Mubadil.com has been launched and since its launched it is maintaining a good volume despite of being a new exchange. First month volume was 1.1 Million PKR.

It is a p2p exchange with its own token backed by Pakcoins. Users dont need to deposit crypto on mubadil except pakcoins, but BTC, LTC, ETH, USDT could be traded in a p2p manner without any trade fee.

How it Works:
A buyer needs PRT (Exchange token) to trade against any asset, and PRT can only be generated by selling pakcoins at mubadil or bought against any listed assets from PRT seller.
The buyer then creates PRT sell order against USDT for example at his desired rate and seller would send his USDT on buyers address directly and confirm payment on mubadil, the deal is then locked. The buyer checks Transaction and confirms payment reception, PRT are released to the seller.

What is PRT
PRT is an exchange token equals to 1 PKR, and can only be generated by selling pakcoins on mubadil.com hence backed by pakcoins. Its supply is dynamic and increases with pakcoin selling at mubadil and vice versa. PRT can not be withdrawn from mubadil to any external wallet yet. Sold pakcoins against PRT are locked on mubadil wallet.