Biocript, the world’s first Shariah-compliant cryptocurrency trading platform, plans to expand and revolutionize the buying and selling of cryptocurrencies. In line with the adage “not your keys, not your crypto”, this blockchain-based platform aims to make users the owners of their crypto assets and avoid a failure like FTX, which cost users billions of dollars in losses.
Combining the best aspects of centralization and decentralization, BioCrypt brings back the foundation of the crypto revolution, where users truly owned their assets. Also, in compliance with Sharia standards, BioCrypt will practice Islamic Mudarabah profit sharing, where all profits are divided proportionally to the number of tokens owned.
Biokript’s founder, Adnan Alisic, explained how the model works: “The model is the perfect solution to many centralized inefficiencies.” It is common for centralized exchanges to use manipulation tactics such as wash trading, which involves trading their own currencies internally to increase trading volume. The wash trading model does not work for BioCrypt because it uses a profit-sharing model. As Islamic law prohibits any interest driven business, we do not implement features that may generate interest.
By combining the self-security paradigm of a decentralized system with the benefits of a centralized exchange, BioCrypt ushers in a crypto revolution where users have complete control over their money. Now that FTX has gone belly up, Biokript is the best option for traders who want to trade cryptocurrencies without handing over control of their assets to an exchange.
According to Tokenomics, Biokript (Biokript’s native token) is based on the Binance smart chain with a 500 million token supply. Biokript will create a deficit by burning 10% of trading fee revenue. For every 100% Bkrp appreciation, the platform will start burning 3% of its entire token supply to create the deficit. According to the schedule, Round B of the private sale will occur in January 2023, and Round C will occur in April 2023.
Biokript shares 50% of its revenue with its users, offers trading discounts (discounts to holders of its tokens) and offers halal crypto. Biokript aims to provide comprehensive risk mitigation solutions by combining artificial intelligence and machine learning, creating unlimited possibilities in the financial market through artificial intelligence and machine learning.
As a next-generation cryptocurrency exchange platform, Biocript Aims to create a profitable, efficient and Sharia-compliant hybrid cryptocurrency exchange that is completely decentralized. The Biokript team has more than 10 years of experience and is on a mission to provide new and experienced crypto investors with opportunities to participate in the new digital economy without transferring wealth to centralized institutions.
Contact person: Adnan Alisik
Email: [email protected]
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