About The BioKript Solana Blockchain
BioKript’s invention revolves around the Solana blockchain, which is widely recognized for its remarkable speed and efficiency. Solana is designed to process thousands of transactions per second, in contrast to existing blockchain networks that have trouble scaling and experiencing long transaction times. For a high-performance trading platform like BioKript, this makes it the perfect option. The Solana blockchain’s salient characteristics comprise:
Low Costs: Because of the network’s efficiency, users can trade at a lesser cost because transaction costs are reduced.
High Throughput: Compared to most other blockchains, Solana can perform more than 50,000 transactions per second (TPS).
Scalability: Solana can handle increasing numbers of users and transactions without sacrificing performance thanks to its scalable architecture.
Low Latency: Solana offers a rapid and seamless trading experience since transactions are validated in a matter of seconds.
SHARIAH COMPLIANT MINING OF LIQUIDITY
The Issue
When investigating DeFi platforms, people who are looking for bitcoin investment opportunities frequently run into the problem of upholding Shariah laws. A common DeFi technique, yield farming has several subtypes, such as Staking, Lending, and Liquidity Mining. Not all of these subcategories, though, are in line with Islamic morality. For example, Muslims who are interested in DeFi investments face difficulties because lending entails interest, or Riba, which is forbidden in Islam.
Liquidity providers (LPs) engage in yield farming, whereby they lock up bitcoin assets in liquidity pools and receive rewards in exchange. Users can supply liquidity to decentralized exchanges (DEXs) or DeFi platforms through liquidity mining, a subset of yield farming, in exchange for rewards in the form of extra tokens or transaction fees. But in order for liquidity mining to be Shariah-compliant, it needs to fulfill a few requirements: the tokens utilized need to follow Shariah laws, returns shouldn’t be assured, and LPs should get a percentage of the pool’s profits instead of a set sum.
The solution
Biokript’s Liquidity Mining complies with Shariah regulations by guaranteeing token compliance, non-guaranteed returns, and a portion of pool earnings. This moral strategy offers a safe and welcoming environment for cryptocurrency fans who want to actively participate in DeFi while upholding their moral principles. The future of Shariah-compliant cryptocurrency investing lies with Biokript, thanks to its lucrative, time-limited APY rates when you lock your tokens.
APY rates are as follows:
● Lock in at 60% APY for three months.
● 140% annual percentage yield with a 6-month lock.
● 12 month lock: 300% APY.
Shariah compliant tokens
Shariah-compliant tokens can be created as part of the liquidity mining process. By not working with illicit industries like alcohol, gambling, or interest, Biokript makes sure that these tokens follow Islamic law (Riba). LPs can be certain in the moral character of their investments thanks to this dedication to the creation of ethical tokens.
Shariah compliance highlights the idea that investment rewards shouldn’t be promised. This idea is upheld by Biokript’s liquidity mining feature, which lets LPs gain or lose liquidity in response to the success of the pool and external market factors. This strategy guarantees that investments follow Islamic notions of shared risk, such as Maisir (gambling) and Gharar (uncertainty).
In summary
The blazing-fast Solana exchange from BioKript is a major advancement in the cryptocurrency trading space. BioKript provides an unparalleled trading experience that is marked by speed, efficiency, security, and affordability by utilizing the power of the Solana blockchain. Platforms like BioKript are opening the door for a more inventive, open, and inclusive trading environment as the cryptocurrency market develops. Regardless of your level of experience or where you are in the crypto world, BioKript offers the tools and resources you need to be successful. With BioKript’s cutting-edge Solana exchange, embrace the future of cryptocurrencies and seize new chances in the exciting realm of digital finance.
For more information:
Website: https://sol.biokript.com/
Twitter: https://twitter.com/biokript
Telegram: https://t.me/biokript
Instagram: https://www.instagram.com/biokript/
Facebook: https://www.facebook.com/biokript
Author
Forum Username: Kenconowungu
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2609568
Sol wallet address: DQK6o5aCSeBpRwYdKFQoMcHCva6BAQ9UbzuboooqJUFq
