Astar Network appears to be a legitimate and well-defined project built on the Polkadot blockchain that offers a range of features for DeFi applications, including high-speed and scalable infrastructure, cross-chain interoperability, and smart contract functionality. The ASTA token is used for governance and transaction fees and can be staked to earn rewards and participate in governance voting. As there are no red flags related to financial screening or regulation, it is reasonable to conclude that Astar Network and its native token, ASTA, are Shariah compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a well-defined path and a legitimate blockchain product, while the token/coin has a fundamental underlying value that qualifies it as a "Mal" or asset. | Passed |
| Project | Astar Network is built on the Polkadot blockchain and provides a multi-chain infrastructure for DeFi applications that aims to provide high-speed and scalable infrastructure for decentralized applications (dApps). Astar Network also offers a range of other features, including cross-chain interoperability, smart contract functionality, and support for multiple programming languages. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The platform uses the native token, ASTA, for governance and transaction fees. By staking ASTA, the staker will receive rewards for contributing to the system. | Passed |
| Staking Method | ASTR staking involves delegating tokens to validators who process transactions on the network. Stakers earn transaction fees, and ASTR is also used for governance voting. | Passed |
Read the source document and verify project fundamentals.