A platform to build decentralized apps on blockchain. Overall, the ecosystem is neutral as they act as a platform to build Dapps. We have reviewed the staking method used by CHROMIA, and we found that they operate the same as other staking methods. We concluded CHROMIA as Shariah Compliant.
| 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 be the decentralized database component of decentralized applications. The project is clear from any prohibited element. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | CHR token act as transaction fees, hosting fees, and staking. | Passed |
| Staking Method | Proof of stake method mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees and reward for participating in the governance program. | Passed |
Read the source document and verify project fundamentals.