| Category | Details | Status |
|---|---|---|
| Legitimacy | Findora is not currently regulated by any authority in any country. However, it is a legitimate project that is backed by reputable investors and has a team of experienced developers and advisors. The project has a well-defined path and a legitimate blockchain product, while the token/coin has a fundamental underlying value that qualifies it as a "Mal" or asset. | Passed |
| Project | Findora is a blockchain-based financial network that aims to provide a scalable and interoperable platform for decentralized financial services. It uses advanced cryptography techniques, including zero-knowledge proofs, to enable secure and private financial transactions without revealing any sensitive information. No non-Shariah-compliant elements were found. Thus, this project is permissible to invest in. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The FRA token is important for the Findora network, as it allows users to participate in governance and liquidity provision, and can be used to pay transaction fees. | Passed |
| Staking Method | Findora's proof-of-stake (PoS) consensus mechanism allows users to stake their FRA tokens to help secure the network and participate in governance. Validators process transactions and earn rewards, while users who stake their FRA tokens can earn staking rewards based on the amount and length of time they stake. | Passed |
Read the source document and verify project fundamentals.