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EOS Force logo

EOS Force

EOSC Shariah
$0.7886
-2.96% (24h)
Market Cap
$888.26M
Consensus
EOSIO / DPOS BFT Pipeline Consensus
Screening
Q2 2023
Status
Shariah

Shariah Judgement

EOSC is a decentralized platform that provides high-performance smart contract solutions and innovative upgrades to improve the EOS ecosystem. It offers a new resource model that solves the resource problem of EOS ecology completely, and is the first to achieve the decentralized "soft fork" upgrade process. Furthermore, none of the EOSC network's features are contradictory with Shariah, making it a Shariah compliant platform.

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Detailed Screening Breakdown

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 EOSForce (EOSC) is a decentralized high-performance smart contract platform that optimizes the election mechanism of EOSIO. The EOSC community, composed of a decentralized autonomous organization, aims to accelerate the mass commercial implementation of the crypto economy. EOSC offers a new resource model that solves the resource problem of EOS ecology completely, and is the first to achieve the decentralized "soft fork" upgrade process. EOSC's financial and technical features include offering a more friendly smart contract development, cross-chain service adaption, and customizable blockchain development framework. In summary, EOSC is a decentralized platform that offers high-performance smart contract solutions and innovative upgrades to improve the EOS ecosystem. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token The primary usage of the EOSC token is to obtain resources on the EOSC mainnet, where each transaction consumes bandwidth, computing, and storage resources. The three broad classes of resources that the EOSC token can obtain are bandwidth (NET), computing (CPU), and storage (RAM). Passed
Staking Method Users can generate more EOSC through block rewards and voting rewards. Block producers receive 10% of block rewards based on the weight of block-generating age, while voting rewards incentivize users to participate in voting by providing them with rewards that come from tokens increased annually. Passed

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Official Reference

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