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Solanium

SLIM Shariah
$0.2366
-1.69% (24h)
Market Cap
$23.66M
Consensus
Proof of Stake
Screening
Q1 2022
Status
Shariah

Shariah Judgement

Solanium is the go-to platform for the Solana blockchain. The platform provides new projects to be listed on market. Users are free to invest or register their interest in certain projects on this platform. But be careful, we don't filter the project listed on this platform, some of them do not comply with Shariah. The platform eventually is neutral for us to stake money.

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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 provides a platform for any new project to launch by distributing Tokens or NFT or in easy terms, its IDO. The purpose of the project is clear and neutral, however, users must be aware of what project they are investing in. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token SLIM acts as a staking medium. While xSLIM is a token that is rewarded by staking SLIM and acts as a governance token. Passed
Staking Method The staking method mechanism by this protocol complies with Shariah's rulings. Staking SLIM will be rewarded with xSlim and entitled the token holders for fee distribution, voting rights, and exclusive or early pool access. Passed

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Official Reference

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