CSPR token is provided by Casper Network for paying any transaction execution and for staking reward. Everything in this protocol looks clear and we classified CSPR as Shariah-Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has genuine products on the future of blockchain system. | Passed |
| Project | The project provides a smart-contracting platform which executes any smart contract given enough resources such as a robust code-base (necessary instructions), time, processing power, memory, etc. without human interaction or interference. The project is neutral as they only provide a platform service which is align with the Shariah Rulings. Issues will arise if any smart-contract that will be developed under this platform is related with non-Shariah activity. | Passed |
| Financials | The token is not backed by any equity or fiat currency, thus there is no financial screening on this token. | Passed |
| Token | Casper token was pre-defined on the Casper network and is used to pay for transaction execution and for staking reward (securing the network). The token is used for permissible purposes and is aligned with Shariah context. | Passed |
| Staking Method | The consensus algorithms are Proof-of-Stake (PoS) and WebAssembly (WASM). The reward system is permissible as the reward system does not contain Riba, Gharar, or Maisir. | Passed |
Read the source document and verify project fundamentals.