Halal crypto ratings

SOL (SOLANA)

Network Purpose

Permissionless blockchain designed to facilitate decentralised app (dApp) creation

Token Use Cases

1. Staking
2. Transaction fees
3. Node incentives

Protocol & ConsensusMechanism

Proof-of-History (PoH), in combination with a traditional Proof-of-Stake (PoS) consensus mechanism.

Tokenomics

Solana has a fixed supply of 489 million SOL tokens, of which about 293 million SOL are currently in circulation

Shariah Compliance

Compliant

Shariah PowerRating

5/10