Biokript is a hybrid cryptocurrency exchange that combines centralized and decentralized features while ensuring Shariah compliance, allowing users to trade and earn passive income through liquidity pools. The platform addresses the need for a secure trading environment by providing full custody of assets and a profit-sharing model that returns 50% of trading fees to its community.
Funding
$150K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many cryptocurrency exchanges lack features that align with Islamic finance principles, potentially excluding users who require Shariah-compliant investment options. Traditional exchanges may also present security concerns due to centralized custody of assets.
Solution
Biokript offers a hybrid cryptocurrency exchange that combines centralized and decentralized exchange features while adhering to Shariah compliance. The platform provides users with access to spot trading while ensuring self-custody of assets through decentralized wallets. Biokript also implements a profit-sharing model, distributing 50% of trading fees back to the community. This approach aims to provide a secure and ethically aligned trading environment for users seeking Shariah-compliant cryptocurrency investments.
Target Audience
The primary target audience includes cryptocurrency traders and investors seeking Shariah-compliant investment options, as well as users who prioritize self-custody of assets and community-driven platforms.
Features
- Hybrid architecture combining centralized exchange (CEX) and decentralized exchange (DEX) features
- Shariah-compliant trading environment adhering to Islamic finance principles
- Self-custody of assets through decentralized wallet integration
- Spot trading platform for various cryptocurrencies
- Profit-sharing model distributing 50% of trading fees to BKPT token holders
- Liquidity pools and LP staking opportunities for earning passive income
- Referral program to incentivize community growth
- 24/7 customer support