Is Hivemapper (HONEY) Halal or Haram?
Shariah compliance review of Hivemapper (HONEY) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Hivemapper (HONEY), launched in November 2022, is a decentralized mapping network that rewards users for collecting high-resolution street-level imagery using 4K dashcams through a Drive-to-Earn model. These dashcams serve as both cameras and blockchain mining devices, allowing users to earn HONEY tokens as they operate them. Sharlife.my Analisys: As of now, the projects run by Hivemapper appear to be in accordance with Shariah principles.
Staking verdict: Questionable
Hivemapper is a protocol that offers a specific service in which token holders do not participate; therefore, there is no consensus mechanism for them to secure the chain and earn yields. Any form of deposit with fixed yield or deposits on CEX's that claim to be "staking" for this protocol is better to avoid. Providing liquidity using this token would have a separate ruling.
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