Deenar is issued by Fiduciary Standard, a regulated and licensed stablecoin issuer, domiciled in Switzerland.

Deenar is a digital asset where one token represents one gram of gold, stored with a trusted custodian. Anyone who owns Deenar owns the underlying gold which is held under the custody of Brinks. The value of Deenar therefore tracks with the real-time market price of gold.

Deenar is built following the ERC-20 protocol on the Haqq Network blockchain, making it compatible with all Haqq and Ethereum wallets that accept ERC-20 tokens. All transactions operate according to the rules of the smart contract on the Haqq blockchain. Resulting in the elimination of human error and the system operating only as programmed.

Deenar is rule-based and fully automated, based on the idea of non-critical roles distributed between interchangeable actors. It is available 24/7 to facilitate settlement against various assets, meaning Deenar can be bought/sold at any time and transferred anywhere.

What is Deenar?​

Deenar (DEEN) stands out as a cryptocurrency with a unique proposition, intertwining the stability of gold with the innovation of blockchain technology. As a halal stablecoin, Deenar is backed by physical gold, with each token representing one gram of gold securely stored by Brinks. This backing provides a hedge against inflation and economic instability, appealing to both crypto and non-crypto communities.

Operating on the Haqq Network, Deenar is built on the ERC-20 protocol, ensuring compatibility with Ethereum wallets. This integration allows for seamless transactions across platforms like Osmosis and SushiSwap. Deenar's rule-based, fully automated system leverages smart contracts to eliminate human error, ensuring that transactions are executed precisely as programmed.

Beyond its technical framework, Deenar Gold offers a halal yield trading pool, aiming to generate passive income for its holders. This aligns with its mission to bring value to diverse communities. Issued by Fiduciary Standard, a regulated entity in Switzerland, Deenar adheres to stringent standards, enhancing its credibility.

The cryptocurrency's availability around the clock facilitates settlement against various assets, allowing for continuous buying, selling, and transferring. This accessibility, combined with its gold-backed stability, positions Deenar as a versatile digital asset in the evolving financial landscape.

What is the technology behind Deenar?​

Deenar (DEEN) is a digital token that stands out by being backed by physical gold, with each token representing one gram of gold securely stored with Brinks, a trusted custodian. This unique backing ensures that the value of Deenar aligns with the real-time market price of gold, providing a tangible asset foundation for its digital existence. The technology behind Deenar is rooted in the Haqq Network blockchain, utilizing the ERC-20 protocol, which is a widely recognized standard for creating tokens on the Ethereum blockchain. This compatibility allows Deenar to be used seamlessly with any wallet that supports ERC-20 tokens, enhancing its accessibility and usability.

The Haqq Network blockchain, on which Deenar operates, is designed to offer secure and transparent transactions. It employs smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These smart contracts eliminate human error and ensure that transactions are executed exactly as programmed, without the need for intermediaries. This automation is crucial for maintaining the integrity and efficiency of the system, as it operates continuously without downtime.

Security is a paramount concern in the blockchain world, and the Haqq Network addresses this by implementing robust measures to protect against cyber threats. The decentralized nature of the blockchain, combined with cryptographic techniques, makes it resistant to attacks from bad actors. Each transaction is recorded on a distributed ledger, which is maintained by a network of nodes. This decentralization ensures that no single entity has control over the entire network, making it difficult for malicious actors to alter transaction data or compromise the system.

Deenar is also available on decentralized exchanges like Osmosis and SushiSwap, which are built on the Cosmos and Ethereum blockchains, respectively. These platforms allow users to trade Deenar without relying on centralized exchanges, further enhancing the security and privacy of transactions. The decentralized exchange model ensures that users retain control over their assets, reducing the risk of hacks and fraud associated with centralized platforms.

The issuance of Deenar is managed by Fiduciary Standard, a regulated and licensed stablecoin issuer based in Switzerland. This regulatory oversight provides an additional layer of trust and credibility, ensuring that the gold backing each token is securely held and accounted for. The regulatory framework also ensures compliance with international financial standards, providing assurance to users about the legitimacy and stability of Deenar.

In the broader context of its ecosystem, Deenar's vision and mission have been discussed in various forums, including an AMA on the HAQQ Network's X space. These discussions highlight the commitment to providing a halal digital token that aligns with ethical and religious principles, catering to a diverse audience seeking compliant financial products. This focus on ethical finance is part of Deenar's broader strategy to appeal to users who prioritize transparency, security, and compliance in their financial transactions.

The rule-based and fully automated nature of Deenar allows it to facilitate settlements against various assets around the clock. This 24/7 availability means that users can buy, sell, or transfer Deenar at any time, providing flexibility and convenience in managing their digital assets. The system's design ensures that all transactions are processed efficiently, without the delays often associated with traditional financial systems.

By leveraging the ERC-20 protocol on the Haqq Network blockchain, Deenar benefits from the extensive infrastructure and security features inherent in these technologies. This integration ensures that Deenar remains a reliable and secure digital asset, capable of meeting the needs of users seeking a stable and gold-backed cryptocurrency.

What are the real-world applications of Deenar?​

Deenar (DEEN) is a digital asset that represents one gram of gold, securely stored with Brinks, a trusted custodian. This unique feature allows Deenar to track the real-time market price of gold, offering a stable value proposition. Issued by Fiduciary Standard, a regulated entity in Switzerland, Deenar is built on the ERC-20 protocol within the Haqq Network blockchain. This ensures compatibility with Haqq and Ethereum wallets, allowing seamless transactions governed by smart contracts, which eliminate human error.

In the realm of finance, Deenar facilitates halal yield trading and provides liquidity to Deenar pools on decentralized platforms like Osmosis and SushiSwap. These applications enable users to engage in ethical trading practices while contributing to the liquidity of the ecosystem. Deenar's vision extends beyond the crypto sphere, aiming to bring value to both crypto and non-crypto communities.

Deenar's potential applications span various industries. In healthcare, it could streamline transactions and ensure secure data sharing. In supply chain management, Deenar can enhance transparency and traceability, ensuring that goods are tracked efficiently from origin to destination. The voting systems sector could benefit from Deenar's blockchain technology, providing secure and tamper-proof voting processes.

At the time of writing, Deenar's real-world applications are primarily focused on its role as a stable digital asset linked to gold and its use in decentralized finance platforms. While it holds potential for broader applications in industries like healthcare and supply chain management, these are areas of future exploration rather than current implementations.

What key events have there been for Deenar?​

Deenar (DEEN) emerges as a distinctive player in the cryptocurrency landscape, primarily due to its backing by gold and its compliance with halal principles. Launched in 2024, Deenar is issued by Fiduciary Standard, a regulated entity based in Switzerland. Each Deenar token represents one gram of gold, securely stored with Brinks, ensuring that its value aligns with the real-time market price of gold. This unique structure positions Deenar as a stablecoin that offers both stability and ethical investment opportunities.

One of the pivotal moments for Deenar was its launch on the Haqq Network blockchain, utilizing the ERC-20 protocol. This integration allows Deenar to be compatible with Ethereum wallets and facilitates seamless transactions across the Haqq ecosystem. The blockchain's smart contract capabilities ensure that transactions are executed precisely as programmed, minimizing human error and enhancing reliability.

Deenar's presence expanded with its listing on prominent decentralized exchanges such as Osmosis and SushiSwap. These listings provided liquidity and accessibility, enabling users to trade Deenar across different platforms. The availability of Deenar on these exchanges marked a significant step in its adoption and integration into the broader cryptocurrency market.

To further engage with its community and potential investors, Deenar participated in an Ask Me Anything (AMA) session on the HAQQ Network. This event offered insights into Deenar's vision, technological framework, and future plans, fostering transparency and building trust within the community.

Additionally, a comprehensive guide was released to assist users in providing liquidity to Deenar pools. This guide served as an educational resource, empowering users to participate actively in the Deenar ecosystem and benefit from liquidity provision.

Deenar's rule-based and automated nature ensures that it operates continuously, facilitating transactions and settlements against various assets around the clock. This 24/7 availability underscores its utility as a stable and reliable digital asset, capable of being bought, sold, and transferred globally without restrictions.

Who are the founders of Deenar?​

Deenar (DEEN) emerges as a digital asset intricately tied to the value of gold, with each token representing one gram of gold stored securely. The minds behind Deenar are Maruf Yusupov, Mohammed Alkaff AlHashmi, and Alex Malkov. These founders have played pivotal roles in shaping Deenar's identity as a stablecoin issued by Fiduciary Standard, a regulated entity in Switzerland. Their backgrounds and contributions to the cryptocurrency landscape are not widely documented, leaving their public perception and any controversies largely unreported. Deenar operates on the Haqq Network blockchain, leveraging the ERC-20 protocol for seamless transactions.