Is this crypto halal? Shariah screening report
Gains Network
GNS
- Price
- $0.512153
- Market cap
- $11.97M
- Circulating supply
- 23,367,885.553
- 24h change
- -2.24%
Report generated 8/30/2026, 7:55:02 PM · confidence 70%
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 token has identifiable utility: The token is used within the Gains Network ecosystem for various functionalities.
Honesty & Founder Intent Clear
Current supply is 23,369,539.85507841 GNS.
Dealing with Risk & Speculation Clear
Price volatility and speculative trading, by themselves, do not make the asset Uncomfortable. No zero-sum gambling product was identified as the core use.
Crypto Overview
Purpose and Utility
Gains Network is a cryptocurrency that operates on the Polygon platform. The token is used within the Gains Network ecosystem for various functionalities, primarily involving trading and utilizing derivatives.
Current Usage
Gains Network is actively traded on 268 markets, indicating a robust level of engagement and utilization within the cryptocurrency space.
Business Model
The revenue model is likely based on transaction fees and trading activities within the platform, which aligns with its core functionalities.
Development Activity
Gains Network was launched in 2020 and continues to operate on the Polygon platform, suggesting ongoing development and support for its ecosystem.
Token Distribution
The current supply is 23,369,539.85507841 GNS, which indicates a controlled distribution of the token.
Rating Justification
ComfortableThe rating of Comfortable is based on several factors. The token has identifiable utility within its ecosystem, and while there is price volatility and speculative trading, these factors alone do not render the asset Uncomfortable. Additionally, there are no identified zero-sum gambling products as the core use, and the founder's intent appears to be aligned with legitimate utility.
- Identifiable utility within the Gains Network ecosystem.
- No core activities involving gambling or interest-based lending.
- Active trading across multiple markets.
While the analysis indicates a Comfortable rating, it is essential to remain vigilant regarding the evolving nature of the cryptocurrency market and its compliance with Islamic finance principles.
Comparable assessments
Gnosis GNO
ComfortableGnosis has evolved from prediction markets to focus on legitimate blockchain infrastructure and governance, avoiding gambling or riba.
Mango MNGO
UncomfortableMango's core activities involve interest-based lending and speculative derivatives trading, which are problematic from an Islamic finance perspective.
GMX GMX
UncomfortableGMX facilitates leveraged perpetual futures trading, raising significant concerns regarding its alignment with Islamic finance principles.
Synthetix SNX
ComfortableSynthetix provides real utility through its synthetic assets infrastructure, involving actual asset ownership and value creation.
GEODNET GEOD
ComfortableGeodNet demonstrates legitimate utility through its wireless network infrastructure model, with no apparent conflicts with Islamic principles.
Ethena ENA
UncomfortableEthena's reliance on perpetual futures trading and yield generation through interest-like methods raises concerns regarding Shariah compliance.
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.