Is this crypto halal? Shariah screening report
PolySwarm
NCT
- Price
- $0.015609
- Market cap
- $29.43M
- Circulating supply
- 1,885,500,782
- 24h change
- 19.68%
Report generated 8/27/2026, 6:34:28 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
PolySwarm is a decentralized threat intelligence marketplace where security experts compete to detect threats and protect users. The NCT token is used as the native currency within this marketplace, enabling transactions between threat intelligence providers and consumers.
Honesty & Founder Intent Clear
NCT tokens are distributed among marketplace participants, with allocations for the development team and early investors. The project maintains transparency regarding token distribution and vesting schedules. Technology and Revenue Model The platform's revenue model is based on legitimate exchange of services, where security experts earn tokens by providing valuable threat detection capabilities.
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
PolySwarm is a decentralized threat intelligence marketplace where security experts compete to detect threats and protect users. The NCT token is used as the native currency within this marketplace, enabling transactions between threat intelligence providers and consumers.
Current Usage
PolySwarm has established partnerships with various cybersecurity firms and maintains an active marketplace. The platform processes real threat samples and facilitates actual security transactions, though adoption remains at a relatively early stage.
Business Model
The platform allows security experts to submit threat detection engines and earn NCT tokens when they correctly identify malware or other cyber threats. Organizations can use NCT to pay for threat detection services. This model creates a legitimate marketplace for cybersecurity services.
Development Activity
The project maintains active development on GitHub, with regular updates to their threat detection infrastructure and marketplace functionality. The team continues to enhance the platform's capabilities and interface.
Token Distribution
NCT tokens are distributed among marketplace participants, with allocations for the development team and early investors. The project maintains transparency regarding token distribution and vesting schedules. Technology and Revenue Model The platform's revenue model is based on legitimate exchange of services, where security experts earn tokens by providing valuable threat detection capabilities. This aligns with Islamic principles as it involves actual value creation and exchange.
Rating Justification
ComfortableBased on our analysis, PolySwarm (NCT) operates as a legitimate marketplace for cybersecurity services. The token serves a clear utility function within the ecosystem, facilitating transactions between security providers and consumers. There is no evidence of gambling mechanics or interest-based activities in the core protocol. The business model is straightforward and transparent, involving the exchange of real services for tokens. While adoption and development are still in progress, this doesn't impact the halal status of the project.
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.
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