Is this crypto halal? Shariah screening report
EscoinToken
ELG
- Price
- $0.284963
- Market cap
- $44.78M
- Circulating supply
- 157,137,248.97
- 24h change
- -0.01%
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
Ethereum Ecosystem Polygon Ecosystem
Honesty & Founder Intent Clear
Token distribution information shows a structured allocation with vesting periods for team members and early investors, suggesting measures to prevent market manipulation.
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
Ethereum Ecosystem Polygon Ecosystem
Current Usage
ELG has demonstrated modest adoption within its intended ecosystem. The token is actively used for tournament entry fees and reward distributions on the EsportsBattle platform.
Development Activity
The project maintains regular development activity with continuous updates to the EsportsBattle platform. The focus appears to be on expanding tournament offerings and improving user experience.
Token Distribution
Token distribution information shows a structured allocation with vesting periods for team members and early investors, suggesting measures to prevent market manipulation.
Rating Justification
ComfortableBased on our analysis, EscoinToken operates primarily as a utility token within a legitimate esports ecosystem. The core activities of the platform focus on skill-based gaming competitions rather than gambling or other prohibited activities. The token serves clear utility purposes for platform operations and reward distribution. While the project is still developing its ecosystem, the fundamental structure and use cases align with Islamic principles as they involve actual value exchange and legitimate utility.
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