The Basic Attention Token (BAT) is a blockchain-based system for tracking media consumers' time and attention on websites using the Brave web browser. Built on Ethereum, its goal is to efficiently distribute advertising money between advertisers, publishers, and readers of online marketing content and ads. We classify BAT as Shariah Compliant. However, their roadmap has an update that includes DeFi as one of their features. Thus this result will be revised again after the update is released.
| 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 aims to strengthen privacy and security for users when browsing. Users can gain rewards by watching ads paid by advertisers. The rewards and all the technology in this network are in line with Shariah. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The utility token is used as a medium of the reward system and exchange for transactions in this network. | Passed |
| Staking Method | Block procurement method operated by this protocol is by reward system for watching ads and it complies with Shariah rulings. | Passed |
Read the source document and verify project fundamentals.