Ambrosus is a blockchain-based supply chain network that guarantees the authenticity and proper handling of all objects. It aims to improve supply chains for critical products such as food and medicine and uses an incentive mechanism called the Amber token. Although Ambrosus does not conflict with Shariah, concerns arise due to AirDAO's governance, which is funded by Binance and DWF Labs, and has products and practices that contradict Shariah. Additionally, AirDAO's bond marketplace conflicts with Shariah. Therefore, it can be concluded that Ambrosus/AirDAO is non-compliant 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 | The Ambrosus network is a blockchain-based supply chain ecosystem that ensures the authenticity, compliance, and proper handling of all recorded objects. It focuses on improving supply chains for critical products like food and medicine and employs an incentive mechanism called the Amber token. The network does not contradict Shariah, but its governance by AirDAO raises concerns. AirDAO's funding from Binance and DWF Labs, which have products and practices that contradict Shariah, makes the source of funds for AirDAO questionable. Additionally, AirDAO's bond marketplace conflicts with Shariah. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | AMB is the native token of the AMB-NET blockchain and AirDAO, and it is needed to pay for transaction fees. AMB can be staked in different nodes for transaction validation and data storage, and will eventually serve as the governance token for AirDAO. Token holders will be able to vote on proposals and earn a share of AirDAO revenue by locking their AMB. | Passed |
| Staking Method | AMB tokens are given as block rewards to AMB-NET validator nodes for processing transactions and securing the network. This also applies to the AirDAO staking platform, and at the end of the cycle, users can claim their tokens. Tokens can be recycled and added back to the ecosystem, which increases their value and encourages customers to purchase Ambrosus-tracked products. Users also will receive rewards for using the program. | Passed |
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