Overall the products offered in this protocol comply with Shariah's rulings. Although Electroneum in their whitepaper is aiming for the gaming(gambling) market as a payment solution. We concluded that the platform originally only acts as a payment solution for enterprises include the gaming sector.
| 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 offered various features in their platform including a crypto wallet. Electroneum aims to be a payment solution through crypto and connect with other businesses globally. Overall the features provided by the platform are neutral. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used as a medium of exchange in the ecosystem. ETN can also be used for staking and reward systems in the AnyTask feature. | Passed |
| Staking Method | No staking as their validators only capped to 12 NGOs. This project could be marked as a centralized protocol. | Passed |
Read the source document and verify project fundamentals.