Is this crypto halal? Shariah screening report
Io Net
IO
- Price
- $0.129722
- Market cap
- $49.49M
- Circulating supply
- 381,483,051.217
- 24h change
- -1.13%
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 the IO token is to facilitate payments between computing power providers and users within the io.net network. The token also serves as a governance mechanism for protocol decisions. The project is still in development, with the mainnet launch expected in 2024.
Honesty & Founder Intent Clear
The token distribution includes allocations for the team, early investors, and ecosystem development. While specific percentages are not publicly available yet, the project has announced plans for vesting schedules to align long-term incentives.
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 the IO token is to facilitate payments between computing power providers and users within the io.net network. The token also serves as a governance mechanism for protocol decisions. The project is still in development, with the mainnet launch expected in 2024.
Business Model
The business model revolves around creating a decentralized marketplace for computing resources, particularly focused on AI applications. This model appears to be based on legitimate value exchange, where parties trade real computing resources for compensation.
Development Activity
The project shows active development with regular GitHub commits and technical updates. The team includes experienced developers from established tech companies and has secured partnerships with notable AI companies.
Token Distribution
The token distribution includes allocations for the team, early investors, and ecosystem development. While specific percentages are not publicly available yet, the project has announced plans for vesting schedules to align long-term incentives.
Rating Justification
ComfortableBased on our analysis, io.net appears to be a legitimate project focused on creating real utility in the AI computing space. The core business model involves the exchange of actual computing resources, which constitutes a valid form of trade under Islamic principles. Key factors supporting this assessment: 1. Clear utility case for facilitating computing resource exchange 2. Active development and legitimate technological objectives 3. Transparent business model based on real value exchange 4. Absence of interest-based mechanisms or gambling elements
- Clear utility case for facilitating computing resource exchange
- Active development and legitimate technological objectives
- Transparent business model based on real value exchange
- Absence of interest-based mechanisms or gambling elements
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.
Comparable assessments
Aethir ATH
ComfortableComfortable — Based on available information, Aethir's core business model and stated objectives do not appear to involve any activities that would be considered haram under
Open reportGEODNET GEOD
ComfortableComfortable — Based on our analysis, GeodNet (GEOD) demonstrates legitimate utility through its wireless network infrastructure model. The project involves real asset ownersh
Open reportGrass GRASS
UnclearUnclear — Sharia Compliance Assessment Due to the lack of verifiable information about GRASS token's fundamental characteristics, utility, and operational model, we must
Open reportAIOZ Network AIOZ
ComfortableComfortable — Based on our analysis, AIOZ Network demonstrates legitimate utility in providing decentralized content delivery infrastructure. The project's focus on technical
Open reportAkash Network AKT
ComfortableComfortable — After analyzing Akash Network's utility and implementation, we find that its core business model aligns with Islamic principles. The platform provides real util
Open report
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