Just a regular wallet that can store crypto and NFT with an additional feature, Crypto Exchange. The ecosystem is neutral and we classify ENJIN 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 at first is a wallet that can store NFTs and tokens. Now they have become NFTs marketplace for the game/project under Enjin and will launch a new Metaverse play to earn game called Efinity. The platform allows users to trade NFT's and no other features are offered. Everything seems clear and neutral on this project. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | There are two tokens in this project: 1)Enjin coin used to purchase NFT in the marketplace and as a value represent NFT that can be melted anytime. 2)Efinity token acts as a governance token, staking reward, and transaction fees. | Passed |
| Staking Method | Proof of stake method mechanism by this protocol complies with Shariah's rulings. Staking ENJ will be rewarded by transaction fees (Efinity token). | Passed |
Read the source document and verify project fundamentals.