Security Token Offering
Crypto Overview
Analysis Error
Despite thorough research, I am unable to find reliable, current information about a cryptocurrency with the ticker symbol 'STO'. While there are references to 'Security Token Offerings' as a type of token offering mechanism (similar to ICOs), I cannot find a specific cryptocurrency named 'Security Token Offering' with the ticker 'STO' trading on major exchanges or listed in cryptocurrency databases.
It's possible this token either: a) exists but has very limited information available, b) has ceased trading, or c) is being confused with the general concept of Security Token Offerings.
Without being able to verify basic information about the token's existence, purpose, or current usage, I cannot provide an accurate Shariah compliance assessment.
Crypto Impact
To assign a comfort level investing in Security Token Offering from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Security Token Offering.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.