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Storj

STORJ Shariah
$0.5104
-6.00% (24h)
Market Cap
$196.55M
Consensus
Byzantine Fault Tolerance
Screening
Q1 2022
Status
Shariah

Shariah Judgement

Cloud storage in blockchain network. The whole ecosystem is neutral and 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's purpose is to provide a platform for users to store their data across the encrypted storage in blockhain. 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 purchase cloud storage and as a reward for renting your hard drive. Passed
Staking Method No staking. Passed

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Official Reference

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