Internet City, Dubai, Dec. 1, 2022 – LBank Exchange, a global digital asset trading platform, will list WAHED Token (WAHED) on Dec. 5, 2022. For all users of LBank Exchange, the WAHED/USDT trading pair will be officially available for trading at 10:00 am UTC on Dec. 5, 2022.
As the world’s first investment hub for blockchain businesses in technology, sustainable initiatives and innovative companies, WAHED is focused on revolutionizing revenue management for those looking for investment funding and organizations handling social impact projects. Its native token, WAHED Token, will be listed on LBank Exchange at 10:00 am UTC on Dec. 5, 2022 to further expand its global reach and help it achieve its vision.
Startups need capital, and owing to no credit history, acquiring traditional bank loans remains a challenge for new small businesses even to this day. WAHED is the solution to the hassle of funding for technology startups and eco-friendly and sustainability-oriented startups, and it works toward offering a world of transparency, which is built on trust.
Driven by the power of blockchain, WAHED streamlines a decentralized ecosystem of fund generation with its six core components: token, portals, project management, nonfungible token marketplace, crypto exchange and foundation. All six components provide smart solutions to associate partners, helping them generate funds seamlessly and incentivize WAHED’s ecosystem as a whole.
The ecosystem of WAHED allows organizations to leverage funding from blockchain-based solutions. The token-based economy system of WAHED will help generate returns that will be reinvested into the capital-generation stream, creating a community-generated revenue stream that is distributed among all partners to establish equitable profit-sharing.
WAHED’s leadership team is composed of passionate philanthropists with expertise in entrepreneurship, blockchain technology and project management. Over the years, they have worked with various nongovernmental organizations and charitable organizations in the Middle East, Europe and Southeast Asia.
Team members include chairman Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa, vice chairman Eng. Abdulrahman Bin Ahmed Al Abdulkader, board members Sergio Torromino and Salvatore Nicotra, business development director Eng. Anas Mahmood, finance director Khalid Mustafa Jalili, strategy director Eng. Muath Abdulrahman Al Abdulkader, technology and operations director Migin Vincent, worldwide marketing director Ahmad Fayadh, sharia consultant Prof. Dr. Muwaffaq AlDulaimi, media adviser Ebrahim Alnaham, senior public relations and communications officer Farah Asad Abuzzait, and head of administration Tariq Mohamed Hassan. Together, they are the building blocks of WAHED that work toward achieving the aim of partnering with new, high-growth, innovative technology ventures and making this world a healthy space for tech-based startups.
Partnerships, grant campaign and more
Building partnerships is an essential part of the WAHED project’s future development. In addition to supporting human welfare and philanthropic initiatives, WAHED focuses on collaborating with environmental welfare initiatives and wildlife protection/animal welfare projects. WAHED recently announced its partnership with logistics specialists TASAWUQ. Currently operational in Riyadh, Jeddah and Dammam, TASAWUQ made the growing global demand for same-day delivery a reality in Saudi Arabia’s largest cities. By partnering with the blockchain specialists at WAHED, the advantages of TASAWUQ’s cloud technology and extensive partner network will be scaled for the rest of the Kingdom to experience.
WAHED also built partnerships with the Creator’s Group and EnterMed. The partnerships stand to provide a range of benefits that will undoubtedly elevate the experience and cost savings of the end users. By utilizing blockchain as a tool to promote efficiency and transparency, WAHED aims to raise the bar on how businesses can be conducted and how lives can be improved. In addition, WAHED will be hosting its Grants Program on Questbook to provide equity-free grants and support buidlers and help them grow, while striking a long-lasting strategic partnership to nurture them.
As WAHED builds partnerships and grows with communities, it will be shifting toward an autonomous governance body. Once active, the WAHED team will propose prelisted activities for the community to vote on. WAHED believes in keeping things crystal clear, and all its partners can enjoy transparency around all funding activity and project progress as it produces measurable performance metrics while leveraging blockchain ledger technology.
Additionally, WAHED also held a campaign where participants could pitch in their best business ideas for a grant worth 25,000 USDT (USDT). This campaign helped Web3 entrepreneurs get access to funds in an alternative, more approachable way, allowing them to build their dreams without worrying about the capital.
Focused on revolutionizing revenue management for those looking for investment funding and organizations handling social impact projects, WAHED extends full support to those who want to pave the way for global welfare and human economic development.
The amount raised in the WAHED Token seed round for private investors reached up to $500,000, and the tokens will be locked for one year. After that, only 5% can be withdrawn every month.
About WAHED Token
As the native utility token of the WAHED project, WAHED Token fuels the entire ecosystem by acting as the medium for economic exchange and solving core issues like transparency and lack of trust.
WAHED tokens will be used for investment in new, high-growth, innovative technology startups. It will also be allocated to various NGOs, and periodically, the tokens will be sold on the market, and the money will be released to the NGO.
WAHED Token will be listed on LBank Exchange at 10:00 am UTC on Dec. 5, 2022. The listing will undoubtedly help it further expand its business and draw more attention in the market.
Learn more about WAHED Token:
Official Website: wahedprojects.org
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