MARHABA INCENTIVIZATION AND REWARD OFFERING

Abstract

MIRO is a staking mechanism that adheres to Islamic financial principles and carries the properties of 'vote to earn' and 'stake for access'. It allows users to earn rewards and participate in governance by staking MRHB tokens, the native currency of the Marhaba ecosystem. The longer a user stakes their tokens, the more voting power they acquire and the larger their pro-rata share of the rewards will be. This system encourages long-term commitment and reduces the number of tokens available for sale, which can help maintain the token's value.

Unlike traditional staking models, MIRO follows the Islamic concept of Ju'alah, where users must complete a task for the Marhaba ecosystem before they can claim any rewards. This ensures that staking is more than just a financial investment; it also supports the growth and development of the ecosystem.

Initially, the rewards for staking will be in the form of treasury allocated MRHB tokens, with 100 million tokens allocated for distribution over a four-year period. However, the ultimate goal is to transition to a model where fees generated by the ecosystem are used to buy back MRHB tokens from the market and redistribute them to stakers.

In summary, MIRO is a unique, Shariah-compliant staking mechanism that aims to benefit both the Marhaba ecosystem and its users. By encouraging long-term commitment, active governance, and growth, MIRO hopes to create a stable and thriving financial environment for all.