Is DoubleZero halal?
DoubleZero is a blockchain infrastructure project. It is issued as a token on Solana.
DoubleZero does not clear every threshold of our screen. Its weakest point is the Clarity criterion (64 out of 100). Fairly small (market value about $153 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 $153 million). Smaller markets move more easily.
Nothing in its public tags points to gambling-style mechanics.
The token is used to pay for or secure a service people actually use.
Providing data, storage or computing services 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.