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Mobox

MBOX Non-Shariah
$0.3298
-4.96% (24h)
Market Cap
$103.25M
Consensus
Screening
Q1 2022
Status
Non-Shariah

Shariah Judgement

The project combines NFT and DeFi together in one platform. The main feature is the gaming ecosystem that can give enjoyment and rewards to users for their contributions. All the games and play to earn mechanism that have been implemented in Mobox are clearly neutral. However the staking method mechanism by this protocol does not complies with Shariah's rulings. We classify MBOX as Non-Shariah.

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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 project combines NFT and DeFi together in one platform. The main feature is the gaming ecosystem that can give enjoyment and rewards to users for their contributions. All the games and play to earn mechanism that have been implemented in Mobox are clearly 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 to staking and engage in the Mobox gaming ecosystem. Passed
Staking Method The staking mechanism in this protocol involves many uncertainty and gambling elements. For example is, the crates for staking could determine how powerful our hash rate is given randomly with a fixed price. Failed

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Official Reference

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