Is Echelon Prime (PRIME) Halal or Haram?
Shariah compliance review of Echelon Prime (PRIME) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
PRIME is the native token of the Echelon Prime Foundation, a Web3 ecosystem focused on advancing the next generation of gaming. Echelon develops tools to foster innovation and growth in new gaming models and economies. The first game to use PRIME is Parallel, a sci-fi trading card game. Sharlife.my: The projects run by Echelon Prime appear to be in accordance with Shariah principles. CryptoHalal: Echelon Prime is Mubah (Halal).
Staking verdict: Non-Comfortable
There is no actual consensys protocol for PRIME token. This is why any so called "staking" for this token is impermissible, because it lacks participating in creating new blockchain transactions in the blockchain. You can read more about Proof-of-Stake protocol on our Blogs section below this crypto list.
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