N1
The N1 points campaign is impermissible to participate in. The underlying project is fundamentally built around perpetual futures and margin trading, which involve prohibited elements of leverage and gharar. Furthermore, there is no halal path to qualify for the airdrop, as the core required tasks mandate trading perpetuals. Users must avoid this campaign entirely.
Airdrop Tasks
Connect Wallet & Deposit Funds
RequiredDepositing funds is required, and placing capital into a venue primarily designed for impermissible derivatives trading is highly discouraged.
Trade Perpetual Futures
RequiredTrading perpetual futures involves leverage and excessive uncertainty (gharar), which are strictly prohibited in Islam. This task cannot be skipped.
Trade Synthetic Indexes
OptionalSynthetic and margin-based index trading involves prohibited elements of leverage and trading non-owned assets.
Atomic Basket Trades / Spot Swaps
OptionalExecuting standard spot swaps of permissible assets is generally allowed.
Referral Program
OptionalEarning a percentage of trading fees derived from impermissible perpetual and margin trading is prohibited.
Join TradeRush Waitlist
OptionalSubmitting an email address to join a waitlist is a neutral, permissible action.
Why This Verdict
The N1 points campaign and its eventual token are impermissible (Haram) to participate in or hold. First, regarding holding the asset: purchasing or holding the N1 token is Haram because the underlying project is a Layer 1 blockchain specifically optimized for and reliant on perpetual futures and margin trading. These activities involve prohibited elements of leverage and excessive uncertainty (gharar). Second, regarding the airdrop mechanisms: there is no halal path to qualify for this campaign. The mandatory tasks require users to connect a wallet and deposit funds, which is Doubtful as it places capital into a venue primarily designed for impermissible derivatives. More critically, users are forced to actively trade perpetual futures to generate volume and earn points, which is strictly Haram. While there are some opt-in permissible tasks, such as executing standard spot swaps (Halal) or joining the TradeRush waitlist (Halal), the core requirement to trade perpetuals cannot be bypassed. Furthermore, other optional tasks are also Haram, including trading synthetic indexes (which involves leverage and trading non-owned assets) and participating in the referral program (which generates income from impermissible margin trading fees).
Points of Caution
- !The core architecture of the N1 blockchain is explicitly designed to facilitate margin systems and perpetual futures, making the entire ecosystem heavily reliant on impermissible financial activities.
- !Participating in the referral program yields income derived directly from the trading fees of impermissible perpetual and margin trades, which is strictly prohibited.
- !Depositing capital into the platform puts funds at high risk due to the inherent nature of derivatives trading, and users must pay gas and trading fees to participate.
Purification Note
Not applicable. Because the core mandatory tasks to qualify for the airdrop involve impermissible activities like trading perpetual futures, and the underlying token is Haram to hold, Muslims must avoid this campaign entirely. There is no permissible baseline investment to purify, as the entire engagement is fundamentally non-compliant.
Bottom Line
The N1 points campaign is strictly impermissible for Muslim investors to participate in. The project is fundamentally built around prohibited derivatives trading, and qualifying for the airdrop mandates engaging in leveraged perpetual futures. Investors should avoid depositing funds or interacting with this campaign, as there is no Shariah-compliant path to earn the rewards. Please note that final religious authority rests with a qualified scholar.
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