Tuesday, March 5, 2024

New gold-based, Sharia-compliant cryptocurrency to launch in the UAE

The Golden M Group has announced that COIN M, a new gold-based, Sharia-compliant cryptocurrency, is expected to enter the United Arab Emirates (UAE) market before the end of 2019. The announcement was made during a press conference held on a private yacht in the UAE. The event was managed by Uniquorn Studio LLC.

The first of its kind in the Middle East, the gold-based digital currency offers the working class the potential to double their investment within a year, with this safe, guaranteed low-risk investment scheme. With a starting investment of as low as US$100, COIN M provides an open and inclusive environment for investors from all income levels. Backed by a tangible, real-world asset, the new cryptocurrency is less subject to the price volatility of first-generation cryptocurrencies.

Commenting on the announcement, Mustafaa Motiwala, Founder & CEO, The Golden M Group, said: “The upcoming launch of COIN M will undoubtedly have a global impact as it is a one-of-a-kind scheme empowering the working class to safely invest in a new cryptocurrency that is gold-based and Sharia-compliant. Unlike most investment opportunities, investors will have a chance to double their investment within a year.”

According to data by CoinSchedule, the UAE emerged as the world’s capital for sales of digital tokens, accounting for more than a fourth of all funds raised in offerings this year through early April. Sales in UAE reached more than $210 million ahead of the market’s longtime leader, the US, showcasing the growing importance of cryptocurrency in the region.

“Whenever you invest in COIN M, you are in a position to make your money back as it is based on a real asset which can be bought back. With cryptocurrencies that are not backed by any asset, you would typically have to find your own buyer in order to make a return on investment,” Motiwala added.

The COIN M logo was recently unveiled at the press conference which was attended by immediate family, and friends and close supporters of Motiwala and his team, including Mukti Abu Bakar – Malaysian Consul for Investments, MIDA, UAE; Sneha Rao – Empress Universe 2018; and Umar Saif, who is recognised as a contestant of a popular Indian singing show Sa Re Ga Ma Pa Middle East, to name a few.

To know more about COIN M, investors are invited to register their interest in attending the launch of the cryptocurrency where the investment plan will be revealed.

You can visit www.thegoldenm.com for more information.

Compiled by Roshna K


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