TEZOS's whole ecosystem and its token are very neutral. TEZOS acts as a store of value, same as Bitcoin, but using a proof of stake consensus mechanism. All the features in the network had been reviewed by our team and nothing dubious was found. This token is classified 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 | Tezos offers a platform to create smart contracts and build decentralized applications that cannot be censored or shut down by third parties. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The native cryptocurrency for the Tezos blockchain is the Tez which has the symbol XTZ. The XTZ cryptocurrency plays a key role in maintaining and operating the Tezos network and can be used for holding, spending, sending, or baking. | Passed |
| Staking Method | Proof of stake method mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. | Passed |
Read the source document and verify project fundamentals.