The project provides services for creating, issuing, and managing security tokens. No issues arose from the services provided by the project. We classified POLY 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 provides services for creating, issuing, and managing security tokens. The project currently has been developing its own blockchain and adopted a new token named POLYX. No issues arose from the services provided by the project. | 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 gas fees or transaction fees. Also can be used as a developer's payment for network services and can be staked. Holders can upgrade their token to POLYX as the project has upgrade to its own 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.