Everything on KUSAMA's ecosystem seems neutral and the same as the other interoperability network in its category. In this judgment, we highlighted two features offered by KUSAMA. First, Auction Mechanics offered by this network purpose is for holders to get a parachain slot. The mechanism allows the holder to stake their coin to get the slot, the highest bidder will have a higher chance to get the slot. Holders need to lock their coins for a week without knowing when the exact time it would end. Locked coins will be unlocked, and the holder can claim their coin or re-auction for a new slot. After a deep understanding of this mechanism, we conclude its free from gambling or usury elements. For the second feature, Crowdloan allows holders to team up as a pool of funds to join an auction. The bigger the fund the higher advantages to gain a slot on Parachain. We only justify the substance of the mechanism instead of "crowdloan" name that could be controversial.
| 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 on parachain that can interoperate with other networks such as Ethereum and Polkadot. The project seems neutral and does not offer any prohibited services. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used as a medium of exchange and staking. | Passed |
| Staking Method | The staking method mechanism using parachain through auction system complies with Shariah. | Passed |
Read the source document and verify project fundamentals.