such as zero-fee payments and transactions, peer-to-peer loans and all manner of banking transactions for excluded communities are possible in the realms of blockchain and cryptocurrency.

    We need only for more pioneers to step up and seize the opportunity.

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  • Understand Cross-Chain Swap Aggregator XY Finance in 5 mins | by Bit Media Buzz | Dec, 2021

    Understand Cross-Chain Swap Aggregator XY Finance in 5 mins | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    XY Finance has built an efficient and user-friendly cross-chain swap for DeFi & Metaverse and single-token liquidity provision service through X Swap and Y Pool. Of them, X Swap caters to users’ cross-chain needs between multiple chains, and the newly launched Y Pool can reimburse swapping fees and token rewards for liquidity providers.

    With the coexistence of multiple chains and the boom of DeFi+NFT+GameFi, cross-chain exchange aggregators have become an essential and critical infrastructure in the entire cryptocurrency market, and the search for more efficient and convenient cross-chain exchange never stops.

    XY Finance, a cross-chain swap aggregator for DeFi & Metaverse, aims to provide users with efficient cross-chain swapping services at the best price. It recently closed a $12 million round of funding from Circle (Circle Internet Financial), Infinity Ventures Crypto, Mechanism Capital, Morningstar Ventures, YGG (Yield Guild Games), and Animoca Brands. We are honored to see investors across core pillars in the industry: exchanges, venture funds, research firms, GameFi DAOs, and game developers, such as MEXC Global, TRON Foundation, gCC (gumi Cryptos Capital), Lemniscap, Evernew Capital, PANONY, Axia8, Looksrare.vc and more.

    In addition to institutional investors, XY Finance gets backing from individual investors, such as Ben Chan (VP Engineering at Chainlink Labs), Kevin Tai (Co-Founder of Linear Finance), Tom Schmidt (Investment Partner at Dragonfly Capital), and Tempo (CEO of Perpetual Protocol), etc.



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  • MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group | by Bit Media Buzz | Dec, 2021

    MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group | by Bit Media Buzz | Dec, 2021

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    Bit Media Buzz

    Melbourne, Australia, December 2nd, 2021 — The world’s first inclusive and ethical DeFi ecosystem platform MRHB DeFi has received a strategic investment from Sinofy Group, a tech consulting management firm headquartered in Shanghai. Sinofy supports revolutionary tech companies to help them gain prominence in the world’s most digitally connected regions — China and Southeast Asia.

    A Partnership that goes beyond financial investment

    The investment includes a strategic partnership which sees MRHB DeFi join hands with Sinofy to fulfil the former’s vision of bringing an ethical, community-first focus to the world of decentralized finance. Sinofy Co-founder and angel investor Amirsan Roberto has taken the partnership a step further and joined the halal DeFi ecosystem startup as the Head of Investments and Partnerships.

    “Joining as Head of investments and Partnerships is a reflection of my commitment to and conviction in Marhaba’s vision,” explains Amirsan Roberto. “This is the first step we are taking in establishing our group venture fund and we are honored to have MRHB DeFi as our first institutional investment.”

    “We welcome Amir and Sinofy Group as part of the Marhaba family of partners and investors,” says Naquib Mohammed, CEO and founder of MRHB DeFi. “Since our early beginnings, Sinofy has actively supported our marketing efforts and aligning Marhaba with Sinofy’s deep regional expertise will bring us more visibility across Asia and beyond.”

    A Technical and Intellectual Collaboration

    Indeed the partnership will also see the parties collaborating on Sinofy East European Division’s upcoming We_Challenge 2021 Hackathon in Ukraine. With a gathering of 1,500 participants, 50 global media partners, 20 IT communities and 10 strategic partners, the hackathon is gearing up to be one of the most anticipated developer conventions in the region.

    MRHB DeFi will be coming on as an Official Sponsor at the event, with CTO Deniz Daikilic providing a keynote address as well as engaging in a panel discussion that includes CEO Naquib Mohammed and Head of Investments & Partnerships Amirsan Roberto.

    The Focus on Community and Ethics

    MRHB DeFi recently closed its Pre-Public Sale 2, an open, community-focussed offering to provide pre-IDO access and pricing to its loyal community members. The rousing success of the sale is further validation of the massive interest for DeFi services rooted in ethics and inclusion.

    MRHB DeFi was founded with a vision of providing excluded and crypto-cautious communities greater access to the growing opportunities and utilities of the cryptoverse. The project is underpinned by offering faith-based DeFi services which adhere to the ethical investment and financing principles rooted in Islamic Finance, many values upheld by the halal platform also align with the United Nations Sustainable Development Goals. Business practices deemed ethical include those that avoid interest, usury, social exploitation as well as support sustainability, asset or utility backed financing, transparency and equitable risk-reward sharing. These principles have universal appeal far beyond the faith conscious community.

    With the Islamic Finance market sized at around USD 3 trillion of assets, bringing even a small portion of Shariah-sensitive liquidity into DeFi will represent a major boost to the total value of the DeFi sector worldwide.

    Sinofy Group has now joined the host of strategic investors in MRHB DeFi who are on board to bring DeFi innovation to the Islamic finance industry. To date, investors include Sheesha Finance, Blockchain Australia, Mozaic, Contango Digital Assets, NewTribe Capital, Acreditus Partners, EMGS Group, MKD Capital and a grant from Polygon Technology.

    About MRHB DeFi

    MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.

    The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.

    MRHB DeFi Official Channels

    Website: https://marhabadefi.com

    Twitter: https://twitter.com/marhabadefi

    Telegram: https://t.me/mdf_official

    Telegram Announcements: https://t.me/marhabadefi_ANN

    YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg

    Medium: https://medium.com/@mrhbdefi

    LinkedIn: https://www.linkedin.com/company/marhabadefi

    Telegram (Arabic): https://t.me/mdf_arabic

    Telegram (Russian): https://t.me/marhabadefi_russia

    Telegram (Turkish): https://t.me/MarhabaDefiTR

    About Sinofy Group

    Sinofy Group is an end-to-end tech consulting management firm headquartered in Shanghai, offering a range of services across blockchain, fintech, cybersecurity, robotics, medtech, gaming, AI/ML and AR/VR industries.

    The company deals with customized solutions built to “Sinofy, Fund, and Empower” tech companies in the world`s most digitally connected region — China and Southeast Asia. To date, they have worked with innovative tech brands seeking to expand their digital reach and penetrate into new markets. Their vast global network brings a world-class blend of expertise and support.



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  • We Talk to Marhaba DeFi about Ethical Issues and Faith Based DeFi Ecosystem | by Bit Media Buzz | Nov, 2021

    We Talk to Marhaba DeFi about Ethical Issues and Faith Based DeFi Ecosystem | by Bit Media Buzz | Nov, 2021

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    Bit Media Buzz

    Faith-based decentralized finance (DeFi) solutions are rare.

    We had never come across a faith-based DeFi ecosystem until we discovered Marhaba DeFi.

    The Shariah-compliant decentralized finance (DeFi) ecosystem caught our interest as another use-case scenario that holds the keys to unlocking liquidity.

    We reached out to Deniz Dalkilic who is the CTO at MRHB (Marhaba) DeFi for more explanations on how this works.

    Here is what he told us.

    Deniz Dalkilic is the CTO of MRHB (Marhaba) DeFi and is an experienced Software Engineer with a decade of experience in developing small to large (distributed) systems, primarily focusing on backend development.

    Deniz has been involved in the blockchain space for the past 5 years and has been building (and co-founding) decentralized platforms. He is interested in expanding blockchain (and decentralization) ideas beyond its boundaries and always looking out for opportunities to offer cryptocurrencies to the masses.

    Deniz has earlier co-founded Bounty0x, which is an automated cryptocurrency bounty hunting platform. The platform now has distributed assets, across borders, close to $5m notional-value to its end-users.

    E-Crypto News:

    • Please, can you tell us more about the general concept behind MRHB DeFi (pronounced ‘Marhaba’)?

    Marhaba is built around the foundational concept of promoting ethical finance in the cryptocurrency space. We are building a platform where Muslims and other faith constrained people can be assured they are using only ethical, Sharia-compliant products and services.
    It will also be a platform that promotes equality by bringing unbanked, under-represented populations, primarily from poorer countries, into the empowering world of decentralized finance.

    E-Crypto News:

    • How does the Halal concept work in finance?

    Sharia law prohibits Muslims from using unethical products or services. So, for example, the buying and selling (and consumption) of alcohol is deemed “haram”, or sinful and against Sharia law.

    Specifically, concerning finance, Islam has strict injunctions against usury — interest is considered to be an inequitable, exploitative form of financial conduct that only serves to spread the state of indebtedness and inequality at the socio-economic level.

    E-Crypto News:

    • What are the basic elements of Islamic finance? Please, can you tell us more about this?

    The basic elements of Islamic finance revolve primarily around making sure one’s investments and financial activities only promote ethical, Sharia-compliant businesses, people and products. As usury is considered unethical, Islamic finance bans interest on loans. Furthermore, Islamic finance requires that ambiguity and deception should be avoided at all costs.
    Blockchain is truly the perfect tool for Islamic finance to ensure transparency and fairness for all.

    E-Crypto News:

    • What are Halal crypto assets? Please, can you tell us more about this?

    “Halal” crypto assets are those that have been determined to be Sharia-compliant.
    The process of determining whether an asset is halal or not requires an intermediary, in many cases, as the judgement requires a deep knowledge and understanding of both theology and the financial industry.

    E-Crypto News:

    • How does the Shariah validator work?

    Marhaba employs a team of finance experts and a team of theology experts to deliberate and vote on every single asset or service we intend to include on our platform.
    In order to be deemed Sharia compliant, and therefore permissible to include under Islamic finance, both our finance and theology teams must have consensus amongst them that the product or service is halal.
    The team is independent from the inner-workings of Marhaba in order to stay objective and get rid of any bias.
    The Shariah team has their own dashboard they review, scrutinize and make decisions on.
    The rest of the applications within MRHB Network simply consume a list of coins that are deemed to be Shariah compliant and allow our end users to trade and/or interact with these coins.

    E-Crypto News:

    • Can you tell us more about the Souq NFT Platform?

    The Souq NFT Platform (sNFT for short) will be an open, “no-code” marketplace hosted by Marhaba where individual creators can mint their own NFTs. The platform will make use of AI to detect and filter out non-Shariah compliant content i.e. NSFW content such as nudity, adult content, hate speech and racism.
    Aside from NSFW filtering, the marketplace place will be cross-chain (EVM based chains initially) and will have a built-in “uniqueness” checker to ensure no copyrighted or already existing NFTs can be re-minted.
    sNFT will also team up with orphanages and special schools to teach kids how to mint and sell their own NFT artworks, with the proceeds of these sales going directly to the participating institutions.

    E-Crypto News:

    • Can you tell us more about the liquidity harvester?

    The liquidity harvester will be a cross-chain liquidity harvesting protocol hosted in the MRHB ecosystem. It will essentially operate similar to a Savings Accounts whereby users will generate passive income 5–15% EAPR/annum*** (on stablecoins initially).

    The idea at a bird’s eye view is simple; the tool will scan the crypto universe and find the most lucrative liquidity pools across chains and protocols and offer it as an option to the end-user.

    V2 of the dApp will behave similarly to a fund where we move users funds on their behalf to most lucrative pools periodically to maximize their gains as well as open the doors to beyond stablecoins where returns can range from 30–60% EAPR whilst of course increased risk due to volatility of altcoins and impermanent loss.

    In order to remain Sharia-compliant, liquidity harvesting will be focused on profit sharing and joint ventures under a contract called Mudarabah and will only allow users to deposit Shariah-compliant tokens as well as only utilize Shariah-compliant methods such as liquidity mining as opposed to interest gains via lending, etc.

    In short, users will be able to deposit their supported Sharia-compliant tokens into supported DEX liquidity trading pools and earn returns through trading fees.

    E-Crypto News:

    • How much money is locked within the Islamic financial ecosystem? How can the cryptocurrency space help unlock this liquidity?

    Total liquidity/assets locked in the Islamic finance sector are around USD 3 trillion in value, which is around 20 times the total value of assets locked in DeFi. Currently, $0 of this Islamic liquidity is locked in DeFi, showing an enormous potential for growth once halal DeFi options are made available.
    MRHB aims to capture just 1% of this total liquidity which will set it at $30B TVL, larger than any major player like Compound or AAVE TVL.

    E-Crypto News:

    • Please, can you tell us more about governance within the MRHB DeFi ecosystem?

    It is our hope that in the future MRHB will completely decentralize and be governed entirely by its community. If you hold MRHB you can raise proposals and allow other MRHB holders to vote on protocol level changes such as fee mechanism, burn rates, buy-backs, integration of chains or pools and so on.
    Until DAO governance is released, we have two governance boards — one group that governs the protocol and one group that ensures Sharia compliance — to guide MRHB’s evolution.

    E-Crypto News:

    • Tell us more about your cross-chain DEX aggregator.

    Our DEX aggregator, or ‘The Dexregator’ as we like to call it, will be a hybrid platform that uses both on and off-chain methods for connecting to and analyzing several approved DEXes.
    It also works across blockchains, so our users will not be stuck within any single ecosystem.
    Idea of the Dexregator is to provide users with a single point of entry to the entire liquidity available across all chains thus get the best rates with minimal slippage. Dexregator will only charge a small fee if POSITIVE slippage is achieved otherwise completely feeless.

    E-Crypto News:

    • Can you tell us more about the concept behind decentralized philanthropy (De-Phi)?

    Our vision is to build the world’s first dedicated protocol for decentralized philanthropy.
    MRHB DeFi Platform users will have the option to send a portion of their crypto portfolios to approved charity organizations with full traceability and transparency while preserving donors data.
    In addition to voluntary donations and general philanthropy, we will include a system to help users make automated donations at set intervals — this is useful for Muslims to fulfill their “Zakat” obligations but at the same time help non-Muslims to fulfill their obligations as a human to help one another without compromising their privacy.

    E-Crypto News:

    • More about the $MRHB token?

    $MRHB is a digital utility token with a total supply of 1 billion.
    In addition to having monetary value when traded on exchanges, $MRHB has many uses on our platform (check our whitepaper for full list), and will have many further uses added as Marhaba grows.

    E-Crypto News:

    • What are the various functions of the $MRHB token within the Marhaba DeFi ecosystem?

    Intended uses include:

    • A $MRHB fee must be paid for a project to apply for Sharia approval
    • Fees for minting NFTs on our marketplace
    • Buying and selling NFTs on our marketplace with lower transaction fees than other cryptocurrencies
    • Fees for use of the liquidity harvester
    • Fees paid to boost a cryptoasset’s exposure in the Sahal wallet
    • Paid to users who opt in to view advertisements
    • Fees for DApps to go public on our Launchpad
    • Transaction fees on the MRHB DEX
    • Incentivization strategies to promote $MRHB on other Shariah approved projects
    • People who hold 10,000 $MRHB or more will have voting rights on our DAO
    • MRHB will be compulsory for API integrations with B-2-B customers and any payments to utilise any MRJB product

    E-Crypto News:

    • What is the general idea behind your decentralized autonomous organization (DAO)?

    DAO

    All products will have a fee that can only be paid in $MRHB. Our DAO will include a smart contract holding a pool of all fees paid.

    Our community of token holders will have voting rights on proposals, which will all be regulated through smart contracts and automatically paid out from the pool. It will be a truly automated blockchain-based system — no human interaction involved.

    E-Crypto News:

    • What are the para-chain capabilities within the MRHB DeFi ecosystem? Can you tell us more about this?

    The final phase of our platform rollout will be to migrate to the Polkadot ecosystem as a parachain.

    We are aiming to do this in order to become a truly frictionless platform bridging across a range of networks.

    E-Crypto News:

    • What is the DAO Treasury? How does it work?

    All products will have a fee that can only be paid in $MRHB.

    Our DAO Treasury which is a chain of Smart contracts will be holding a pool of all fees paid across all our products. The pooled funds will be utilized for many things including buy-back, marketing, burns, subsidization of TX fees where possible, and more.

    E-Crypto News:

    • Please, can you tell us more about the entrepreneur launchpad?

    The launchpad will be an initiative to help fund entrepreneurial dreams and goals in a Shariah compliant manner whilst utilising Quadratic Funding model.
    We aim to finance entrepreneurs from around the world, regardless of their backgrounds, to onboard Shariah approved projects to our platform.
    The projects have to be cryptocurrency-focussed.
    The launchpad will have built-in features to deter bots, “sniping” and any other exploit that puts “whales” at an advantage and will set a fair playing field for all.

    E-Crypto News:

    • How do you think MRHB DeFi will change the world?

    First and foremost, we will bring DeFi to the Islamic Finance community, representing USD 3 trillion in value. This will undoubtedly make the DeFi and cryptocurrency industry, in general, grow rapidly.

    Secondly, our hope is that the ethical, moral standards of Shariah-approved finance will be recognized by an even larger demographic, and thereby help to reposition the financial industry in many ways to become more ethical itself and not make the same mistakes fuelled by greed we see in Wall St today.

    Through blockchain technology, we can fight against injustices such as money laundering, human trafficking, excessive fees, and the opaqueness of the financial world.

    E-Crypto News:

    • Please, can you tell us more about your tokenomics?
    • From a total supply of 1 billion tokens, our tokenomics break down thus:
    • Seed: 30%
    • Treasury: 20%
    • Team: 15%
    • Platform rewards: 10%
    • Strategic partnerships: 7%
    • Advisors: 5%
    • Private whitelist: 5%
    • Exclusive entry sale: 5%
    • Public sale: 3%

    Notably, we have chosen to implement a long vesting schedule to all but the public sale tokens.
    We are committed to building a platform that brings value to the Muslim community and the world at large.
    We are steadfastly against ‘pump and dump’ schemes!

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