Moonbeam is a parachain slot on the Polkadot network that allows developers to port their projects with minimal to no code changes, enabling them to tap into the Polkadot ecosystem and all its assets. Every features in this network seem neutral as the project is similar to KUSAMA. We conclude that Moonriver is 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 analysis is similar to KUSAMA. | 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 a medium of exchange, staking and transaction fees. | Passed |
| Staking Method | The staking method mechanism using parachain through auction system complies with Shariah. | Passed |
Read the source document and verify project fundamentals.