Name : Build N Build Coin (BNB)

BNB Price : $566.573 -0.41%

Consensus Mechanism : Proof of Staked Authority

Volume: 1,628,079,722

Market Cap: 82,681,133,996

Shariah Judgement

For exchange tokens that act as the main token for trading purposes on the specific exchange, there are some tricky cases that need to be clarified. First, the token itself represents the ecosystem that gains profit from all transactions on the exchange may include the Non-Shariah project token. Second, the ecosystem benefits from derivatives contracts that clearly contrast with Shariah's ruling. We assume the same methodology of Stock Shariah screening that enacts the prohibition of stockbroking activities is applied in the same case. However, the usage of Exchange Token is commonly used to trade NFT or any other coin, thus we recommend not to hold Exchange Token for more than 30 days to avoid being involved in their ecosystem.

Shariah Status : Grey

Last Screening: Q3 2023

Legitimacy:

Project:

Token:

Reward:

Shariah Status:

Grey

Risk Analysis

Shariah

Legitimacy

People

In-Depth Analysis

1

Shariah Analysis

Project/Products Use Case Status
Savings Profits generated from lending tokens for investment, akin to traditional savings accounts, may raise concerns related to Riba (interest) Failed
Locked Staking Profit is derived from staking tokens on various blockchains or protocols, and the permissibility of staking depends on factors such as the specific token, the protocol being used, and the intended use case. Passed
Launchpool Profit is earned by providing liquidity to newly launched projects, and the permissibility of staking is contingent upon the specific token, the underlying protocol, and the intended use case. Passed
BNB Vault Profit is derived from a combination of non-interest and interest-bearing products, which may raise concerns related to Riba (interest). Failed
ETH 2.0 Staking Profit is generated by delegating your tokens to an ETH 2.0 staking pool, which is utilized to secure the ETH Proof of Stake protocol. Passed
Liquid Swap Profit is earned from providing liquidity to Binance Liquid Swap and other interest-bearing products, which may involve Riba (interest). Failed
Dual Investment Offer a combination of Shariah-compliant and non-compliant instruments. Failed
DOT Slot Auction The Polkadot (DOT) Slot Auction employs a modified candle auction mechanism to distribute parachain slots. Projects bid with staked DOT, and the ones with the most support can lease the slots to become Polkadot parachains. Passed
Use Case Status
BNB is used to pay for transactions on the BNB Chain, similar to how gas is used on the Ethereum network. Passed
Holding BNB grants users the right to participate in the decentralized on-chain governance of the BNB Chain, allowing them to have a say in important decisions. Passed
The name change to "Build and Build" signifies advancements to benefit users, projects, and developers connected to the BNB Chain community. Passed
System Status Interpretation
Validator Rewards Passed All BSC validators in the current validator set will be rewarded with transaction fees in BNB.
Delegator Rewards Passed Delegators of validators on BSC can receive a share of the validators' rewards in BNB.
2

Legitimacy Analysis

Details Status
Whitepaper The projects provide a comprehensive whitepaper and detailed documents that offer clear information about their objectives and functionalities. Passed
Project The projects are led by individuals who are well-known in the industry. Additionally, they actively engage with the community through regular social media posts. Passed
3

People Analysis

Details Status
Team The projects are backed by a team that is well-known and respected within the industry. Passed

Trading Signals

Moving Average (Short Term)

Weak

Moving Average (Mid Term)

Strong

Moving Average (Long Term)

Weak

Exponential Moving Average (Short Term)

Weak

Exponential Moving Average (Mid Term)

Strong

Exponential Moving Average (Long Term)

Strong

Bollinger Band

Weak

Williams %R

Neutral

Relative Vigor Index

Weak

Money Flow Index

Neutral

Chaikin Oscillator

Weak

Aroon

Strong

Klinger Oscillator

Strong

Chande Kroll Stop

Weak

Moving Average Convergence/ Divergence

Weak

Relative Strength Index

Weak

Stochastic

Weak

Parabolic SAR

Strong

Average Directional Index

Ichimoku Cloud

Neutral

Average True Range

Strong

Commodity Channel Index

Neutral

On-Balance Volume

Strong

Volume Weighted Average Price

Neutral

Keltner Channel

Neutral

Dochian Channel

Neutral

Choppiness Index

Neutral

Ergodic Oscillator

Strong

Ease of Movement

Weak

Ultimate Oscillator

Neutral

Elder Force Index

Weak

Connors RSI

Neutral

Rate of Change

Weak

Chande Momentum Oscillator

Neutral

Triple Exponential Average

Weak

Know Sure Thing

Weak

Detrended Price Oscillator

Weak

Moving Average Envelope

Neutral

Coppock Curve

Weak

Vortex Indicator

Weak

Schaff Trend Cycle

Weak

Elder Impulse System

Weak

Pivot Points

Support 2


541.91
Support 1


552.32
Pivot Point


562.19
Resistance 1


572.6
Resistance 2


582.47

Support & Resistances

Support 2


533.81
Support 1


542.71
Last Price


562.73
Resistance 1


607.87

Overview

BNB Chain, a popular blockchain, focuses on providing essential infrastructure for public adoption in a community-first, open-source, permissionless, and decentralized ecosystem. It consists of two blockchains - BNB Beacon Chain for governance and staking, and BNB Smart Chain with smart contract functionality and compatibility with the Ethereum Virtual Machine, enabling the development of various decentralized applications while maintaining high throughput.

Whitepaper & Documents

Sharlife uses TradingView technology to present price information through charts. TradingView serves as a charting platform catering to a worldwide community of traders and investors. With robust support across browsers, desktops, and mobile applications, the platform offers exceptional access to real-time data such as Dow Futures and BTC USD Chart, as well as the latest news, financial reports, stock screener, and economic .

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