No issue arises from Persistence ecosystem. it's just another layer 1 project that develops their own blockchain and allows developers to build on the ecosystem.
| 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 | Persistence is an open-source protocol that enables the creation of next-generation financial products. Its technology stack can easily connect DeFi and traditional finance in various areas. The project is the same as other layer 1 projects but with an additional interoperability feature. The project is 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 for staking and engaging with Dapps built on the blockchain. | 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.