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Lisk logo

Lisk

LSK Shariah
$1.97
+1.13% (24h)
Market Cap
$253.30M
Consensus
Delegated Proof of Stake
Screening
Q1 2022
Status
Shariah

Shariah Judgement

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Detailed Screening Breakdown

Category Details Status
Legitimacy Not regulated by any countries or regulatory bodies. A well-defined path, qualified team, and transparency management make it a legitimate and recognized platform, while the token/coin has a fundamental underlying value that qualifies it as a "Mal" or asset. Passed
Project The project is still maintained from 2016. Lisk is a layer 1 blockchain platform that allows various DApps to build on its chain. It does not contain any prohibited features. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token The Lisk's native currency is LSK, which is a utility and governance token that also has voting rights and may be acquired as a staking incentive from network participation. Passed
Staking Method Active delegates receive forging rewards for securing the network. Lisk uses the Delegated Proof of Stake (DPoS) as their mechanism and staking does not involve any prohibited elements. Passed

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Official Reference

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