An ecosystem of IOT blockchain to protect our data through blockchain technology. There is no issue arises from IOTEX token as they only act as a store of values.
| 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 project allows developers to build Dapps and Tokens on their ecosystem. The ecosystem consists of shared data technology across our smart devices. Overall, the ecosystem does not offer any prohibited features that can trigger Shariah Issues. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token main utility is to be a medium of exchange. Users can also stake and have a voting right through their governance protocol. | Passed |
| Staking Method | Proof of stake method mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. | Passed |
Read the source document and verify project fundamentals.