NuCypher is a decentralized network of nodes that provide cryptographic services for key management systems and encryption. In short, this project aims to provide development kits for Dapps or projects. The project contains technical services for project development that do not involve any prohibited services.
| 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 | NuCypher is a decentralized network of nodes that provide cryptographic services for key management systems and encryption. In short, this project aims to provide development kits for Dapps or projects. The project contains technical services for project development that do not involve 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, staking, and transaction fees. | Passed |
| Staking Method | The staking 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.