Cryptocurrency has been under a ban in the Muslim world for a long time. Tokens and coins were equated with gambling and with the baseless high-risk assets that are forbidden by the Quran.
But the practicality of digital technology has proven that cryptocurrencies can be permissible for Muslims. Every day, crypto technology is getting permission from Muslim scholars, which opens a big tap for Arab investments, and new Arab crypto projects are popping up in the market.
Dahab is a major Muslim crypto asset
Dahab Alealam – which translates to “Gold of the whole world” in Arabic – is the main platform of modern financial solutions, built on the principles of Islamic law and Shariah.
The creation of the Muslim crypto project lasted more than two years. In cooperation with Muslim scholars, the developers of Dahab honed every point of this project so that it is fully compliant with Islamic law and does not violate Shariah.
This makes Dahab a tidbit for all modern Muslims around the world because even Bitcoin is still banned in some Muslim countries.
Dahab’s digital ecosystem offers unique digital products that will be useful not only to Muslims. Dahab is becoming an effective conduit between traditional financial services and crypto technologies.
DEX for swapping halal tokens
DahabSwap is the world’s first DeFi exchange for swapping cryptocurrency that complies with all Islamic law.
It allows millions of Muslims who are interested in crypto investing to buy and sell cryptocurrency without wasting time researching these assets for haram or halal.
DahabSwap moderators thoroughly research and vet each crypto asset before listing.
The selection of listing candidates goes through several stages to fully examine the crypto project for absolute absence of haram: riba (unreasonable interest), harrar (insecurity), maysir (signs of gambling), sinful assets (involvement in porn, intentional harm, cheating, and speculation).
A positive side effect of strictly selecting crypto projects is additional confidence in investments. As practice shows, by investing in fully halal projects, you have a better chance of making a profit even in a volatile global market. DahabSwap will be launched in Q1 2023.
DahabApp is the flagship of the project
The main user product of the project is the DAHAB App system, a mobile app that allows you to take advantage of crypto in your daily life.
It is your digital financial avatar to manage your finances and investments, as well as to communicate and pay for digital products and services such as YouTube Music, Netflix, Uber, Amazon, etc. All these features, together with the project’s internal products like DahabSwap, come together in the DAHAB App.
The first version of this app will be created in the 2nd quarter of 2023.
DHB token for the DAHAB ecosystem
The Dahab ecosystem needs seamless maintenance, accounting, and integration into the next generation digital economy.
DHB token smart contract technology, which was created solely to support and maintain Dahab Alealam’s unique products, helps meet these challenges.
DHB token on DahabSwap performs the main function of exchange between available cryptocurrencies. If the holder wants to exchange the BUSD token for SOL, he must pay the fee for this transaction exclusively in the DHB token.
In this way, users ensure that the DEX exchanger and Dahab’s indirect products operate fully and smoothly.
Every time someone trades on DAHAB DEX, the user pays a commission of 0.2%, of which 0.14% is given to the liquidity provider as a reward. The second option of additional earnings for DHB holders is Staking. The user gets an opportunity of additional earning up to 100% of APR.
DHB token is also a maintenance token for DahabApp. With crypto, you can make regular payments to familiar services like Netflix or Spotify, convert cryptocurrency to fiat, make international transactions and earn extra income from your DAHAB investment.
To fully operate and maintain our app, it will introduce commissions and subscriptions through fees in the form of DHB tokens.
Dahab token sale opens to all
Out of a possible 19 billion DHB tokens for the Open Round, the developers have allocated 1.33 billion, corresponding to 7%. The first chapter of TokenSale DHB has now launched on the official website dahabalealam.com.
Now every willing crypto investor can choose the most profitable purchase option for themselves.
The First Option is more profitable for investors in terms of price – the value of DHB Op.1 = $0.0006.
Also, this way of investing can be more convenient for most Dahab members because it is a fully automatic swap system: it is enough to connect your wallet to the official website and exchange BUSD or USDT for DHB tokens. The minimum purchase amount is $100.
Option #1 provides Lock tokens for six months from the date of purchase. Immediately after payment, your DHB tokens go to Lock, which is tied to your wallet.
After six months, you will have the option to Withdraw from the pool – you can fully manage all purchased DHB assets.
The Second Option may seem more attractive to many participants, as DHB tokens go straight to your wallet without locking.
In this case, you just have to make a transaction to one of the offered DAHAB addresses and specify your BEP20 address to receive your DHB tokens.
Because there is no blockchain for Op.2, the price of tokens is higher than in Op.1 = $0.0012. The minimum purchase amount, in this case, is increased to $500.
The advantage of Op.2 will be early access to Staking Pool up to 100% APR. Option #2 can be used at the official website or the official Telegram support bot
Join the social networks of the DAHAB project, and follow and participate in the development.
Social channels: Telegram | Twitter
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Source: https://beincrypto.com/official-tokensale-for-the-first-muslim-dex-dahabswap-launched/