Wadzpay is a blockchain-based payment ecosystem that offers interoperability with other blockchain systems. It enables digital asset-based transaction processing and settlement through partnerships with large international payment companies, global companies, and banks. The token is classified as Shariah compliant with no features related to Shariah issues.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a well-defined path and a legitimate blockchain product, while the token/coin has a fundamental underlying value that qualifies it as a "Mal" or asset. | Passed |
| Project | The project aims to offer a payment solution for micropayments, e-commerce, and point-of-sale terminals. There are no Shariah-related issues arising from any of the products provided by the project. | Passed |
| Financials | The token is not backed by any equity, therefore it has not undergone any financial screening. | Passed |
| Token | The token main utility is to serve as a medium of exchange. | Passed |
| Staking Method | The sink consensus method is applied to premium membership in order to reduce the velocity of the circulating supply. Active holders can achieve premium status, which allows them to earn WTK-based rewards from the tokens they stake and gives them access to exclusive platform-related services offered by Wadzpay. There are no Shariah-related issues arising from the staking method. The reward come from loyalty program. | Passed |
Read the source document and verify project fundamentals.