If one society has 2 crypto projects on its ecosystem with 2 distinct tokens for each projects, the first crypto project is halal but the 2nd crypto project is not, the first crypto project becomes haram too in this condition?
Question submitted by user.
Coins are assessed for Shariah compliance on their own merit. They can sit within an ecosystem of haram activities but as long as those haram activities do not have a fundamental impact on the coin itself there should be no concern. It’s a bit like going to a supermarket that sells halal meat and alcohol, the halal meat does not become haram because it is sold in a shop with alcohol. Even if the alcohol is on the next shelf, there is nothing to say the halal meat becomes haram in the presence of alcohol (so long as it hasn’t been contaminated by a leaking bottle of alcohol for example).
You should judge the coin by everything to do with the coin itself, including its legitimacy, token compliance and staking mechanism. There is some detail available at the bottom of our halal crypto list you may find useful.