THORChain

Halal Rating :
Questionable
Last Price $6.51 Last updated:
Rank 53
1D Change -2.66 %
Market Cap $2.18b
Circulating supply 334,515,022
Maximum supply None

Crypto Overview

Categories
  • Cosmos Ecosystem
  • Decentralized Exchange (DEX) Token
  • DeFi
  • DEX
  • Multicoin Capital Portfolio
  • Exnetwork Capital Portfolio
  • Injective Ecosystem

THORChain is building a chain-agnostic bridging protocol that will allow trustless and secure value-transfer connections with most other chains (such as Bitcoin, Ethereum, Monero and all of Binance Chain). Users will be able to instantly swap any asset at fair market prices and deep liquidity. Token holders will be able to stake any asset and earn on liquidity fees. Projects will be able to access manipulation resistant price feeds and accept payments in any currencies, no matter the type or liquidity.

Crypto Impact

To assign a comfort level investing in THORChain 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 THORChain.

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.

Justification for our Halal Rating