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"Mobarak" is a community-driven project, and the identities of its creators have not been disclosed. Although the founder of Binance, Changpeng Zhao, bought "Mobarak" coins and shared them on social media, he is neither its owner nor its creator. The project gained popularity after a $2 billion investment from Abu Dhabi and indirect support from CZ.
Key points about the "Mobarak" currency:
Community-driven:
The project relies heavily on its community, with its creators remaining anonymous.
Not linked to the founder of Binance:
Although CZ invested in the currency and shared it on social media, he is neither its owner nor its creator.
Abu Dhabi investment:
The project gained momentum thanks to a $2 billion investment from the Abu Dhabi MGX fund.
Based on memes:
Mobarak is a meme-based cryptocurrency, and its name "Mobarak" means "blessed" in Arabic.