As salam aleykoum wa rahmatAllah,
Is the system of crowdloan on the ecosystem Polkadot/Kusama halal ?
Quick explanation :
The point of Kusama/Polkadot ecosystem is to connect differents blockchains through a parachain.
To obtain a parachain and connect their blockchain to the others, the projects must participate in a candle auction where they will bid some KSM or DOT.
The project that win the auction obtain a parachain for a duration predefined.
The KSM/DOT that have been use to bid are locked for the period of the parachain and released to the biders at the end of this parachain.
To raise a large amount of KSM/DOT to bid, the projects have put i place the system of crowdloan. We can lend KSM/DOT to the project and they distribute us tokens of the project if they win the auction. If they dont win the auction, they give you back your KSM/DOT.
If they win the auction and obtain a parachain. Our KSM/DOT are blocked for the duration of the parachain and retrieved at the end of the parachain.
I’v been searching to know if this system is halal or not but i’v found nothing, so I don’t want to invest in this without a clarification.
JazakoumAllahu kheyran for all your work