As-salaam alaikum. I am developer and working for several crypto projects. I want to know, is it halal to work on that projects and is it halal to hold tokens from that project and so on. I know, that you don’t do token screening here, so I describe projects and protocols. I’ll be very happy if you can answer.
Main project is attempt to make decentralized democratic economic with token XOR as main currency. Every decision about changes are done by community referendum. Here you can look additionally (https://medium.com/sora-xor/sora-new-economic-order-tokenomics-referendum-31581e8b649). Also it’ll have PoS protocol and users can stake their XOR’s to nominate validators among them who will validate blocks. Half of XOR used in SORA network transaction fees will be used to buy back and burn VAL tokens. New VAL tokens will be minted to reward validators and nominators for the SORA network. https://medium.com/sora-xor/sora-validator-rewards-419320e22df8
Second is Polkaswap, a non-custodial, AMM-DEX protocol for swapping tokens based on the Polkadot network. It has PSWAP token. Part of that token will be given to users for helping the SORA network win and maintain the KSM and DOT parachain auctions for the first 6 years. Polkaswap will have 0.3% trading fees per transaction, like Uniswap. Trading fees are used to buy back and burn PSWAP tokens and new PSWAP tokens are minted to reward users who provide liqudity. (https://medium.com/polkaswap/introducing-polkaswap-6f1db4003747)