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Qtum

QTUM Shariah
$3.59
-3.08% (24h)
Market Cap
$377.34M
Consensus
Proof of Stake
Screening
Q1 2022
Status
Shariah

Shariah Judgement

QTUM is a typical smart contract platform that can build Dapps on the network. The whole network seems neutral and Shariah Compliant as no prohibited element was found on its feature.

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Detailed Screening Breakdown

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 is a layer 1 network that provides Dapps builder for developers. The features available in this system are neutral. The project is clear from any prohibited elements. 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. Passed
Staking Method Proof of stake method mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. Passed

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Official Reference

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