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Prometeus logo

Prometeus

PROM Shariah
$9.38
-5.87% (24h)
Market Cap
$171.10M
Consensus
ERC-20 Token
Screening
Q1 2022
Status
Shariah

Shariah Judgement

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Detailed Screening Breakdown

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 aims to become a platform for data market as blockchain world is about data. There are various marketplace/platform are launched under this project. We identified that the only platform that operate directly under Prometeus are Promify, Ignite, and Stoa which comply with Shariah compliance. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token The utility token of Prometeus is PROM. It can be used for medium of exchange, interact with whole Prometeus ecosystem and become a validator. Passed
Staking Method Holders can stake PROM and become data validator for the ecosystem. The reward came from permissible mechanism. Passed

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Official Reference

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