Permissionless Halal DEX TijarX for Frictionless Commodity Trading

DUBAI, UAE - Oct. 4, 2022 - PRLog -- MRHB.Network, a pioneering decentralized finance platform focused on creating ethical and halal crypto solutions, has launched TijarX, the first halal decentralized exchange (DEX) for physical commodities. Physical gold and silver-backed tokens are the first to be listed.

TijarX is a blockchain-powered exchange that brings precious metals and other physical commodities on-chain via tokenization and traded via smart contracts, allowing for these assets to be fully integrated into the wider Web3 and DeFi markets. Notably, all commodities tokens to be listed on the exchange will be halal.

"We are extremely proud to finally launch TijarX and offer tokenized commodities to ethics-conscious investors around the world," said MRHB CTO Deniz Dalkilic. "Our core aim is to add maximum utility to our Web3 ecosystem by bringing precious and illiquid commodities - which are difficult to transport and store in physical form - onto the blockchain. By tokenizing these commodities, they are made available to a much larger market who can trade or invest in these real-world assets."

Dalkilic added, "To celebrate the launch, we are also making the TijarX free from any transaction fees for the next 6 months, hence further reducing the cost of investing and trading the precious metals."

The first commodities to be listed on the exchange will be tokenized gold and silver by Gold & Silver Standard (GSS) of the Ainslie Bullion Group. Each Gold Standard ($AUS) and Silver Standard ($AGS) token listed on TijarX is 100% backed and redeemable by physical bullion securely stored and verifiable, in the Ainslie vaults, Australia's leading bullion dealers since 1974.

MRHB partners Ainslie to deliver TijarX gold and silver solutions:

As part of MRHB's aspirational roadmap, the tokenized commodities that could be listed on the TijarX exchange by future partners may include copper, wheat, potable water, oil or gas, among others.

TijarX is accessible through Sahal Wallet, a self-custodial and multi-chain crypto wallet built by MRHB, that acts as a portal to the entire MRHB ecosystem of ethical financial services.

Developed to Make Commodity Trading Reliable and Convenient

The exchange is designed and architected to be simple, intuitive and scalable from the ground up. Keeping up with the ethos of DeFi, the software is open-source — meaning any developer or team can build upon it.

TijarX functions similarly to how other decentralized exchanges (DEXs) work, with trading pairs of different currencies being made available through liquidity pools owned by external suppliers. For example, users will have the option of purchasing GSS's gold tokens in USDT/AUS and USDC/AUS trading pairs.

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