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Melbourne, Australia — The world’s first ethical and halal DeFi ecosystem platform MRHB DeFi Officially ended its last public IDO round of successful fundraising on the DODO and ZeeDO launch pads, and raised a total of A total of 5.5 million U.S. dollars, about 85% of which are from the global investor community, who are seeking to enter the crypto world in an ethical and halal way.
After IDO was closed, MRHB tokens were immediately listed on the popular DEX Pancake swap, The leading decentralized exchange on Binance Smart Chain (BSC). For the first time, early supporters of the project were able to trade and exchange their MRHB tokens.
Provide liquidity providers with a USD 5 million MRHB token reward pool
Pancakeswap does not use a standard buy/sell order book, but uses an automated market maker (AMM) model, which uses a “liquidity pool” for transactions in which users invest funds (becoming liquidity providers or LPs) into the pool To promote swaps.
MRHB DeFi is now announced In the next three months, holders of $MRHB tokens can become liquidity providers on PancakeSwap and receive a share from the 5,000,000 MRHB token reward pool.
PancakeSwap has set up the following MRHB/USDT liquidity pools, and MRHB Rewards is only applicable to this pool:
The liquidity provider of the pool can obtain income in two ways:
1. By providing liquidity to the pool, the liquidity provider earns transaction fees on PancakeSwap as a profit. The total trading profit obtained will be distributed among the LPs, which is proportional to the amount of funds invested and the time the funds are invested in the pool.
2. In addition, MRHB DeFi will reward LP investors on the condition that LP investors invest their funds in the pool at any time during the three-month loyalty period. The $MRHB token reward pool will initially start at 5,000,000 and will be shared by LP token holders. The number of rewarded tokens will change over time, but will be visible on the MRHB rewards dashboard (https://rewards.mrhb.network/). Investors can withdraw funds at any time.
As an additional reward to LPs, MRHB DeFi announced that LPs who have locked their tokens in the pool for a full 90 days will be entitled to claim NFTs from their first collection. Souq NFT market. Souq NFT is the world’s first anti-NSFW NFT market, focusing on creating a Ethics and halal market Used for digital art and other NFT assets.
MRHB DeFi provides more detailed instructions on how to become a liquidity provider in the following video:
https://www.youtube.com/watch?v=jebBMzes0HY
Conditional “Hibah” gift
LP token rewards are defined as a conditional gift (‘hibah muallaqah bi al-sharth’) provided by a third party, which is allowed according to Islamic teachings. Since there is no (bilateral) exchange contract or transaction between MRHB DeFi and LP (liquidity provider), MRHB DeFi is regarded as a third party and rewards are provided as a thank you to its loyal supporters.
Since the share of the reward depends on various factors, such as the number of providers and the amount of time invested, such LP rewards are not fixed, although they will be stated when the tokens are invested in the liquidity pool.
This reward must also be considered together with price changes (Impermanence loss) MRHB tokens to evaluate the overall return of token holders when they withdraw funds from the liquidity pool.
Vigilance reminder
The correct MRHB DeFi contract address of $MRHB BEP20 Token is as follows:
https://bscscan.com/address/0xd10332818D6A9B4b84bf5d87DbF9D80012FDF913
MRHB token holders are reminded to be alert to scammers and false addresses, and to exercise caution when participating in transactions. Only the following official channels contain the latest and accurate information about the development of $MRHB.
MRHB DeFi official channel
MRHB rewards dashboard: https://rewards.mrhb.network
website: https://marhabadefi.com
Twitter: https://twitter.com/marhamadefi
telegraph: https://t.me/mdf_official
Telegram announcement: https://t.me/marhamadefi_ANN
YouTube: https://www.youtube.com/channel/UCHuvZG9DbS5ffeoqLX_bERg
Moderate: 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/marhamadefi_russia
Telegram (Turkish): https://t.me/MarhabaDefiTR
Telegram (Persian): https://t.me/mrhbdefi_persian
Telegram (Urdu/Hindi): https://t.me/MRHBDeFi_Urdu_Hindi
About MRHB DeFi
MRHB DeFi is a halal, decentralized financial platform that aims to embody the true spirit of “ethical and inclusive DeFi” by following faith-based financial and business principles. All excluded communities can benefit from the full empowerment potential of DeFi Benefit from it.
The diverse team consists of researchers, technologists, influencers, Islamic fintech experts, and business entrepreneurs. They come together to ensure that MRHB DeFi prevails in a way that affects the entire society, and fundamentally bridges communities and districts with faith. The gap between the blockchain world.
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