AUDIUS is a music streaming ecosystem that combines blockchain with its system. Users can create, listen and stream any audio content with AUDIUS. The token itself acts as a utility token that allows users to participate in the ecosystem governance, such as voting and staking. We don't see any issue with how the token works. However, the ecosystem itself was built for entertainment that contains a lot of unrestricted content. Thus as a user, you have to choose your content wisely.
| 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 allows users to distribute, monetize and stream the music on their platform through the Solana blockchain. From ShariahÃÂâÃÂÃÂÃÂÃÂs perspective, this project is clear from any impermissible elements. | Passed |
| Financials | The token can be used to stake, govern and buy premium access to professional tool services. | Passed |
| Token | The token is used to stake, governance and buy premium access to professional tool services. | Passed |
| Staking Method | The aim of staking is to protect and power the protocol. The staking mechanism of this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. | Passed |
Read the source document and verify project fundamentals.