Hive is a decentralised blockchain and ecosystem that is built for Web3. Hive allows developers to build dApps under Hive ecosystem. Overall, Hive is aligned with Shariah.
| 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 | Hive act like layer 1 that allows developers to build dApps in Hive ecosystem. Overall, Hive ecosystem is neutral. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The Hive network comes with HIVE and Hive Backed Dollars (HBD). HIVE is the liquid currency of the Hive ecosystem. It may be traded, staked, bought, and sold. Hive Backed Dollars are intended to be pegged to the United States Dollar (USD) at a one-to-one rate. | Passed |
| Staking Method | The new block procurement method operated by this protocol complies with the Shariah rulings. | Passed |
Read the source document and verify project fundamentals.