All tracks
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.
1
Utility tokens, and why the label proves nothing
DependsEvery project calls its token a utility token. Aave has genuine working utility and still fails our screen.
2 min
2
Meme coins
DependsThe 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
DependsMuslims 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
DependsDeFi 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
DependsAn NFT is a pointer, not a picture. What it points at, and whether that pointer can break, is what decides it.
2 min

