Is NEO (NEO) Halal or Haram?
Shariah compliance review of NEO (NEO) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Neo is a blockchain-based cryptocurrency and application platform used to run smart contracts and decentralized applications. The project, originally named Antshares, was founded in 2014 by Da HongFei and Erik Zhang and rebranded as Neo in 2017.
Staking verdict: Non-Comfortable
There is no participating on consensus protocol on this network for users. Therefore, deposits on CEX's and lending/borrowing protocols are to be avoided.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.