Basic Crypto Information
Also called digital currency, cryptocurrency are digital assets originally designed to act as a medium of exchange. Depending on the project, various cryptocurrencies have different functions.
Short for Decentralized Finance, this is a blockchain-based financial system that allows peer-to-peer transactions without the middlemen like financial institutions. Operating 24/7, this makes crypto transactions faster, safer, and cheaper compared to the traditional route.
These are self-executing agreements programmed on the blockchain that performs the transactions according to certain criteria. Think of them like vending machines that lets users complete a transaction based on preset conditions.
The blockchain acts as a digital ledger that records all transactions of transactions done through its network. It stores data on multiple nodes, creating a permanent link that can be accessed for transparency.
Crypto exchanges are online platforms that allow people to buy, sell, and trade their cryptocurrency for a fee, like a digital marketplace. Exchanges typically work per region, though some may offer cross-border capabilities for wider transaction reach.
Short for Over-the-Counter desk, this is a more private trading service ideal for large-volume transactions. The service lets both sellers and buyers transact faster and at a better price, with deeper liquidity options for large trades.
Crypto wallets are tools used to store cryptocurrencies. They can either be downloadable apps that can be accessed anytime like the Ijara DAO App called hot wallets or dongle-looking devices that keep stored tokens offline called cold wallets.
Just like how your car needs gas to go from one point to another, gas fees are needed to complete the crypto transaction. It’s an external charge on top of the cost for buying crypto.
Crypto coins work similarly to traditional fiat money that’s mainly used as a medium of exchange, like Bitcoin. Crypto tokens, on the other hand, have various utilities embedded on them like Ethereum.
Web 2.0 refers to the current era the internet is in, where users can interact online via various centralized platforms.
Web 3.0 is considered the future of the internet, where the blockchain allows for unhindered access and data control given to users.
All About ETHi
Ethical Tokens, or ETHi for short, is the token associated with the Ethical Finance project. They represent a portion of the investor’s share in the project.
Short for Decentralized Common Sense, this is how Ethical Finance aims to revolutionize homeownership. Instead of following traditional mortgage requirements, we look at the homebuyer’s capability rather than their paperwork. Learn more about DECOM here.
Yes, ETHi Tokens are 100% halal, as they’re rooted in rent-to-own real estate in the US.
You have three main options for buying ETHi tokens: either through the Ijara DAO app, via an exchange, or by our OTC desk.
Using the Ijara DAO app automatically creates a crypto wallet that you can use to store and trade your ETHi tokens. Additionally, most crypto exchanges have a feature to store the tokens if you want to.
POL is the native token of Polygon, the mainnet where ETHi is connected to. This is the cryptocurrency needed to buy ETHi tokens, as well as for the gas fees associated with the purchase.
You’ll need a credit card to buy POL, which you’ll use to buy ETHi tokens.
Also called Ethical Rewards, zETHi is ETHI’s way of giving token holders rewards for having ETHI stored on their wallets. zETHi can be converted to ETHi tokens at a 1:1 ratio or can be staked for higher returns.
Just like any cryptocurrency, ETHi can be used to buy, sell, and trade on the blockchain.
Yes, you can transfer ETHi tokens outside the app, just like any other crypto.