The Acent blockchain has been specifically developed to handle massive amounts of data at a high speed, resulting in a Triple-A gamified web 3.0 experience that has been fine-tuned for the deployment of meta-applications. With this infrastructure in place, users can access a range of tools to build meta-applications, such as businesses or apps that encourage user engagement within the network. The ultimate objective of the Acent blockchain is realized through Your Earth DAO (YED), an open-source parallel reality that delivers an immersive gamified web service experience. As of now, we consider ACE to be Shariah-compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | The Acent blockchain is designed to handle large amounts of data quickly, enabling a Triple-A gamified web 3.0 experience that is optimized for meta-application deployment. This infrastructure allows users to leverage tools for building meta-applications, which are businesses or applications within a meta-space service platform that incentivize user activities on the network. The Acent blockchain's goal is achieved through the implementation of Your Earth DAO (YED), an open-source parallel reality that offers an immersive gamified web service experience. YED is powered by Acent's dedicated Web 3.0 browser, which includes DAPPX, a Steam-like application management solution that supports the development and publication of businesses, high-performance play-to-earn (P2E) games, web 3.0, and meta-web applications within a public meta-space. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | Acent (ACE) serves as the cryptocurrency of the Acent blockchain and is equivalent to cash or a unit of value for all financial activities or transactions on the YED metaweb. Holders of ACE cryptocurrency have the opportunity to participate in the Acent Pledging program, which allows them to earn EDAO tokens. The EDAO token is both a governance and utility token that can be obtained through Acent Pledging or the purchase of land. ACE serves as the base cryptocurrency in Your Earth DAO, facilitating the creation of new jobs and economies, compensating users, and enabling utilities and experiences on the platform. | Passed |
| Staking Method | Acent utilizes Proof-of-Stake Authority (POSA) as its consensus mechanism, which is a modified version of the Clique POA. In this mechanism, instead of signers/validators receiving transaction fees, the fees are directed towards a reward pool called the Acent Substance Accumulation Pool (ASAP). The Acent Rewards Smart Contract (ARSC), a built-in staking smart contract, allows Acent blockchain users to participate by staking ACENT into ARSC and receiving proportionate ACE rewards from ASAP. | Passed |
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