Category Archives: Crypto
NFTs: Non-Fungible Tokens – A Very Simple Explanation
Non-Fungible Tokens. NFTs give you something that can’t be copied. Not a picture itself (anyone can take a screenshot). Here we’re going to use art as an example, because its most common nowadays, but NFTs can be used for real estate, contracts, and a number of other things. Let’s break it down: Non-Fungible = this […]
When is staking your crypto allowed?
There are three situations in the market currently where they use the word “staking” but mean something different each time. You need to learn what’s being *done* instead of just relying on the words used. Situation #1: They take your crypto and pay you an interest rate, just like a cash on cash loan. This is […]
What makes a crypto coin Shariah Compliant?
For those of you concerned with the Shariah compliance of the coins you are buying, Asking yourself these 5 questions will help guide your coin selection: #1 – It is a store of value. #2 – It is a medium of exchange. #3 – Transparency about recourse. #4 – Tokenomics are not ponzi-esque. #5 – It has an established or […]