Emirex is pleased to announce an IEO (Initial Exchange Offering) partnership with Qintar, an innovative payment system based on the concept of Islamic Finance that empowers individuals and provides a means of safe passive income while rewarding DAO participants.
With the most business and trust in the Middle East, Emirex is happy to assist original projects and release their full market potential, for which the exchange will list and promote the Qintar token. As part of the Emirex Initial Exchange Offering (IEO), Qintar tokens (QIN) will be available for purchase in phases.
What is Qintar?
The Qintar DeFi Platform operates under a code of conduct borrowed from the theory of Islamic Finance, which in essence means fair access to financial opportunities for everyone with an equal share of risk and gains. The theory of Islamic Finance strongly opposes predatory lending and strives to create a win-win environment for both borrower and lender.
Islamic Lending
- Socially responsible investment;
- Fair access to financial opportunities;
- Opposes predatory lending;
- Avoidance of deception;
- Win-win for both borrower and lender.
Qintar is an ecosystem that includes 3 Islamic finance tools: Murabaha, Modaraba, and Islamic Community Bank (Peer to Peer Lending).
Qintar Microfinance Murabaha platform aims to support individuals in the areas of:
- Handcrafts
- Technology (After accomplishing training programs)
- Agriculture
- Raising Cattle & Poultry
- Primary industry: Qintar Murabaha offers proper microfinance opportunities to those who need it most.
Banks and local governments will have access to a single platform based on the Grameen Bank concept. The platform will allow banks and local governments to upload the data of those who are seeking the "Murabaha" as well as the specifics of the request.
Qintar is allowing everyone to contribute a portion of their assets in this innovative microfinance idea due to the genuine need to establish an alternative credit line for people who truly need it. Qintar Token DeFi will be a feature-rich ecosystem with innovative capabilities ranging from traditional funds to crowdfunding-style concepts to full-fledged DeFi aggregators.
This comprises the DeFi lending and staking platform, which adheres to Islamic financial concepts and the "Murabaha" responsibilities. The staking platform will allow token owners to be lenders to those seeking microfinance, and as a result, they will be able to earn from this just by keeping the tokens in their wallets. Whoever purchases the token helps someone else in a poor country improve their life while also profiting.
Link: What is Qintar Crosschain Ecosystem?
Public Offering
The total supply of Qintar Token is 1,000,000,000 QIN, which will be represented on the Ethereum Blockchain as an ERC20 token. A regulated lock-up will apply to Qintar tokens allocated to certain distributions.
- Total supply of Qintar Tokens: 1,000,000,000 QIN
- Available for purchase (IEO): 40,000,000 QIN
- Total Raise: 400,000 USDT
- IEO price: $0.01
- 40,000,000 QIN will be unlocked on the first listing day.
- Any unsold tokens during the Public Sale Round will be burned.
Tokens will be allocated to user accounts on the Emirex Exchange Market, a platform for investors and traders that makes digital asset trades simple, fast, compliant, and secure.
Learn more about Qintar by visiting their Official Website, Twitter, Telegram, Medium, GitHub, White Paper, Demo, or Etherscan.
About Emirex
Emirex is a cutting-edge platform that comprises an exchange as well as a marketplace where users may trade any store of value for digital assets. It provides 24-hour assistance as well as time-tested platform stability, ensuring the protection of assets and data. The team recognizes the significance of digital assets and tries to make the world a more free place to live through public, open, fair, and censorship-resistant networks that serve humankind.
