Nano is a protocol that aims to create a brand new digital currency for daily transactions with zero fees and instant speed. The main purpose of this project is neutral, while the utility of the network and token is limited as the project does not intend to develop a smart contract protocol in their network yet. Primarily, this project aims to serve merchants a good payment solution. We classify Nano 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 main purpose of this project is neutral, while the utility of the network and token is limited as the project does not intend to develop a smart contract protocol in their network yet. | 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. | Passed |
| Staking Method | No staking. | Passed |
Read the source document and verify project fundamentals.