Is this crypto halal? Shariah screening report
Ontology Gas
ONG
- Price
- $0.118390
- Market cap
- $56.79M
- Circulating supply
- 479,684,964
- 24h change
- -3.35%
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
ONG's primary purpose is to serve as the gas token for the Ontology network, similar to how ETH works for Ethereum. Users need ONG to pay for network operations, deploy smart contracts, and execute transactions. The token has clear utility within a functioning blockchain ecosystem.
Honesty & Founder Intent Clear
ONG is generated as users stake ONT tokens, with a clear distribution mechanism. The token generation and distribution model is transparent and follows a predetermined schedule.
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
ONG's primary purpose is to serve as the gas token for the Ontology network, similar to how ETH works for Ethereum. Users need ONG to pay for network operations, deploy smart contracts, and execute transactions. The token has clear utility within a functioning blockchain ecosystem.
Current Usage
The Ontology network has maintained consistent transaction activity, primarily for smart contract execution and network operations. While adoption isn't as widespread as some larger blockchain platforms, there is genuine utility being derived from the network.
Business Model
The business model revolves around providing a decentralized network infrastructure where ONG facilitates network operations. The model is transparent and doesn't involve any inherently prohibited activities under Islamic law. There are no interest-bearing mechanisms or gambling elements in the core protocol.
Development Activity
The project maintains active development with regular updates to the protocol. The GitHub repository shows consistent commits and improvements to the network infrastructure.
Token Distribution
ONG is generated as users stake ONT tokens, with a clear distribution mechanism. The token generation and distribution model is transparent and follows a predetermined schedule.
Rating Justification
ComfortableBased on our analysis, ONG demonstrates clear utility as a gas token for the Ontology network. The token serves a legitimate purpose in facilitating network operations and smart contract execution. There are no elements of gambling, interest-bearing mechanisms, or prohibited activities in its core functionality. The token's primary use case aligns with permissible activities under Islamic finance principles, as it involves actual asset ownership and value exchange. While speculation exists in secondary markets, this doesn't impact the fundamental halal nature of the token's 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