The emergence of cryptocurrencies has been nothing short of revolutionary. With every new development in the field, more control and autonomy are being passed into the hands of individuals and investors.
Biokript exchange is another such bright node in the constellation that is the crypto world. It brings simple and smart mechanisms to reward its users and foster community engagement. At the center of this rewarding approach is the concept of Mudarabah, an Islamic principle for profit-sharing.
Discovering the Islamic Mudarabah Principle in Biokript
Mudarabah, originating from Islamic finance, is a principle based on a profit-sharing arrangement between capital providers and entrepreneurs. This arrangement ensures that both parties share the profits and losses generated by a specific venture. As a unique investment model, Mudarabah creates a platform for mutual benefit and cooperation between investors and entrepreneurs.
The Mudarabah principle is designed to uphold ethical financial practices, ensuring a fair allocation of profits while eliminating exploitative practices, such as usury or deceptive transactions. Its core values lie in promoting justice, honesty, and equitable wealth distribution.
Biokript’s application of Mudarabah enables a straightforward 50/50 profit-sharing allocation between the company and BKPT token holders. This means that profits generated from trading fees, listing fees, and token appreciation are split evenly among stakeholders, including the platform itself and its active participants.
Biokript Fee Structure
At its core, the Biokript exchange is a platform for trading in cryptocurrencies. The exchange charges a nominal 0.20% fee from both makers and takers. However, the holders of Biokript tokens — or BKPT tokens — receive an automatic discount on these fees.
The exchange also levies a small fee for credit or debit card purchases, a common practice in retail finance. However, Biokript’s unique approach is evident in the way it handles listings. The Biokript leadership is selective in choosing the projects and coins that find a place on its platform.
This exchange looking to list their tokens are charged a listing fee, but not before undergoing detailed scrutiny for security compliance. This method ensures that only the most promising and secure projects secure a place on the Biokript exchange.
Community engagement is key to Biokript’s model. To weave their community into the fabric of the exchange’s decision-making, Biokript charges a fee for voting rights on token listing. It allows users to have an impactful engagement with the exchange while enriching their investment experience with direct involvement.
The BKPT Token and the Profit-Sharing Model
In line with their user-empowering principles, the exchange pays back its users with profits through a unique mechanism. At the heart of this model is the BKPT token, tied to the Binance Smart Chain contract.
At the end of every month, the BKPT token executes a market buy order from the exchange’s wallet which holds all the trading profits. This frequent stimulus aids in growing the token’s price and solidifies investors’ faith in the Biokript brand.
Additionally, to create scarcity, a 10% segment of all trading revenues is set aside for token burn. As the token appreciates in value, a percentage of the total supply is burned. This method ensures a fair distribution of profits, plus a steady appreciation in the token’s value.
The Mudarabah Principle and the BKPT Token
The Mudarabah principle — an Islamic guideline for shared-profit partnerships — is at the core of Biokript’s revenue model. In alignment with this principle, Biokript splits its profits 50/50 between the company and its investors. Profits are distributed based on token holdings — the more tokens held by an investor, the larger their share in the profits.
In Conclusion
Biokript Exchange is a fresh take on crypto trading. It combines the practicality and potential of cryptocurrencies with the fairness and balance of the Mudarabah profit-sharing principle. The result is a unique entity that offers solid rewards for participation, with an engaging and fair structure. Advance your crypto possibilities today with Biokript Exchange, a trading platform that values and rewards your participation.
Author : harum93
Binance Smart Chain Wallet Address : 0x4208898e7DED0f3585d586308b394e32259B77f3
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