The project aims to develop a platform that has a decentralized, fair, and transparent ecosystem for NFT content. Consumers and creators both gain fair benefits in terms of fees and rewards. The features and fees distribution method by the project is neutral. We classified KOK 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 develop a platform that has a decentralized, fair, and transparent ecosystem for NFT content. Consumers and creators both gain fair benefits in terms of fees and rewards. The features and fees distribution method by the 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 as compensation for content, medium of exchange, and payment medium. | Passed |
| Staking Method | The staking mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. | Passed |
Read the source document and verify project fundamentals.