TijarX Gold Rush Reached >$100k Transaction Volume Across Multiple Countries

MRHB DeFi
3 min readFeb 1, 2023

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Since the launch of the TijarX Gold Rush competition, we’ve had over $100,0000 tokenized gold transactions. More people are realizing that they can invest and save money in gold, which is widely considered an inflation-proof investment.

Despite the crypto bear market, the TijarX Gold Rush has attracted over 420 participants across many countries. This is the result of successfully reaching communities in different languages — English, Arabic, Persian, Turkish, Russian, and Urdu — who may see gold as a good hedge against the bear market or are just starting out with investing in gold.

What is the TijarX Gold Rush

The TijarX Gold Rush is a two-week-long competition to encourage the MRHB community to invest in gold. The tokenized gold on TijarX is 100% backed by fully allocated gold bullion secured by the Gold & Silver Standard of Ainslie Bullion Group.

Winners will be rewarded from a pool of USD 10,000 worth of tokenized gold with the grand prize winner being awarded USD 5,000 and the second and third placed winners winning USD 3,000 and USD 1,000 respectively in tokenized gold. 10 lucky draw winners will receive USD 100 in tokenized gold each. This competition ends 31 January 2023.

As the contest is based on net buys and not transaction volumes for each participant, even late entrants to the competition enjoy the same opportunities as earlier participants.

The more experienced investors would see this as an opportunity to protect their wealth in the bear market. It is widely known that gold is a good hedge against inflation as the price of gold has been stable throughout the years compared to fiat.

The TijarX Gold Rush is also a way to guide beginners into investing in gold easily. The fact that TijarX is a decentralized platform creates a low barrier to entry where anyone from anywhere can start investing in gold.

TijarX: Decentralized Commodity Exchange (Commodity DEX)

TijarX is part of the MRHB decentralized finance (DeFi) ecosystem that aims to support the more than 1.7 billion unbanked and faith-based communities.

Because the traditional commodity markets are often inaccessible, complex, expensive and inefficient, MRHB has created a halal DeFi solution. As a decentralized commodity exchange, TijarX solves the problems by ensuring that transactions are cheaper, borderless and accessible.

Currently, TijarX offers tokenized gold and silver that are 100% backed by fully allocated gold and silver bullion respectively. In its complete form, TijarX will be able to support all types of asset-backed tokenized commodities.

MRHB Trailblazing Halal DeFi and Halal Crypto

MRHB is on a mission to provide inclusive and ethical access to interest-free halal DeFi opportunities on web3 through safe and simple platforms. All of MRHB products can be accessed via its flagship product, the Sahal Wallet, which only lists halal crypto and DeFi projects. The MRHB Shariah Scholars determines the permissibility of a crypto project based on Islamic principles.

As such, the MRHB Ecosystem is set up to support and bring everyone, especially the faith-based communities, safely into DeFi. Start your halal crypto journey with MRHB by downloading the Sahal Wallet app today.

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