Golem acts as a network to share computing power across the users. Users can pay other users for sharing their unused resources. The token acts as a store of value and no features offered by them seem dubious. GOLEM is classified 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 aims to utilize idle computing resources. Users can rent other users unused computing resources for many purposes. The feature of this project is neutral. | 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 for any transactions regarding renting and reward for renting unused computing resources. The concept used in this contract same as the Ijarah concept. | Passed |
| Staking Method | No staking | Passed |
Read the source document and verify project fundamentals.