Is Onyxcoin halal?
Onyxcoin is a layer-1 blockchain that runs its own network. It is issued as a token on Ethereum.
Onyxcoin does not clear every threshold of our screen. Its weakest point is the Clarity criterion (64 out of 100). Fairly small (market value about $159 million). Smaller markets move more easily.
Shariah screen result
mean of the five criteria
Nothing in its public tags points to an interest-based mechanism.
Fairly small (market value about $159 million). Smaller markets move more easily.
Nothing in its public tags points to gambling-style mechanics.
Its value is tied to a working network that people pay fees to use.
Running a public blockchain for payments and applications is a permissible purpose.
How this was made: we scored the coin's public category tags and market size against the same five criteria and thresholds we use in our reviewed screen. Nobody has yet read its whitepaper or checked its revenue. This is a screening result, not a fatwa. Scholars may reach different views, so check with a qualified scholar before relying on it.