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The Sandbox logo

The Sandbox

SAND Shariah
$0.4280
-4.19% (24h)
Market Cap
$969.67M
Consensus
Proof of Stake
Screening
Q1 2022
Status
Shariah

Shariah Judgement

Similar to Minecraft, a famous game, but decentralized. Users can build and trade NFT on the platform. We classify them as Shariah compliant.

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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 all about Metaverse. Players can buy and sell NFT on this platform and can generate SAND playing the game. Everything seems neutral about this project, although there are a few contents in NFT that are not appropriate for Muslims to buy. Just be aware of what you buy on this platform. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token The token is used to purchase NFT and other in-game items. 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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