HARMONY is a sharding-based blockchain that aims to solve scalability, security, and efficiency problems. The ecosystem serves developer cross-chain and interoperability to build Dapps. Everything seems neutral in their network including HARMONY bridge, 'Horizon by harmony' that allows the exchange of crypto assets. Harmony is classified as Shariah Compliant.
| 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 aims to be layer 1. The platform provides developers platform to build Dapps. Nothing dubious on this project. | 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 | 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.