Is this crypto halal? Shariah screening report
Gnosis
GNO
- Price
- $117.74
- Market cap
- $310.76M
- Circulating supply
- 2,639,508.238
- 24h change
- -0.92%
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 GNO token's primary utility is governance rights over the Gnosis ecosystem, including the Gnosis Safe multi-signature wallet, Gnosis Protocol decentralized exchange, and Gnosis Chain (formerly xDai Chain). Token holders can participate in protocol governance decisions and shape the future development of the ecosystem.
Honesty & Founder Intent Clear
The initial token distribution allocated a significant portion to the team and early investors, with vesting periods implemented. Current circulation shows broader distribution among governance participants.
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 GNO token's primary utility is governance rights over the Gnosis ecosystem, including the Gnosis Safe multi-signature wallet, Gnosis Protocol decentralized exchange, and Gnosis Chain (formerly xDai Chain). Token holders can participate in protocol governance decisions and shape the future development of the ecosystem.
Current Usage
Gnosis Safe is widely adopted in the DeFi space, securing billions in digital assets for DAOs and organizations. The Gnosis Chain processes thousands of transactions daily, primarily for DeFi applications.
Business Model
Gnosis has developed several key products: Gnosis Safe (a multi-signature wallet solution), Gnosis Protocol (a decentralized exchange), and Gnosis Chain (an EVM-compatible blockchain). The ecosystem generates revenue through transaction fees and protocol services, which are distributed to token holders who participate in governance.
Token Distribution
The initial token distribution allocated a significant portion to the team and early investors, with vesting periods implemented. Current circulation shows broader distribution among governance participants.
Rating Justification
ComfortableWhile Gnosis began with prediction markets (which would be concerning from a Shariah perspective), the project has evolved to focus on legitimate blockchain infrastructure, secure wallet solutions, and decentralized exchange technology. The current use cases of GNO token primarily revolve around governance and ecosystem participation, which do not involve gambling or riba. The main products (Gnosis Safe, Gnosis Chain) provide genuine utility in securing and transferring digital assets. While some applications built on Gnosis Chain might involve non-compliant activities, the base protocol and governance token itself does not inherently facilitate haram activities.
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