Gnosis is a decentralized trading protocol that utilizes unique trading mechanisms to execute trades. The product and features in this product are neutral. We classified GNO 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 provides introductions, technical documentation, and tutorials for building DeFi based on three interoperable product lines, create, trade, and hold. There are so many technicality protocols that do not implicate Shariah's perspectives in this project. Overall, the projects operate a genuine and permissible products. | 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 governance token and as a medium of exchange. | Passed |
| Staking Method | No staking. | Passed |
Read the source document and verify project fundamentals.