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Ankr

ANKR Non-Shariah
$0.0434
-4.78% (24h)
Market Cap
$434.02M
Consensus
ERC-20 Token
Screening
Q1 2022
Status
Non-Shariah

Shariah Judgement

In order to achieve decentralized applications, staking nodes, and web3 infrastructure, the platform uses computing power supported by DLT to collect data that are deployed to stakers and developers through data centers. Ankr aims to make the adoption of Web3 easier by offering a platform where users can deploy nodes on Proof of Stake (PoS) blockchains, stake their PoS tokens and access decentralized finance (DeFi) applications. Stakefi, Ankr feature users can stake coins and tokens across the network and rewarded by multiple layers of rewards. The Stakefi also comprised of Ankr boost solution that will find the best opportunities in DeFi contract including lending and yield farming using your synthetic token that represents staked token(derivatives). Using synthetic tokens to trade or earn rewards is prohibited.

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Detailed Screening Breakdown

Category Details Status
Legitimacy Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". Passed
Project The project offered various staking, liquidity mining, yield farming in their infrastructure. Failed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token The token serves as a medium of exchange on the Ankr network and users can pay for services such as the monthly fee to run a node or to access Ankr's API service. Passed
Staking Method No staking. Failed

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Official Reference

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