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Xyo

XYO Shariah
$0.007821
-1.69% (24h)
Market Cap
$105.41M
Consensus
Proof of Origin
Screening
Q1 2022
Status
Shariah

Shariah Judgement

The network has four main components: Sentinels (Data Gatherers), Bridges (Data Relayers), Archivists (Data Storers), and Diviners (Answer Aggregators). These components work with each other in a mechanism known as Proof of Origin. Overall, the features in this ecosystem are neutral.

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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 XYO Network is a service that offers resources for developers who are interested in building a location-based network that is based on shared incentives. Passed
Financials The token is not backed by any equity, thus there is no financial screening on this token. Passed
Token The token is ERC-20 token that can be used to engage on the XYO network. Passed
Staking Method No staking. Passed

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Official Reference

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