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Aragon

ANT Shariah
$7.81
-1.45% (24h)
Market Cap
$337.05M
Consensus
ERC-20 Token
Screening
Q1 2022
Status
Shariah

Shariah Judgement

Aragon allows developers, enterprises, and anyone interested in building decentralised governance to build their own DAO with ease through Aragon plug-ins. All the features offered in this protocol complies with Shariah’s rulings. We classified Aragon as Shariah Compliant.

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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 allows developers, enterprises, and anyone interested in building decentralised governance to build their own DAO with ease through Aragon plug-ins. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token This utility token allows users to vote for proposals proposed in the Community Funding DAO. Passed
Staking Method The staking method in this protocol involves a third-party as executor, which is Uniswap. Users can provide liquidity of ANT into ANT/ETH pool on Uniswap V2. The reward system in this protocol does not implicate Shariah status for the staking method. Generally, Aragon does not provide any on-chain staking for holders. Passed

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Official Reference

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