My question is does Hiveblog paid their users interest rate on their HIVEPOWer and my second question is that, is HIVeBlog is haram or halal platform. Pls I need Islamic scholar that have full knowledge base on Islamic finance.
Last one what are the shariah view about staking?
i have no clue what was your first and second questions were, but i can definitely answer the staking one.
staking is just about locking your money to get a NOT fixed return; AKA profit sharing, (not interest)
you basically hold the token (lets say for example ethereum), lock it lets say for 30 days (as collateral to show that you are genuinely interested) and then the broker computers, (lets say you used bybit as your broker) uses its powers to “validate”, AKA secure transactions of the blockchain. and those “transactions” obviously the broker will charge them with fees, which will be SHARED part of it as a reward.
so BOTH parties are benefited here, no external reward is being involved here
