The Modern Financial Data Platform

Analyse
Profile
Deenar Gold Stock

Deenar Gold

DEEN

Price

101.09
Today +/-
+0
Today %
+0 %

Deenar Gold Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität

Deenar Gold FAQ

{ "q": "about", "a": "Deenar is issued by Fiduciary Standard, a regulated and licensed stablecoin issuer, based in Switzerland.\n\nDeenar is a digital asset where each token represents one gram of gold, stored with a trusted custodian. Ownership of Deenar equates to ownership of the underlying gold, which is secured under the custody of Brinks. Consequently, the value of Deenar aligns with the real-time market price of gold.\n\nDeenar is developed following the ERC-20 protocol on the Haqq Network blockchain, ensuring compatibility with all Haqq and Ethereum wallets that support ERC-20 tokens. All transactions adhere to smart contract rules on the Haqq blockchain, eliminating human error and ensuring the system operates strictly as programmed.\n\nDeenar is a rule-based and fully automated system, designed on the principle of non-critical roles distributed among interchangeable actors. It is accessible 24/7 for settlements against various assets, allowing Deenar to be bought or sold at any time and transferred anywhere.", "rank": "0" }

What is Deenar Gold? **Deenar Gold** is a cryptocurrency that aims to provide a decentralized digital currency option with a focus on stable value and enhanced security. Designed to serve as a reliable medium of exchange, Deenar Gold integrates advanced cryptographic techniques to ensure transaction security and data privacy. For an in-depth overview, including current price, historical data, and market analysis, please refer to Eulerpool.

Deenar (DEEN) is a cryptocurrency that uniquely combines the stability of gold with the advancement of blockchain technology. As a halal stablecoin, each Deenar token is backed by physical gold, with each token representing one gram of gold securely stored by Brinks. This gold backing serves as a hedge against inflation and economic instability, making it attractive to both crypto enthusiasts and traditional investors. Built on the Haqq Network and utilizing the ERC-20 protocol, Deenar ensures compatibility with Ethereum wallets. This facilitates seamless transactions across platforms such as Osmosis and SushiSwap. The cryptocurrency employs a rule-based, fully automated system through smart contracts to eliminate human error, ensuring transactions are executed precisely as intended. In addition to its technical attributes, Deenar Gold offers a halal yield trading pool designed to generate passive income for its holders, aligning with its mission to provide value to diverse communities. Issued by Fiduciary Standard, a regulated entity in Switzerland, Deenar adheres to rigorous standards, enhancing its credibility. Available 24/7, Deenar allows for settlements against various assets, facilitating continuous buying, selling, and transferring. This round-the-clock accessibility, coupled with its gold-backed stability, establishes Deenar as a versatile digital asset in the evolving financial landscape. You can find more information on Eulerpool.

What technology underpins Deenar Gold?

Deenar (DEEN) is a digital token distinguished by its backing with physical gold, with each token representing one gram of gold securely stored with Brinks, a trusted custodian. This distinctive backing ensures that the value of Deenar is aligned with the real-time market price of gold, providing a tangible asset foundation for its digital existence. The technology behind Deenar is based on the Haqq Network blockchain, utilizing the ERC-20 protocol, a widely recognized standard for creating tokens on the Ethereum blockchain. This compatibility enables Deenar to be seamlessly used 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 encoded. These smart contracts eliminate human error and ensure that transactions are executed exactly as programmed, without the need for intermediaries. This automation is essential for maintaining the integrity and efficiency of the system, as it operates continuously without downtime. Security is a primary 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 malicious actors. Each transaction is recorded on a distributed ledger, maintained by a network of nodes, ensuring 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, 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 practical applications of Deenar Gold in the real world?

Deenar (DEEN) is a digital asset representing one gram of gold, securely stored by Brinks, a trusted custodian. This distinctive feature enables Deenar to mirror the real-time market price of gold, providing a stable value proposition. Issued by Fiduciary Standard, a regulated entity in Switzerland, Deenar is constructed on the ERC-20 protocol within the Haqq Network blockchain. This assures compatibility with both Haqq and Ethereum wallets, facilitating smooth transactions managed by smart contracts, which eliminate human error. In the financial sector, Deenar supports halal yield trading and contributes liquidity to Deenar pools on decentralized platforms like Osmosis and SushiSwap. These implementations allow users to engage in ethical trading practices while enhancing the liquidity of the ecosystem. Deenar's vision extends beyond the cryptocurrency sphere, aiming to provide value to both crypto and non-crypto communities. The potential applications of Deenar span various industries. In healthcare, it could streamline transactions and ensure secure data exchange. In supply chain management, Deenar can improve transparency and traceability, ensuring efficient tracking of goods from origin to destination. The voting system sector could benefit from Deenar's blockchain technology, offering secure and tamper-proof voting processes. At the current time, Deenar's real-world applications are chiefly focused on its function as a stable digital asset linked to gold and its utilization in decentralized finance platforms. While it holds potential for broader applications in areas like healthcare and supply chain management, these remain zones for future exploration rather than present implementations.

What significant events have occurred for Deenar Gold?

Deenar (DEEN) stands out in the cryptocurrency domain, primarily due to its gold backing and adherence to halal principles. Launched in 2024, Deenar is issued by Fiduciary Standard, a regulated organization based in Switzerland. Each Deenar token represents one gram of gold, securely stored with Brinks, ensuring its value reflects the real-time market price of gold. This structure positions Deenar as a stablecoin, offering both stability and ethical investment opportunities. A significant milestone for Deenar was its introduction on the Haqq Network blockchain, leveraging 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 precise transaction execution, minimizing human error and enhancing reliability. Deenar's visibility broadened with listings on renowned decentralized exchanges such as Osmosis and SushiSwap. These listings provided liquidity and accessibility, enabling users to trade Deenar across various platforms. The availability of Deenar on these exchanges represented a critical step in its adoption and integration into the larger cryptocurrency market. To further connect 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 published to assist users in providing liquidity to Deenar pools. This guide served as an educational resource, empowering users to actively participate in the Deenar ecosystem and benefit from liquidity provision. Deenar's rule-based and automated nature ensures continuous operation, 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 Gold?

Deenar (DEEN) is a digital asset closely linked to the value of gold, with each token representing one gram of securely stored gold. The founders of Deenar are Maruf Yusupov, Mohammed Alkaff AlHashmi, and Alex Malkov. These individuals have been instrumental in establishing Deenar as a stablecoin issued by Fiduciary Standard, a regulated entity in Switzerland. However, information about their backgrounds and contributions to the cryptocurrency field is limited, resulting in minimal public perception and few reported controversies. Deenar operates on the Haqq Network blockchain, utilizing the ERC-20 protocol to facilitate seamless transactions.

Investors interested in Deenar Gold are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.