Is this crypto halal? Shariah screening report
DEAPcoin
DEP
- Price
- $0.000984
- Market cap
- $29.37M
- Circulating supply
- 29,852,898,535.329
- 24h change
- 1.61%
Report generated 8/27/2026, 6:34:27 PM · stored corpus assessment · confidence 88%
Crypto Halal Report Criteria
We use a disciplined framework to determine if a digital asset is Comfortable from a sharia perspective, based on three core pillars.
Purpose & Real-World Value Clear
The primary utility of DEAPcoin includes: purchasing NFTs on the PlayMining NFT marketplace, in-game currency for PlayMining games, and rewards distribution for platform participation. Users can earn DEP tokens through playing games on the platform.
Honesty & Founder Intent Clear
Token distribution appears relatively balanced between platform operations, team allocation, and public circulation. The project maintains transparency regarding token economics and usage of funds.
Dealing with Risk & Speculation Clear
Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.
Crypto Overview
Purpose and Utility
The primary utility of DEAPcoin includes: purchasing NFTs on the PlayMining NFT marketplace, in-game currency for PlayMining games, and rewards distribution for platform participation. Users can earn DEP tokens through playing games on the platform.
Current Usage
PlayMining has established partnerships with various gaming companies and content creators. The platform reports active users across multiple countries, particularly in Southeast Asia. The DEP token has maintained consistent trading volume and platform usage since its launch.
Business Model
The business model centers around gaming and digital entertainment, with clear utility mechanisms for token usage. The platform features multiple play- to-earn games and an NFT marketplace, providing legitimate use cases for the token. The games themselves do not appear to involve gambling mechanics, instead focusing on skill-based gameplay and collection elements.
Development Activity
The project maintains regular development updates and platform improvements. The team consistently releases new games and features for the PlayMining ecosystem, demonstrating ongoing commitment to the project's growth.
Token Distribution
Token distribution appears relatively balanced between platform operations, team allocation, and public circulation. The project maintains transparency regarding token economics and usage of funds.
Rating Justification
ComfortableBased on our analysis, DEAPcoin demonstrates clear utility through its gaming platform and NFT marketplace. The token serves legitimate purposes within its ecosystem and involves actual asset ownership and value exchange. The platform's focus on gaming and digital entertainment avoids major Islamic finance concerns regarding riba or gambling. The business model appears transparent and straightforward, with clear use cases that align with halal principles. While the gaming industry can sometimes raise concerns, the PlayMining platform's games appear to focus on skill-based gameplay rather than chance-based mechanics.
While we find this token comfortable to invest in from a Shariah-screening perspective, this does not imply we think it is a strong investment.
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Disclaimer: These reports are findings of AI analysis and cannot be guaranteed to be accurate. Ratings reflect opinions derived from automated criteria applied to the sources you submitted and a corpus of prior assessments. This is not a fatwa and does not determine Islamic law. Ratings may change as projects evolve. Always conduct your own research before investing.
- corpus