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Current published record

WAX

WAXP · WAX · Token

Shariah standard

The only standard that has reviewed this coin so far.

Fasset Shariah Reports v2026.07-pack.1 · Eligible
Eligible

The retained Fasset asset profile records the explicit verdict Shariah Compliant. HilalMarkets identity and use-specific coverage are reviewed separately and no missing source fact was inferred.

Standard usedFasset Shariah Reports v2026.07-pack.1
Decision made2026-07-24 16:50:39 UTC
Published2026-07-24 16:50:39 UTC
Evidence last checked2026-07-24 15:24:11 UTC
Evidence expires2026-07-25 07:26:50 UTC
Next source check2026-08-04 17:15:42 UTC
Back to the list Open the full report
What this result is

A screening result for this coin, under the one standard named above, on the date named above. It is not a universal religious ruling, and it is not approval of every way the coin can be used.

Why this result

The short reasons a reviewer recorded. The criterion-by-criterion detail is under Evidence.

  • Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

What this covers

A result for the coin is not a result for everything you can do with it. Each use is decided on its own.

Asset-level Fasset reference Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Only the exact asset-level external reference.

Based on: Reviewer-approved use decision

Checked 2026-07-24 16:50:39 UTC

Spot ownership and market monitoring Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Spot monitoring only; no leverage or trade execution.

Based on: Reviewer-approved use decision

Checked 2026-07-24 16:50:39 UTC

Which coin exactly

Many coins share a ticker. A ticker on its own is never treated as proof of which coin was reviewed.

Official nameWAX
SymbolWAXP
NetworkWAX
TypeToken
Identity stateVerified
Identity checkedDate not kept

Where it trades

Whether an exchange lists a coin is separate from whether it passed the review.

Binance · WAXP/USDT · spot Trading now
Bybit · WAXP/USDT · spot Trading now

Evidence

What the reviewer decided on each rule, and the sources behind it. Reviewer decisions and AI-organised facts are kept apart.

Rule by rule

Canonical asset identity Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2aebceb3-f895-4034-afe0-ab9ed5c47276 · 1ce4622f-2371-4354-ad70-3f85f71daba8

Published Fasset reference Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2aebceb3-f895-4034-afe0-ab9ed5c47276 · 1ce4622f-2371-4354-ad70-3f85f71daba8

Evidence completeness and freshness Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2aebceb3-f895-4034-afe0-ab9ed5c47276 · 1ce4622f-2371-4354-ad70-3f85f71daba8

Source scope and exact asset match Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2aebceb3-f895-4034-afe0-ab9ed5c47276 · 1ce4622f-2371-4354-ad70-3f85f71daba8

HilalMarkets use-specific factual review Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2aebceb3-f895-4034-afe0-ab9ed5c47276 · 1ce4622f-2371-4354-ad70-3f85f71daba8

Sources

A live link can change. The saved copy and its fingerprint cannot.

WAX official documentation Available

Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning.

Official project source · taken 2026-07-24 15:23:36 UTC

Open the source

Technical details
Saved copy1ce4622f-2371-4354-ad70-3f85f71daba8
Fingerprint522b280e838a9d82ace8cdaf10c9b297b00506c0b2ea9a6491582b7e851fa90f
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
WAX official website Available

Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning.

Official project source · taken 2026-07-24 15:23:34 UTC

Open the source

Technical details
Saved copy2aebceb3-f895-4034-afe0-ab9ed5c47276
Fingerprint05f4bdec5e4084bfa56bee85cef3119373324344b4a523a0d1dea08caf558057
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Fasset Shariah Report: WAX Available

Explicit retained verdict: Shariah Compliant; source reference: profile:195.

Fasset · taken 2026-07-24 07:26:50 UTC

Open the source

Technical details
Saved copyf8cef110-0383-49c2-81df-761ce429a9e0
Fingerprint1ae694209e98aeb690e4b215a670d0c1993d975acf19a1dd83538a3ff7934028
Reader versionmethodology-import-pack:1.0.0
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Facts gathered about this coin Not a religious decision

These facts were organised by software from published sources. Software cannot approve, reject or set a Shariah status; only the reviewer above can.

Official websitehttps://wax.io/
Official documentationhttps://github.com/worldwide-asset-exchange/whitepaper
Primary activityBlockchain platform oriented to digital goods/NFTs and related marketplace/gaming functionality (e.g., WAX Explorer, WAX Marketplace, NFT creation, marketplace trading).
Token role and utilityWAXP is described as a staking token used to power network participation and voting for block producers (WAX Guilds) and to earn staking rewards; WAX staking is described as supporting delegated proof-of-stake governance and block production selection.
Asset typenative_coin
Governance modelGovernance is described via delegated proof of stake (DPoS) using WAX Guilds/block producers; token holders vote (including proxy and worker-proposal voting) and staking rewards are tied to voting and performance/penalties for underperformance.
TokenomicsThe WAX Protocol White Paper describes staking rewards issued directly from the WAX Blockchain, includes a Genesis Block Member (GBM) rewards program with a stated deflation potential (50% from the token swap mechanism described in the text), and outlines token holder incentives tied to staking, voting, and guild performance.
Staking and rewardsThe WAX website states users can stake WAXP to power the network and vote for block producers with an ~8% APY and mentions “Liquid Staking with WAXFusion.” The WAX Protocol White Paper describes WAX token holders staking WAX tokens to vote for WAX Guilds and earn WAX Staking Rewards, with vote strength decaying if not voted weekly, and rewards tied to guild performance.
Lending borrowingNo native lending or yield product for WAX is evidenced in the supplied official-source excerpts. The WAX website mentions liquidity pools and liquid staking, but no lending/borrow mechanics are explicitly provided in the supplied text.
Interest or yieldNo native lending or yield product for WAX is evidenced in the supplied official-source excerpts. The WAX website mentions liquidity pools and liquid staking, but no lending/borrow mechanics are explicitly provided in the supplied text.
Derivatives and prediction productsNo derivatives products (e.g., perps, options, futures) are evidenced in the supplied official-source excerpts.
Treasury and revenueGovernance is described via delegated proof of stake (DPoS) using WAX Guilds/block producers; token holders vote (including proxy and worker-proposal voting) and staking rewards are tied to voting and performance/penalties for underperformance.
Backing redemption or collateralThe WAX Protocol White Paper describes staking rewards issued directly from the WAX Blockchain, includes a Genesis Block Member (GBM) rewards program with a stated deflation potential (50% from the token swap mechanism described in the text), and outlines token holder incentives tied to staking, voting, and guild performance.
Plain language profileBlockchain platform oriented to digital goods/NFTs and related marketplace/gaming functionality (e.g., WAX Explorer, WAX Marketplace, NFT creation, marketplace trading). WAXP is described as a staking token used to power network participation and voting for block producers (WAX Guilds) and to earn staking rewards; WAX staking is described as supporting delegated proof-of-stake governance and block production selection.
ProvenanceHILALMARKETS_AI_ENRICHMENT_UNVERIFIED
Last evidence verification2026-07-24T15:24:11.548959+00:00
Evidence expires at2026-07-25T07:26:50.003280+00:00
Next governance review at2026-07-25T16:50:39.350934+00:00
NoticeHilalMarkets factual research is not Fasset's unpublished reasoning and is not an independent religious ruling.
Gaps in the evidence

Fasset Shariah Reports row/details specifically for WAX/WAXP (asset-level fields such as token utility/verdict protocol use/verdict on impermissibilities) are not present in the supplied evidence excerpt. · Within the supplied WAX website excerpts: concrete technical details of “WAXFusion” liquid staking (e.g., whether it uses third-party tokenization wrappers, rehypothecation, or how rewards are sourced) are not included. · Within the supplied WAX website excerpts: details about liquidity pools on Alcor and TacoSwap (whether they are third-party) and whether any lending/borrow features exist are not included. · No documentation excerpts are provided for WAXP derivatives usage (if any) in the supplied official-source evidence. · No excerpt is provided specifying WAXP smart contract address(es) or the exact on-chain staking mechanism interfaces.

History

Older events stay visible after newer versions replace them.

The human decision

DecisionApproved
Who decidedExternal reference automation
When2026-07-24 16:50:39 UTC
Published2026-07-24 16:50:39 UTC

Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

Everything that happened

  • Reviewer decision

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:39 UTC · Amr · start → approved
  • Status changed

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:39 UTC · External authority reference automation · start → eligible
  • Published

    The reviewed decision was published as an immutable Passport version.

    2026-07-24 16:50:39 UTC · Hilal Markets · start → published

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