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.
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.
Meme coins
DependsThe expected answer is that they are obviously haram. The actual answer is more interesting, and it is not about the joke.
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.
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.
NFTs
DependsAn NFT is a pointer, not a picture. What it points at, and whether that pointer can break, is what decides it.

