Melbourne, Australia, May 21, 2023 — MRHB.Network, the world’s first halal and ethical decentralized finance (DeFi) ecosystem, has released its one-year performance report detailing the company’s many achievements during 2022.
“From Day One, our platform put ethics together with a trusted ‘community first’ mission – a concept whose importance was highlighted by the numerous failures and frauds of 2022,” said MRHB Founder and CEO Naquib Mohammed. “We are continuing to build a safe and diverse crypto community that wants to participate in this extraordinary new sector that we hope will drive more creativity, entrepreneurship, investment and commerce opportunities for all involved.”
MRHB DeFi launched their $MRHB token in December 2021 in an oversubscribed IDO, raising nearly US$5 million from 1,000 investors, 800 of whom came through MRHB’s own DeFi platform. Following are the startup’s subsequent highlights and milestones over the past year:
Products and Architecture – The Foundation of the Vision
The past year saw MRHB launch three world-first products in halal DeFi:
Launched in February 2022, Sahal Wallet is the first self-custodial and chain-agnostic mobile crypto wallet that screens out non-halal tokens. Known as the ‘Easy Wallet’ because of its user-friendly interface, it also acts as a gateway to MRHB’s entire ecosystem of halal DeFi products. Available on Android and iOS, Sahal Wallet has more than 210,000 wallet activations across six chains, with tens of millions of dollars in weekly transaction volumes. It has a number of useful features including fiat onramp, swaps, cross-chain bridges, biometrics, WalletConnect, NFT storage and is integrated with the following popular blockchains: Ethereum, BNB Chain, Polygon, Cronos, Fantom and Avalanche, with eight more partner blockchains scheduled to be integrated by Q3 2023.
While the complete One Year Performance report is only available for MRHB investors, the One Year Highlights is available here:
About MRHB DeFi Network:
MRHB DeFi Network 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.