The project aims to become an interoperability platform that can transfer assets to various networks through Renbridge features. They provide documentation and tools for developers to build Dapps under the network. The features and operation of this project are neutral. We classified Ren 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 aims to become an interoperability platform that can transfer assets to various networks through Renbridge features. They provide documentation and tools for developers to build Dapps under the network. The features and operation of this project are neutral. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token acts as a reward system for those who contribute their computing power through Darknodes. The token can also be used as a medium of exchange. | Passed |
| Staking Method | No staking, instead RenVM is powered by a network of machines called Darknodes, earning rewards for contributing compute power and storage space. | Passed |
Read the source document and verify project fundamentals.