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Flow

FLOW Shariah
$0.8755
-3.77% (24h)
Market Cap
$1.32B
Consensus
Proof of Stake
Screening
Q1 2022
Status
Shariah

Shariah Judgement

Flow is a decentralized network that allow for massive improvements in speed. Overall, Flow ecosystem is aligned with Shariah.

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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 Flow is a another project for developers build Dapps. The decentralized network allow for massive improvements in speed and throughput while preserving a developer-friendly. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token FLOW is the native currency of the Flow network. It is the exclusive token for staking, delegating, paying transaction fees, and paying storage fees. It is also the primary token used for buying, selling, and trading assets and experiences on Flow Passed
Staking Method Validator nodes receive staking rewards and transaction fees in exchange for providing the security, computation, and storage services the network needs. Passed

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Official Reference

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