Is Holo (HOT) Halal or Haram?
Shariah compliance review of Holo (HOT) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Holo is a peer-to-peer distributed platform for hosting decentralized applications built on Holochain, a framework that does not rely on blockchain technology. Holo aims to connect the broader internet with Holochain apps, creating an ecosystem and marketplace where DApps are easily accessible, hosted by participants in the Holo network.
Staking verdict: Non-Comfortable
There is no consensus protocol. HoloFuel tokens are earned by power providers. Any other instrument that claims to be "staking" for HOT is to be avoided.
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