Green investment company investing in renewable energy, solar, and hydroponic farming Industries. Grove will contribute 3% of all transactions towards token optimization and marketing, with a portion of this invested into charitable donations that support environmental initiatives. GroveToken future plan are involved in lending activity which contra with Shariah guideline. We classified GVR as grey regarding GroveToken's future plan.
| 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 | Green investment company investing in renewable energy, solar, and hydroponic farming Industries. Grove will contribute 3 per cent of all transactions towards token optimization and marketing, with a portion of this invested into charitable donations that support environmental initiatives. GroveToken future plan are involved in lending activity which contra with Shariah guideline. We classified GVR as grey regarding GroveToken's future plan. | Grey |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | GVR token is used for utility and governance token in the GroveToken ecosystem. | Passed |
| Staking Method | Stakers will be rewarded with trading fees, which is a permissible method to gain rewards. | Passed |
Read the source document and verify project fundamentals.