The Flux Network is a layer one blockchain, which operates independently of other blockchains as a standalone blockchain. The blockchain is powered by the Flux Time Algorithm (FTA) designed to be more energy-efficient and scalable than traditional consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS). The project is neutral and does not have any problems in terms of Shariah rulings. All features and objectives of the project are neutral.
| 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 Flux Network is a layer one blockchain, which operates independently of other blockchains as a standalone blockchain. The blockchain is powered by the Flux Time Algorithm (FTA) designed to be more energy-efficient and scalable than traditional consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS). The project is neutral and does not have any problems in terms of Shariah rulings. All features and objectives of the project are neutral. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The FLUX token is the native cryptocurrency in the Flux ecosystem, serving several key functions within the ecosystem. FLUX plays an important role in the Flux ecosystem as a means of payment, a governance token, and an incentive mechanism for network participants. Overall, it's a typical neutral cryptocurrency that has huge potential in the future while still adhering to Shariah principles. | Passed |
| Staking Method | Staking FLUX tokens provides an incentive for users to hold onto their tokens and support the security of the network, thereby maintaining its stability and reliability. Staking FLUX tokens does not raise any issues from a Shariah perspective. | Passed |
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