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Saudi Innovator Secures Patent For Revolutionary Crypto Asset
Rand Al Kharashi’s Quintes Protocol promises perpetual value growth and aims to disrupt both the crypto and traditional markets.
Saudi entrepreneur Rand Al Kharashi is causing a stir in the decentralized finance space after securing a Patent Cooperation Treaty (PCT) from the World Intellectual Property Organization (WIPO) for her groundbreaking Quintes Protocol — a cryptocurrency model designed to avoid depreciation.
Scheduled for launch in January 2025, Quintes Protocol is being hailed as a disruptive force in the cryptocurrency space. Its innovative framework offers a perpetually appreciating asset with projected annual value growth of 18-30%. The technology is expected to bring new stability and reliability to an industry often criticized for its volatility.
“This is more than a milestone for Quintes Protocol – it’s an affirmation that exceptional and continued value can be created in the crypto field,” explained Al Kharashi. “Backed by intensive research, verifications, and the knowledge of renowned token engineers and researchers from leading blockchain companies, Quintes has just one destination: to pioneer the future of DeFi with unmatched growth, blazing the way for an exciting new world of cryptocurrency value”.
The Quintes Protocol aims to outperform traditional investment classes like S&P 500 stocks, gold, and high-yield bonds, as well as major cryptocurrencies like Bitcoin and Ethereum. By offering predictable growth and mitigating the risks typically associated with crypto investments, it is poised to attract a wide range of investors.
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Speaking on the inspiration behind Quintes, Al Kharashi said, “We’ve seen the potential for cryptocurrencies to achieve great returns for investors, but that growth is fickle. Growth bubbles occur, burst suddenly and unexpectedly, and the value is often lost. That is what inspired the creation of Quintes and the concept of perpetual growth, based on predictable collateral value appreciation”.
The foundation of the Quintes Protocol is the result of intensive research by Kitabq Research Lab. The development team includes elite engineers and scientists with backgrounds at ConsenSys, Binance, and Algorand, as well as financial giants such as Morgan Stanley. Together, they’ve raised over $600 million and boast a track record of successful projects across Web2 and Web3.
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LUVED Is A New Curated Preloved Marketplace For The UAE
Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.
Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.
The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.
Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.
An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.
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“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.
The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.
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