Orbit chain is a layer 1 project that offers interoperability functions for users. Developers can have seamless access and multi-function application development services to Orbit Chain through Orbit SDK. The products and features in this network are clear. We classified Orbit 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 offered SDK for developers to build Dapps on their network. All related Dapps in the ecosystem that does reflect the permissibility of the project, instead, the Dapps only use their service as developers. All the features in this project comply with Shariah's rulings. | 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 and staking to secure their network. | Passed |
| Staking Method | The staking method 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.