ArabCoin is a joint effort under the partnership of the private office of Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum.
The cryptocurrency ArabCoin, described in this website, is NOT allied or related in any way to the new cryptocurrency project “Arabtizor Arabcoin” initiated in April 2018 by Sami El Dwieb, CEO of Arabtizor. ArabCoin, described in this website, is a cryptocurrency project initiated in 2015 and supported today by MBM-AC, FZCO, Dubai (“MBM-AC ArabCoin” or “ArabCoin”). Right now MBM-AC is clarifying whether legal action will be taken against Arabtizor to preserve its business interests.
ملاحظة هامة - التوضيح
العملة المعماة عرب كوين "ArabCoin" جهداً مشتركاً بمشاركة المكتب الخاص للشيخ محمد بن مكتوم بن جمعة آل مكتوم.
العملة المعماة عرب كوين "ArabCoin" الموصوفة في هذا الموقع الإلكتروني ليس مرتبط بأي شكل من الأشكال إلى مشروع يسمى أرابتيزور عرب كوين "Arabtizor Arabcoin" الذي بدأ في أبريل ٢٠١٨ بواسطة سامي الدويب ، الرئيس التنفيذي لشركة أرابتيزور "Arabtizor". إن عرب كوين "ArabCoin"، الموصوفة في هذا الموقع ، هو مشروع تم إنشاؤه في عام ٢٠١٥ ويدعمه شركة إم بي إم اى-سى (MBM-AC) .
في الوقت الحالي إم بي إم اى-سى (MBM-AC) فى دراسة الإجراءات القانونية المطلوبة ضد أرايتزور “Arabtizor”للحفاظ على مصالحها التجارية.
ArabCoin is a digital token or crypto-currency which will be issued by DUCCX, a fully licensed crypto-commodities trader in Dubai.
In the past cryptocurrencies (“CCs”) were widely not supported by the Arab world because of their complexity, often unclear intrinsic value as well as their limited controllability by central authorities. The huge global market growth of CCs as well as the growing acceptance of CCs as informational commodities paved the way towards a broader recognition of CCs in the Arab world. ArabCoin is a new, independent, decentralized, open source cryptocurrency dedicated to support the Arab world and the Islamic Finance community and to represent the Arab world as a new global player in the disruptive world of CCs. Goal of MBM-AC is to establish ArabCoin as a leading virtual currency internationally. The name „ArabCoin“ was carefully chosen: currently the Arab world is unfortunately deeply divided in sectarian conflicts and other conflicts of interests. The intent of the founders is to remind the Arab people of their great past when they were unified and contributed enormously to the Western civilization. We want to contribute to the spirit of unity and peace. Arabs should be proud of their past and strive to revive it.
Like any other crypto-currency ArabCoin is a peer-to-peer internet currency which allows for direct payments among its users without a middleman like banks or clearing-houses. Hence, it has only a fraction of transaction costs what makes it attractive for private users and merchants all over the world.
Like other crypto-currencies it is an open source, global payment network completely decentralized.
There is no central authority required. Because each transaction is recorded and verified in a public ledger.
ArabCoin will be operated and monitored by a legal entity under the name MBM-AC FZCO, a joint venture of the Private Office of Sheikh Maktoum Bin Juma Al Maktoum and individual shareholders, founded in the beginning of 2017.
The purpose of MBM-AC is to setup the first fully regulated crypto commodities exchange in Dubai (DUCCX) and to support the issue of ArabCoin as a liquidity token to the market.
The Blockchain technology was developed and first deployed by the inventor of Bitcoin in 2008. Bitcoin established and represents a new class of digital assets or tokens called cryptocurrencies (“CCs”) built on an underlying self-controlled distributed ledger infrastructure called “Blockchain”. CCs are Internet-based digital informational commodities having some monetary characteristics denominated in own units of value with decentralized issuance and transaction recording as well as controlling based on a Blockchain infrastructure. Digital Assets are intangible goods that exist in digital form. They can be differentiated in digital rights and digital informational goods. Digital Assets can be further splitted in differentiable intangible goods and fungible, non-differentiable intangible goods – so called digital commodities. CCs are widley understood as having established the asset class of digital informational commodities
Until today Bitcoin gained a rapid acceptance as an Internet based private or non-government backed digital currency and is recognized as such today in countries like Japan or India. It is not dedicated to any other asset. Meanwhile more than 1500 different CCs based on different Blockchain infrastructures are existing in the Internet next to Bitcoin with a total Market capitalization of about USD 300B (Mar 28, 2018), where the leading 15 CCs capture 85% of market share. Meanwhile most new CCs are dedicated to a certain business model or a dedicated group of people having a common interest. The big market correction over the past 3 months is only preparing the ground for a further expected hypergrowth of the CC market over the next years. ArabCoin will represent the Arab world in this CC market.
ArabCoin will be operated by a legal entity under the name MBM-AC FZCO, a joint venture of the private office of Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum and individual shareholders, founded in the beginning of 2017.
ArabCoin is a universal crypto token which will be traded on DUCCX and allows to be used by many parties for their respective purpose.
ArabCoin was developed since 2015 by a core team of four German senior and serial entrepreneurs with meaningful backgrounds in the financial and IT industry (IBM and Deutsche Bank) in Europe but also within the UAE. In 2017 the private office of the royal family member Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum (“MBM”), Dubai, joined the team by founding the joint-venture MBM-AC FZCO, Dubai, dedicated to develop and implement Blockchain based business models for the financial services industry and to supervise the ArabCoin project to the benefit of the Arab World. Initially MBM-AC is focussing on the set-up of DUCCX, a leading edge cryptocurrency exchange in Dubai (details available via MBM-AC), as well as the launch of the cryptocurrency ArabCoin, dedicated to serve the Arab world as a private virtual currency.
Up to now ArabCoin was not pushed proactively in the market due to the current legal status of CCs in the UAE. In January 2017, the UAE Central Bank issued the Regulatory Framework For Stored Values and Electronic Payment Systems (“Stored Value Regulations”). The regulations were issued to regulate electronic payments and stored value. They make only a small reference to virtual currencies defining them as a digital unit used as a medium of exchange, a unit of account, or a form of stored value. The regulations do not cover virtual currencies, but on the other side suggest that their usage is prohibited. In February 2017 and October 2017, the UAE Central Bank published statements clarifying that trading in CCs was not covered by the Stored Value Regulations and that trading in CCs is currently a “tolerated practice” in the UAE. First in February 2018 the largest free economic zone in the UAE, Dubai Multi Commodities Centre (“DMCC”), has started issuing licenses to firms trading CCs.
Like most other CCs ArabCoin is a digital informational commodity which allows direct peer-to-peer payments among its users without a middleman like banks or clearing-houses. Hence, it has only a fraction of transaction costs what makes it attractive for private users and merchants all over the world.
Arabcoin was developed based on the proven Litecoin Blockchain technology. Litecoin is one of the top 10 CCs today. Both, Bitcoin and Litecoin, support the so-called “Proof of Work (PoW)” Blockchain technology, providing self-controllabiltity and integrity of the distributed public ledger infrastructure for token transactions, public token mining capability as well as the guarantee that the pre-defined total token volume will never exceeded. Each transaction is recorded in the ArabCoin Blockchain ledger and verified by the ArabCoin miners. The ArabCoin Blockchain infrastructure is already set up and running. The ArabCoin software wallet is available, easy to handle, can be encrypted and supports token mining. Further features of ArabCoin comprise
60% of the ArabCoin tokens will be available for public mining where everybody worldwide can contribute.
40% of the ArabCoin tokens are premined. The premined ArabCoin tokens are distributed as follows:
MBM-AC is planning an ICO of ArabCoin starting End of Ramadan 2018 until end of August 2018.
We will inform all interested investors or buyers of ArabCoin about the terms and conditions and the initial ICO price end of May. Please sign up for our ICO launch newsletter at the end of the page to receive more information as soon as they will be available.
With the launch of ArabCoin the exchange will be already operating for you to trade the new currency.
We will penetrate the brick & mortar merchant world at highest possible speed and provide all necessary tools to them.
Buy ArabCoins as investment to make sure you don't miss the opportunity of to one of the most valuable crypto tokens of the future.
You are an institutional investor interested in ArabCoin? Please email us right away.
Don't miss this opportunity, join the new crypto currency at the official launch. MBM-AC is planning an ICO of ArabCoin starting End of Ramadan 2018 until end of August 2018.
Start trading from day one and take advatage of the special exitement during the launch period.
Start accepting ArabCoins as soon as possible to take advantage of the exited miner and trader.
Start investing while the news has not yet spread to all of the crypto currency enthusiasts & investors.
We will send you one notification right in time for the official lauch of ArabCoin and the ArabCoin Exchange. No spam and no other emails, just a single notification.
No legal and financials claims shall be derived from the content of this website.
MBM-AC FZCO reserves the right to make any changes it thinks appropriate and without any prior notice.