Is Celer (CELR) Halal or Haram?
Shariah compliance review of Celer (CELR) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Celer is a blockchain interoperability protocol that enables a one-click experience for accessing tokens, DeFi, GameFi, NFTs, and governance across multiple chains. Developers can build inter-chain dApps using the Celer Inter-chain Messaging SDK, allowing users to enjoy a diverse multi-blockchain ecosystem with a simple, single-transaction interface. Sharlife.my Analisys: The protocols involves Non-Shariah compliant investment strategies.
Staking verdict: Non-Comfortable
The actual Proof-of-Stake consensus protocol is available on the official website. However, based on the conclusion regarding the permissibility of buying and selling the CELR coin under Shariah standards (trading section), we recommend avoiding participation in staking and any instruments related to this token.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.