Radicle's main focus is enabling decentralized, peer-to-peer collaboration among developers. Its objective is to eliminate intermediaries and build a robust, dependable, and secure ecosystem for developers to create and construct DApps. This is made possible by Radicle Link, a peer-to-peer replication technology.
| 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 the fundamental underlying value that allows it to be categorized as 'Mal'. | Passed |
| Project | The Radicle project facilitates decentralized and peer-to-peer collaboration among developers for coding and building DApps. While the ecosystem does not contain any prohibited features, there is no clear statement on the prohibition of non-halal industries. As per the doctrine of fiqh muamalat, the primary ruling for contracts and conditions in financial dealings is permissibility, unless proven otherwise. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The RAD token serves as the economic engine for the Radicle crypto ecosystem, providing support for network functionalities and acting as a decentralized governance mechanism. RAD token owners have the ability to vote on platform changes via on-chain governance, including the Radicle Treasury and protocol changes. Additionally, RAD token owners can utilize Radicle protocols built on Ethereum at a reduced cost or for free, while non-owners will need to pay the standard market rate gas fees to use the same protocols. | Passed |
| Staking Method | Proof of stake 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.