MRHB, the First Halal DeFi Token, Makes Maiden Foray into European Markets with EUR Trading Pair on Bitlocus Exchange

Dubai, U.A.E., 27th July, 2022 MRHB.Network, the first decentralized finance platform committed to supporting ethical and halal crypto products, has listed the $MRHB token on the Bitlocus crypto exchange and now offers EUR trading against its native token. In addition to its USDT pair, the new trading pair MRHB/EUR is part of the halal token’s foray into European markets, enabling crypto users to make instant fiat-crypto conversions.

Bitlocus is the fourth global centralized exchange to list MRHB, including LBank, BitMart and CoinTiger. The token can also be traded on PancakeSwap, a leading decentralized exchange.

The listing in Bitlocus comes as part of a long term and wider partnership between the two entities, where Bitlocus will facilitate MRHB expansion to the European markets through the services and products of its various sister entities. Incidentally, Bitlocus has been one of the earliest allies and supporters of the MRHB Team since its ideation phase.

The Bitlocus cryptocurrency exchange was founded in 2018. Based and registered in Lithuania, they are under the strict, trustworthy regulation of the EU. Bitlocus offers spot trading of more than 16 tokens and cryptocurrencies with EUR as the base currency, along with a fiat on/off-ramp.

The MRHB DeFi platform is built specifically to help onboard communities previously excluded from cryptocurrency, such as the world’s 1.8 billion Muslims representing a financial market worth about US$3 trillion. To ensure the decentralized finance ecosystem is halal, and therefore permissible for Muslims to use, the MRHB DeFi team employs an advisory board that vets all cryptocurrencies and services on the platform according to strict ethical and halal guidelines.

On Building a Better DeFi Platform

The flagship product and cornerstone of the MRHB DeFi platform is Sahal Wallet, a self-custodial cryptocurrency wallet available on both iOS and Android. Notably, Sahal Wallet only accepts halal tokens and acts as a gateway portal to the entire MRHB DeFi ecosystem.

The company has had a string of strong product launches since they listed their token in December 2021 in an oversubscribed IDO, raising over US$5.5 million in funding. Including Sahal Wallet, MRHB DeFi also launched SouqNFT — a marketplace for ethical NFTs that also hosts halal compliance certificates from Shariah Experts in immutable, unforgeable NFT form. Coming up this year are a halal liquidity harvester that generates passive yields of 5% to 15%, an exchange for tokenized commodities and metals, a world-first halal DeFi staking solution and numerous enhancements to Sahal Wallet including reversible transactions.

Other ambitious products on their roadmap to be launched in 2023 include an interest-free crypto financing solution, decentralized philanthropy, an entrepreneur launchpad and decentralized autonomous governance.

MRHB DeFi Network is backed by a number of partners and investors, including Polygon Technology, Sheesha Finance, Australian Gulf Capital, NewTribe Capital, Blockchain Australia, Mozaic, Contango Digital Assets, ZKSync, Acreditus Partners, EMGS Group, Sinofy Group, Sukhavati Protocol and MKD Capital, amongst others.

About MRHB.Network

MRHB.Network 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.

About Bitlocus

Bitlocus is a global financial technology company that operates the Bitlocus cryptocurrency exchange. The main mission of Bitlocus is to bring fiat and cryptocurrencies together via features such as fiat-to-crypto exchange, fiat-friendly gateway to DeFi protocols, payment cards, crypto payments processing, liquidity, and other services for business and retail clients. For more information please visit https://bitlocus.com/.

MRHB.Network 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

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