Automata is a protocol that facilitates secure transactions for Web 3.0 applications and businesses while prioritizing privacy. Its objective is to provide necessary infrastructure to achieve a seamless Web 3.0 experience. Automata offers several products, including 1RPC, 2FA Guru, NFTFair, and XATA, which appear to be compliant with Shariah law.
| 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 | Automata is a high-performance computation protocol that facilitates seamless and secure transactions for Web 3.0 applications and businesses while ensuring privacy. Its goal is to provide the necessary infrastructure to achieve a frictionless Web 3.0 experience. Automata offers several products, such as 1RPC, 2FA Guru, NFTFair, and XATA, which are all compliant with Shariah law. | Passed |
| Financials | The token is not backed by equity, thus there is no financial screening on this token. | Passed |
| Token | Automata's native token is $ATA, which is a BEP-20 and ERC-20 token used in the network's proof of stake blockchain for gas fees, staking and compute rewards, geode auctions and governance voting. $ATA is a utility token with various uses such as governance, mining rewards, protocol fees, and geode allocation. Token holders can create and vote on proposals, while compute and storage miners earn tokens by running applications and executing transactions for users on the network. Users can bond ATA tokens to participate in Geode auctions, and pay miners for storage and computation tasks. | Passed |
| Staking Method | Automata's staking method involves the ability for compute and storage miners to earn ATA tokens by running applications and executing transactions for users on the network. Currently, the only available staking method for ATA is through Pancake Swap by staking in an LP pool with BNB. | Passed |
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