How MRHB Token Holders can Earn Passive Income from Trading Fees and 5 Million Pool of $MRHB Rewards by being Liquidity Providers!
Before we begin, let us take a moment to thank you, our loyal community, for making our fundraising a success! Despite the thin holiday market, the IDO was successfully completed on DODO and ZeeDO launchpads earlier this month. Altogether we have raised US$5.5m with around 85% coming from a global community of investors looking for an ethical and halal entry into the cryptoverse.
Our DEX listing is already active on the popular PancakeSwap, a leading decentralized exchange on Binance Smart Chain (BSC) and early supporters of our project will now be able to invest their tokens and earn both trading fees profits, and receive rewards.
$MRHB Token Holders can now become Liquidity Providers on PancakeSwap and earn their share of the pool of 5,000,000 MRHB token rewards over the next three months!
PancakeSwap uses the Automated Market Maker (AMM) model where, instead of standard buy/sell order books, trades are done through a ‘Liquidity Pool’ whereby users will invest funds (become Liquidity Providers or LP’s) to the pools to facilitate swaps.
How Liquidity Providers can earn:
We have set up the following MRHB/USDT liquidity pool on PancakeSwap:
Note that MRHB Rewards only apply to LP tokens from this pool!
1. By supplying liquidity to the pool, the liquidity providers earn transaction fees as profit. The total trading profit made will be divided among the LPs prorated to the number of funds contributed and the time funds are invested in the pool.
2. In addition MRHB DeFi will offer a reward to the LP investors on the condition that they invest funds into the pool at any point during the three-month loyalty period. The $MRHB token reward pool will initially begin at 5,000,000 to be shared among the LP token holders. The number of tokens awarded will change over time but will be visible on the MRHB Reward Dashboard (https://rewards.mrhb.network/). Investors can withdraw their funds at any time.
The reward is provided by a third party — MRHB DeFi, as a conditional gift ( ‘hibah muallaqah bi al-sharth’) as a gesture of appreciation to our loyal supporters and is permissible according to the Islamic Fiqh since there is no (bilateral) exchange contract or transaction between MRHB DeFi and LPs (liquidity providers).
Please note that such LP rewards are not fixed as the share of reward depends on various factors such as the number of providers and time invested. In addition, such rewards must be considered together with the price movements of the MRHB token to assess the overall return to the token holder should they withdraw their funds from the liquidity pool.
EXTRA BONUS! For the LPs who lock their tokens for the full 90 days in the pool, you will have the right to claim an NFT from the first collection at our Souq NFT marketplace! Yet, another reason to provide liquidity to the MRHB/USDT liquidity pool.
Souq NFT is the first anti-NSFW NFT marketplace in the world that is focused on creating an ethical and halal marketplace for digital art and other NFT assets.
Please be vigilant against scammers and fake addresses. Exercise caution whenever you participate in transactions.
- Always ensure that you are interacting with the correct contract address for $MRHB BEP20 Token:
NO OTHER ADDRESS IS VALID AND WE CAN NOT BE HELD RESPONSIBLE IF YOU SEND FUNDS TO ANOTHER ADDRESS.
2. Please keep in mind that we will never ask for funds through our communications. You should only access links provided on our official channels on Twitter, Telegram, and Facebook where we provide the most current and accurate information about the developments of $MRHB.
3. Before you begin, we would also like to invite you to read this article from Binance Academy on “Impermanent Loss”. Please also watch these videos on:
- How to Buy/Swap MRHB Tokens Using Metamask Wallet: https://www.youtube.com/watch?v=A-LqaeY9Ttw
- How to Make Passive Income by Providing Liquidity on Pancakeswap: https://www.youtube.com/watch?v=jebBMzes0HY
Alternative Walkthrough on How to Add Liquidity on PancakeSwap
Quick Update on Sahal Wallet
We are in the process of adding some great additional features to the wallet and this has resulted in a shift of the launch to the end of January. Hopefully, our successful IDO and rewards will keep our community happy until then!
We appreciate the amazing support from our community and investors. Thank you for being with us thus far in our journey and please stay up to date with us only on the following channels:
MRHB DeFi Official Channels
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