The CERE token is fully compliant with Shariah rulings and has established a reputable and trustworthy legitimacy. Its primary operations do not involve any prohibited elements, while the token's utility is neutral in nature. Staking CERE tokens serves to reinforce the network's security, enhancing its stability and dependability, with no Shariah-related concerns arising.
| 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 | The project gives you the ability to build a decentralized applications for the Web3 platform, incorporating practical applications into a Decentralized Data Cloud where the data is under the control of the user. It offers a range of protocol-level services and a set of tools to facilitate the rapid development of dApps and serverless applications. The project is neutral. | Passed |
| Financials | There is no financial screening on this cryptocurrency because it is not backed by any equity. | Passed |
| Token | The CERE token is the native cryptocurrency of the CERE Network platform, serving several key functions within the ecosystem. These include governance, staking, payments, and access to services provided by the project, all of which are compliant with Shariah rulings. | Passed |
| Staking Method | Staking CERE tokens provides an incentive for users to hold onto their tokens and support the security of the network, thereby maintaining its stability and reliability. Staking CERE tokens does not raise any issues from a Shariah perspective. | Passed |
Read the source document and verify project fundamentals.