gno.land
Gno.land is a permissible Layer 1 blockchain project with no exposure to haram industries. The presale is structured as a transparent uniform price auction with clear delivery terms, lacking any guaranteed returns or interest-based mechanics. Funds are directed toward core development with strong investor protections in place, rendering participation Halal.
Sale Structure
ICO / Public Token Sale via a Uniform Price Auction (English Auction) on the ECHO platform (Sonar compliance platform).
A claim/allocation for the live GNOT token at TGE.
Ecosystem development, core development, and validator treasury.
KYC/AML registration is required through Sonar. The project has undergone an Oak Security Audit. A soft cap of $2,500,000 is in place (if the soft cap is not met, the round does not proceed).
1-Year Lockup for US Investors Only. Non-US public sale buyers will have unlocked tokens at TGE (forming part of the ~14.8% initial circulating supply).
None known. The sale is a uniform price auction where all successful bidders pay the exact same clearing price. If a user bids higher than the clearing price, their committed funds simply buy more tokens at the lower clearing price.
Mechanisms, Ruled Individually
Proof of Contribution Yield
OptionalNetwork fees are distributed via a 'Proof of Contribution' model based on reputation and ecosystem contributions rather than traditional financial staking, aligning with permissible compensation for effort.
US Investor Lockup
RequiredA 1-year lockup applies to US investors for regulatory compliance, which is a standard and permissible contractual condition.
Why This Verdict
Purchasing and holding the GNOT token allocation through this presale is Halal. The underlying business is a general-purpose Layer 1 blockchain network with a confirmed absence of exposure to prohibited industries such as gambling or interest-based lending. The presale is structured as a transparent uniform price auction on the ECHO compliance platform, providing clear delivery terms for the live token at the Token Generation Event (TGE) without any guaranteed returns, buybacks, or interest-bearing loan structures. Regarding specific mechanisms, the planned Proof of Contribution yield system is Halal; it distributes network transaction fees based on a user's reputation and active ecosystem contributions rather than traditional passive financial staking, which aligns with permissible compensation for actual effort. Finally, the mandatory 1-year vesting lockup applied exclusively to US investors is a standard, permissible contractual condition designed for regulatory compliance.
Points of Caution
- !US-based investors are subject to a mandatory 1-year lockup period for regulatory compliance, meaning their tokens will not be liquid immediately at TGE unlike non-US participants.
- !Because this is a presale for an upcoming network, buyers are purchasing a future claim to the GNOT token, which carries standard execution and delivery risks associated with early-stage development.
Purification Note
Not applicable. The project does not generate revenue from prohibited sources, and the presale does not involve interest-bearing mechanics or guaranteed returns. Simply purchasing and holding the token allocation requires no purification.
Bottom Line
The Gno.land presale presents a Shariah-compliant opportunity to back a new Layer 1 blockchain project spearheaded by a reputable industry founder. The raise is structured as a transparent auction without interest or guaranteed returns, and its network uniquely rewards active contribution over passive financial staking. While the structure is permissible, investors must still weigh the inherent execution risks of early-stage presales, and final religious authority rests with a qualified scholar.