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Beginner · 5 lessons · 10 min

Token Types and Their Rulings

Utility tokens, meme coins, stablecoins, DeFi tokens and NFTs. What each one actually is, and what decides whether it passes.

Your progress0 / 5 lessons
1

Utility tokens, and why the label proves nothing

Depends

Every project calls its token a utility token. Aave has genuine working utility and still fails our screen.

2 min
2

Meme coins

Depends

The expected answer is that they are obviously haram. The actual answer is more interesting, and it is not about the joke.

2 min
3

Stablecoins and the freeze nobody mentions

Depends

Muslims assume stablecoins are the safe corner of crypto because they pay nothing. The real problem is somewhere else entirely.

2 min
4

DeFi and governance tokens

Depends

DeFi is four different businesses wearing one name. Treating it as a single verdict is how people end up holding something they would have rejected.

2 min
5

NFTs

Depends

An NFT is a pointer, not a picture. What it points at, and whether that pointer can break, is what decides it.

2 min
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