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Revain

REV Shariah
$0.000064
+16.45% (24h)
Market Cap
$5.45M
Consensus
ERC-20 Token
Screening
Q1 2022
Status
Shariah

Shariah Judgement

A platform for users to drop a review on Ethereum blockchain-based tokens. REVAIN is designed for developers to receive feedback for their token, how the token user's experience, and how the features work on the platform. Basically, there is a reward system for every reward that can be considered as Shariah-compliant.

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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 is to provide a platform for users to write reviews about their experience in certain systems, mostly crypto companies. users can claim rewards after sharing a thought on those projects. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token The REV utility is to be a medium of reward system, while RVN is a dollar-pegged stablecoin used to reward and penalize users and companies in the review process. Passed
Staking Method Block procurement method operated by this protocol complies with Shariah rulings Passed

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Official Reference

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