STACKS is a platform to build Dapps and smart contracts on bitcoin. Using proof of transfer as their consensus mechanism, there is no issue in this network since no DeFi features were offered by this network. We concluded STACKS 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 | Stacks providing smart contracts and apps developed on its platform are natively integrated with the security, stability, and economic power of Bitcoin. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | Stacks (STX) tokens are the native tokens on the Stacks 2.0 blockchain. Stacksâs ecosystem is neutral and aligned with Shariah. | Passed |
| Staking Method | Miners receive Stacks fees for transactions mined in any block they produce. The staking mechanism used is complies with Shariah's rulings. | Passed |
Read the source document and verify project fundamentals.