17.02.2022 Views

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.

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.

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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


“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.”


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 faithconscious

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


YouTube: https://www.youtube.com/c/MarhabaDeFi

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

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

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

Facebook: https://www.facebook.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 Marketplace: https://souq.mrhb.network

Media Contact:

cecilia@marhabadefi.com

dean@yourprstrategist.com

pr@yourprstrategist.com

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