Enecuum's various products and projects aim to create a decentralized ecosystem for blockchain and cryptocurrency that does not appear to contradict Shariah principles. Therefore, they could be considered Shariah compliant.
| 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 | Enecuum is a blockchain project that aims to create a decentralized ecosystem bringing blockchain and cryptocurrency to mainstream users by uniting millions of smartphones and other mobile devices into a single network. They offer various products such as the Enecuum masternode, mobile wallet, web wallet, blockchain explorer, and mobile multi-miner. Enecuum is involved in various projects including DeFi, e-commerce, art/NFT, community projects, and the Trinity Lab Accelerator. They envision a truly decentralized, secure, and stable system with uncapped scalability potential. the products and projects of Enecuum do not appear to have any elements that contradict Shariah principles. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | ENQ is a utility token that grants access to various functionalities of the Enecuum adaptive decentralized environment, including the ability to accumulate and transfer ENQ, publish SHARNELL Smart Contracts with a fee, publish transactions with rewards to stimulate miners, access complex computations via "heavy" smart contracts with market-based rewards, generate private "ticket" branches using other nodes, and participate in PoA and PoS mining. | Passed |
| Staking Method | The system allows users to publish transactions with rewards that stimulate miners to validate blocks. Complex computations can be accessed through "heavy" smart contracts, with rewards offered by users and agreed upon by miners. Private ticket branches can also be generated with rewards determined by the servicing miner. Rewards are earned through participation in PoA and PoS mining, with the mining reward distributed as 65% for PoA, 10% for PoW, and 25% for PoS. | Passed |
Read the source document and verify project fundamentals.