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Keep Network logo

Keep Network

KEEP Grey
$0.1716
-2.76% (24h)
Market Cap
$163.26M
Consensus
ERC-20 Token
Screening
Q1 2022
Status
Grey

Shariah Judgement

The ecosystem in this network is neutral, you can buy the coin, trade, and stake the coin. However beware of another staking pool in the platform, the Coverage pool which we doubt the permissibility of the product. We can't decide the permissibility of this product yet, hence we advise you to avoid using the product for now.

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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 The Keep Network is a public ledger that enables the storage of private data on the public blockchain. The project is completely 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 staking and a medium of exchange. Passed
Staking Method The staking method mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. However beware of another staking pool in the platform, the Coverage pool which we doubt the permissibility of the product. We can't decide the permissibility of this product yet, hence we advise to avoid the product for now. Grey

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Official Reference

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