MRHB DeFi follows the successful DEX (decentralized exchange) listing on Pancakeswap with its first CEX (centralized exchange) listing on LBank as it continues to bring DeFi opportunities to communities previously discouraged or excluded from the cryptoverse.
Islamic DeFi $MRHB Token featured on Nasdaq Top 7 in Jan to List on LBank Global Exchange
1. Islamic DeFi $MRHB Token featured on Nasdaq Top 7 in Jan to List on
LBank Global Exchange
MRHB DeFi follows the successful DEX (decentralized exchange) listing on Pancakeswap with
its first CEX (centralized exchange) listing on LBank as it continues to bring DeFi opportunities
to communities previously discouraged or excluded from the cryptoverse.
Melbourne, Australia, February 17, 2022 -- MRHB DeFi, the world’s first decentralized finance (DeFi)
platform dedicated to providing only ethical and halal crypto opportunities, is pleased to announce the
listing of their $MRHB token on their first centralized exchange (CEX) platform, LBank cryptocurrency
exchange.
In addition to listing the token, MRHB and LBank will embark on a series of promotions which will also
include a trading competition with attractive prizes, with details to be announced later. By coupling the
benefits of crypto with the familiarity of fiat, MRHB’s listing on LBank opens the doors of DeFi to
users of all backgrounds and will significantly increase awareness and boost token liquidity for
MRHB.
Details for the MRHB token listing on LBank are as follows:
Deposit time: 4pm (UTC+8), Feb. 16, 2022
Trading start time: 9pm (UTC+8), Feb. 17, 2022
Withdrawal time: 4pm (UTC+8), Feb. 18, 2022
Trading Pair: MRHB/USDT
2. “We are pleased to onboard the $MRHB token to our exchange,” said LBank CEO, Allen Wei. “We’ve
discovered that LBank shares many values with MRHB, one in particular, is inclusion. Our collaboration
will certainly help the both of us reach out to a wider audience.”
Wei is referring to MRHB’s strong focus on excluded communities and ethical business practices
in its outreach to a wider audience of previously unreachable demographics, including the more
than one billion-strong Muslim community seeking a halal entry to cryptocurrency investments.
Founded in 2015, LBank is an established centralized cryptocurrency asset trading platform known for
being a safe and convenient platform. Over US$1 billion in trading volume is transacted on LBank every
day. At the time of this writing, the CEX is ranked Top 23 on Coinmarketcap.
Another Month of Strong Traction for the MRHB Project and Token
The $MRHB token listing on LBank this month follows a successful over-subscribed IDO at the end of
December. Including private funding rounds, MRHB DeFi raised investment worth US$5.5 million, over
85 percent of which came directly from their own enthusiastic community of more than 60K supporters.
“We are excited to announce the MRHB token listing on LBank, our first centralized exchange,” said
MRHB DeFi CEO Naquib Mohammed. “The listing is strategically timed just before our next product
launch — the Sahal Wallet, the world’s first non-custodial wallet for users who need an easier
way to access ethical and halal crypto assets. The wallet also serves as a community gateway
to our ambitious eight-product ecosystem.”
MRHB DeFi’s strong traction and vision have not gone unnoticed. The project token was picked as one
of ‘7 Killer Cryptos to Buy for January on Nasdaq and InvestorPlace last month. The Center for
Global Muslim Life also listed MRHB DeFi as one of ‘The 10 Most Innovative Global Muslim
Blockchain & Metaverse Projects to Watch in 2022’.
Opening the Doors to DeFi
MRHB DeFi was created to bridge a perceived gap — to provide 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 and 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.
“Blockchain and cryptocurrency have immense potential and represent a new paradigm in
finance that the world can benefit from,” added CEO Naquib. “As such, it is important for these
opportunities to be open to all communities, for none to be excluded.”
3. With the current Islamic Finance market worth about US$3 trillion, by attracting even a small portion of
Islamic liquidity into DeFi, the company stands to significantly boost the total value of the global DeFi
sector.
Enroute to an Ethical Ecosystem of 8 Halal DeFi Offerings
The MRHB Sahal Wallet, launching Feb 22, is a cryptocurrency wallet that lists and only accepts tokens
certified by MRHB’s Shariah Governance Board. Along with the already launched Souq NFT
Marketplace, MRHB has six other products to release, including a ‘Liquidity Harvester’ offering passive
yields of 5% - 15% and a decentralized philanthropy solution ‘DePhi’.
In addition to LBank, $MRHB is also available for trades on PancakeSwap, a leading decentralized
exchange on the Binance Smart Chain (BSC) network, currently offering a pool of 5 million MRHB
tokens to reward LPs (liquidity providers).
The ethical startup is backed by partners and investors, including Sheesha Finance, Australian Gulf
Capital, Polygon Technology, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital
Assets, ZKSync, Acreditus Partners, EMGS Group, Sinofy Group, Masary Capital, Sukhavati
Protocol and MKD Capital, amongst others.
About MRHB DeFi:
MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of “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 and industry professionals, who have all come together to ensure that MRHB DeFi
prevails in a manner that will impact society as a whole, essentially bridging the gap between faith-
conscious communities and the blockchain world.
About LBank:
LBank Exchange, founded in 2015, is a cryptocurrency exchange globally recognized as being safe and
convenient, with over 6.4 million registered users from more than 210 regions around the world and an
average daily trading volume exceeding US $1 Billion. With seven years of industry experience, LBank
Exchange offers traders access to the most cutting-edge and innovative projects and brings
unparalleled services and market exposure to entrepreneurs.
MRHB DeFi Official Channels:
Website: https://mrhb.network
Twitter: https://twitter.com/marhabadefi
Telegram: https://t.me/mdf_official
Telegram Announcements: https://t.me/marhabadefi_ANN
