NEO's whole ecosystem and its token are very neutral. NEO acts as a store of value, same as Bitcoin, but using a proof of stake consensus mechanism. All the features in the network had been reviewed by our team and nothing dubious was found. This token is classified 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 | Neo enables developers to digitize and automate the management of assets through smart contracts. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | Neo adopts a dual token mechanism. It separates the rights of governance that use NEO, and for gas, fees will use GAS in Neo network. Neo's ecosystem is neutral and aligned with Shariah. | Passed |
| Staking Method | The selected group of consensus nodes, through BFT algorithm, reach a consensus and generate new blocks. This method of mechanism by this protocol complies with Shariah's rulings. | Passed |
Read the source document and verify project fundamentals.