Pons
PONS#116PONS is the token of Pons, a launchpad on Robinhood Chain where anyone can create and trade new tokens on a bonding curve.
Does not clear all 8 Shariah criteria. Needs caution: nature of the asset, gambling (maysir), business model, excessive uncertainty (gharar), and usage.
- 3 pass
- 5 caution
- 0 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Pons?8 Shariah criteria
3 pass · 5 caution · 0 failNo interest, staking or lending function for PONS is documented.
Riba is interest or any guaranteed increase on a loan. No source describes any staking, lending or interest function for PONS; the only reported mechanism is that part of the launchpad's fees is used to repurchase and burn tokens, which pays holders nothing directly. With no interest mechanism found, the criterion is at the maximum; the lack of official documentation is recorded as a data gap.
PONS is tied to a working launchpad, but its only reported function is a fee-funded repurchase and burn, and no official description exists.
This criterion asks whether the asset has real value as property (mal). The Pons launchpad is a working set of contracts on Robinhood Chain. PONS itself, however, has no documented use in the platform: launch and trade fees are paid in the quote asset (such as ETH), and the only reported role of PONS is that part of the fees repurchases and burns it, a claim found only in secondary sources. A token whose only function is to absorb buybacks from platform fees is a coin-specific weakness, so the criterion is at caution.
Pons is a launchpad for new speculative tokens, with a 'meme hook' contract, and PONS's value is tied to fees from that trading.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. Pons lets anyone launch a token that trades on a bonding curve, and its launch contracts include one named PonsV2MemeHook, which points to meme-token launches as the core activity. Through the reported buyback, PONS is a bet on the volume of that speculative trading, and its own price rose more than 250-fold in seven weeks. Because these facts come only from secondary sources, the criterion is at the bottom of caution rather than fail.
The platform's income is fees on launching and trading new tokens, much of which is speculative meme trading.
This criterion asks how the business earns and whether any of that income is impermissible. Pons charges a 1% fee on curve trades and a launch fee, and after graduation collects pool fees through its hook. If, as its contract naming and design suggest, most launches are meme tokens, this income comes largely from speculative trading that resembles gambling. Launches can also be quoted in tokenised stocks and ETFs, which adds activity whose permissibility depends on the underlying. Without primary data on what share of activity is meme trading, the criterion is at caution rather than fail.
The project's website did not open, no team, whitepaper or audit was found, and supply figures differ between sources.
Gharar is excessive uncertainty or hidden information. On 1 October 2026 the website listed by CoinMarketCap did not resolve, and no whitepaper, team page or audit could be found. Secondary sources describe a 1 billion maximum supply while CoinMarketCap shows 681.84 million, and the fee split and burn rules are not published by the project. Buyers therefore cannot verify who controls the token or how its supply changes. This is a concrete transparency gap, so the criterion is at caution, at the low end.
PONS has no documented use beyond holding and trading; the platform it is tied to is used mainly for speculative token launches.
This criterion looks at what the asset is actually used for. No source shows PONS being used to pay fees, stake or govern; it is held and traded, including on Binance Alpha. The launchpad around it is used mainly to launch and trade new tokens. With speculation as the main observed use, the criterion is at caution.
PONS can be bought spot with full payment and held in a self-custody wallet on Robinhood Chain.
This criterion asks whether the asset can be owned in a permissible way. PONS trades spot on decentralised exchanges on Robinhood Chain and is tagged as available on Binance Alpha, and it is an ordinary token that can be held in a self-custody wallet. Nothing about ownership itself is interest-based, so the criterion is at the maximum.
No concrete harm such as fraud or a hack is documented for Pons; the speculative character is counted under gambling.
Maslahah weighs benefit against harm. The launchpad makes it cheap to create tokens and locks their liquidity permanently, which removes one common way of pulling liquidity from buyers. No source collected documents fraud, a hack or regulatory action involving Pons. The speculative nature of its activity is counted under maysir and business model, not again here, so the criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying PONS with full payment and immediate delivery is possible on Robinhood Chain exchanges and Binance Alpha, and the tokens can be held in a self-custody wallet. Spot is acceptable for a DOUBTFUL asset for those who follow the permissive view, but the speculative launchpad business keeps it at caution.
Not available: no fund holding PONS exists. A fund that holds PONS itself would be judged like spot.
PONS is not used as a means of payment. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
No staking function for PONS is documented, and it has no network to validate. Any 'staking' product must be checked for where its return comes from.
Margin trading in PONS is offered by some exchanges but is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
Derivatives on PONS, where offered, always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending PONS through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
PONS pays holders nothing itself. Yield products on PONS would get their return from lending or similar sources and fail.
Scholars quotes
Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAs I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
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