XYM is used for enterprises and developers, organisations, and individuals to improve their data store. The ecosystem and services provided are clean and aligned with Shariah.
| 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 | Enable enterprise and developers, organisations, and individuals to improve their data business and system management. Overall, the project is aligned with Shariah. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | XYM is used to pay for transactions in order to incentivize the network of public nodes that process and record transactions. | Passed |
| Staking Method | Contributing to staking will earn staking rewards from transaction fees. The reward system is permissible as it does not contain Riba, Gharar, or Maisir. | Passed |
Read the source document and verify project fundamentals.