HOLO, a platform to build Dapps that is slightly different from other blockchain ecosystems using post-blockchain technology. Everything offered on their platform seems neutral. Therefore, we classify HOLO 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 is neutral and aligns with Shariah's rulings. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | HOT acts as temporary, transferable receipts which can be redeemed for HoloFuel. Holofuel is the main token in this project and is used to redeem fuel earned by hosting for other currencies to pay your bills | Passed |
| Staking Method | HoloFuel is earned by providing hosting power. | Passed |
Read the source document and verify project fundamentals.