Is this crypto halal? Shariah screening report
Decentraland
MANA
- Price
- $0.076260
- Market cap
- $151.45M
- Circulating supply
- 1,985,909,566.533
- 24h change
- 3.64%
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
MANA serves as the native currency within Decentraland's ecosystem. It is used to purchase LAND parcels (represented as NFTs), virtual goods, and services within the platform. The token also provides governance rights, allowing holders to participate in decisions affecting the platform through the Decentraland DAO.
Honesty & Founder Intent Clear
Initial token distribution allocated 40% to the community, 20% to founding team and early contributors (with vesting periods), 20% for development, and 20% for early investors. The vesting schedules and transparent allocation suggest responsible token economics.
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
MANA serves as the native currency within Decentraland's ecosystem. It is used to purchase LAND parcels (represented as NFTs), virtual goods, and services within the platform. The token also provides governance rights, allowing holders to participate in decisions affecting the platform through the Decentraland DAO.
Current Usage
As of 2024, Decentraland has established partnerships with various brands and companies for virtual events and experiences. The platform hosts virtual art galleries, social spaces, and commercial venues. While user numbers fluctuate, there is consistent activity in both the virtual world and the marketplace.
Business Model
The platform's core business model revolves around creating a decentralized virtual world where users can own digital real estate and create content. Revenue streams come from legitimate activities like virtual real estate sales, marketplace transactions for digital assets, and advertising within the virtual space.
Development Activity
The project maintains active development with regular updates to the platform. The development team continues to implement new features and improvements, with transparent GitHub activity and regular community updates.
Token Distribution
Initial token distribution allocated 40% to the community, 20% to founding team and early contributors (with vesting periods), 20% for development, and 20% for early investors. The vesting schedules and transparent allocation suggest responsible token economics.
Rating Justification
ComfortableFrom a Shariah compliance perspective, MANA demonstrates several positive attributes: 1) It represents actual ownership of a utility token with clear use cases, 2) The platform facilitates legitimate business activities and value creation, 3) Transactions involve real asset exchange, and 4) The core activities do not involve prohibited elements like gambling or interest-based lending. While the platform does include speculative elements through trading of virtual land and assets, these activities involve actual ownership transfer and utility, distinguishing them from prohibited gambling activities. The governance and utility aspects of the token provide legitimate value beyond mere price speculation.
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.
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