The whole ecosystem and the token are very neutral. EOS act as store of value same as Bitcoin, but using proof of stake consensus mechanism. Claimed to be more efficient and fast than other crypto in transaction speeds. This token classify 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 | Eosio is an open-source blockchain platform that helps developers, investors, and businesses build platforms. Eosio acts like Ethereum that providing a platform to build Dapps. Overall the platform is aligned with Shariah rulings. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | EOS is used in the Eosio blockchain platform as a utility token. | Passed |
| Staking Method | Staking in Eos is called 'block producing'. Block Producers run nodes to maintain the EOS Mainnet. Everybody holding EOS tokens can vote for the Block Producers of his choice. New block procurement method operated by this protocol complies with the Shariah rulings. | Passed |
Read the source document and verify project fundamentals.