Is ocean halal, They have a platform where people can submit their crypto price predictions in a time frame and if the prediction is right you get rewarded, if not you will get slashed, which is a form of gambling.
Ocean users can stake OCEAN on datasets by depositing it into liquidity pools with datatokens. This acts as a method of curation as the best datasets get allocated the largest amount of OCEAN. Those who participate can earn transaction fees which are a percentage of sales volume set by the liquidity pool creator.
Staking also carries risks. The ratio between OCEAN and datatokens can change, resulting in impermanent loss. Also, rug pulls can occur when the datatoken publisher pulls out their stake in OCEAN.
Does this mean that the project’s main utility is submitting price predictions and either getting rewarded in the ocean token if it is right or get slashed if it is wrong, Allah knows best.