SuperVerse
SUPER#165SUPER is the token of SuperVerse (formerly SuperFarm), a web3 gaming and DeFi ecosystem; holders stake it for a share of DAO revenue.
- Market cap
- $154.26M
- Volume 24h
- $37.26M
- All-time high
- —
- Circulating supply
- 650.16M of 1B
Passes all 8 Shariah criteria.
- 8 pass
- 0 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold SuperVerse?8 Shariah criteria
8 pass · 0 caution · 0 failHolding SUPER pays nothing; DAO staking pays a variable share of treasury revenue in ETH, not interest.
Riba is interest or any guaranteed increase on a loan. SUPER staking rewards are ETH taken from the DAO treasury: under SVIP-3, 80% of treasury funds go to stakers and 20% to the developer. The reward depends on what the treasury holds and how many tokens are staked, and staked SUPER is not lent to anyone. CryptoUmmah finds no interest-based mechanism and no native lending. Sharlife, the first authoritative source that rates SuperVerse, lists it as permissible, so the criterion is at the maximum.
SUPER carries governance rights and a claim on DAO staking rewards in a working ecosystem.
This criterion asks whether the asset has real value as property (mal). SUPER is used in SuperVerse games and apps, gives votes in the DAO and can be staked for a share of treasury revenue. Sharlife lists it as permissible. The general scholarly dispute about crypto is reflected in confidence, not here, so the criterion is at the maximum.
SUPER is not a game of chance, but the NFT and play-to-earn activity around it is largely speculative.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. SUPER itself has no lottery or betting feature. CryptoUmmah rates maysir as moderate (65/100) because of the speculative character of NFT and gaming tokens, and the Blackhole exchange uses incentive voting and bribes to direct emissions. These sit around SUPER rather than in it, so the criterion stays at pass, below the maximum.
The ecosystem earns from games, NFT activity and exchange fees.
This criterion asks how the ecosystem earns. Income comes from games, NFT activity and trading fees on the Blackhole exchange, 10% of which is used to repurchase SUPER. These are fees for services. No interest income is documented, so the criterion is at the maximum. The exact sources of the DAO treasury are listed under data gaps.
Vault addresses and allocations are published, but the timing of staking rewards and the use of large project vaults are not fully disclosed.
Gharar is excessive uncertainty or hidden information. SuperVerse publishes a transparency report with vault addresses and allocations. Two concrete points keep the score below the maximum. The docs say the remaining ETH is added to the staking contract after an undisclosed period. And although all tokens are unlocked, about 35% of supply still sits in project vaults (team, ecosystem, staking) whose future release is not scheduled. CryptoUmmah rates gharar as moderate (62.3/100). Sharlife lists SUPER as permissible, so the status stays pass.
SUPER is used for governance, staking and transactions in games and apps.
This criterion looks at what the asset is actually used for. SUPER is used to vote, to stake and to transact in SuperVerse games and apps. These uses are permissible, and no prohibited use specific to the token is documented, so the criterion is at the maximum.
Fully paid spot SUPER is available on major exchanges and can be self-custodied.
This criterion asks whether the asset can be owned in a permissible way. SUPER trades spot on Binance and Coinbase and is an ERC-20 token that can be held in a self-custody wallet. The criterion is at the maximum.
SuperVerse funds games and shares revenue with stakers; no harm specific to SUPER was found.
Maslahah weighs benefit against harm. SuperVerse builds games and tools and shares treasury revenue with token holders who stake. No source collected documents fraud or a hack involving SUPER, so the criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying SUPER with full payment and immediate delivery is available on exchanges, and the tokens can be held in self-custody.
No exchange-traded fund or product holding SUPER was found in the sources collected. A product that held SUPER would be judged like spot; its structure would need checking.
SUPER is used for transactions inside SuperVerse games and apps. Using it for permissible purchases there is acceptable; tier-1 bodies such as Indonesia's MUI reject crypto as general currency.
DAO staking pays a variable share of treasury revenue in ETH and staked SUPER is not lent out. It is closer to profit sharing than to a loan. The source of treasury revenue should be watched.
Margin trading is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
Futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending SUPER through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
DAO staking is acceptable, but liquidity and vote-incentive products on exchanges such as Blackhole and third-party SUPER yield products need checking: returns from lending fail.
Scholars quotes
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.As 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.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.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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