DUBAI, UAE, 13 July 2021, ZEXPRWIRE, The Public Sale of the QIN token on Emirex started on 7. July 2021, at 12:00 UTC and will be open until 8. August 2021. At the end of the Public Sale, QIN token will be listed on the Emirex Exchange as a QIN/ETH pair.
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.
Qintar is a company operating in the MENA region and is expanding its ecosystem throughout the entire GCC market. The Qintar Crosschain ecosystem is the first decentralized Islamic finance brought onto blockchain. The ecosystem is bringing traditional Islamic Finance tools such as Modaraba, Murabaha and Sukuk into the crypto sphere.
The Qintar 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.
“Qintar aims to deliver microfinance opportunities for underbanked people who are not knowledgeable on the crypto market,” said Joe Barzaq, CEO of Qintar Crosschain. “The concept is designed in a way where the lender is the token holder, and the process of Murabaha takes place through local banks or authorities, as the poor individuals in developing countries do not have access to means of technology.”
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.