Cloud storage with peer-to-peer networks and blockchain technology is an easy way to describe SIACOIN. Sia mining pools and Siafunds are among the features offered by the network and we found that their operation are in line with shariah ruling.
| 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 provide users renting services though decentralized network. Other features as Skynet and hosting storage services on this network considered as Shariah Compliance. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token is used to pay storage renting and hosting fees. | Passed |
| Staking Method | No staking. | Passed |
Read the source document and verify project fundamentals.