@JackDon19088206 No, LUNC staking is native onchain work that reward from it come from your coins working for the blockchain like $ETH & $SOL....LUNC staking is permissible....
In many ways RIBA (Interest) is Haraam because it cause harm for people, system & mechanism like MM & Anchor Protocol that gives 20% interest $USTC was a pure failure, in Saudia Arabia they use system without Riba (Interest) & it's completely sucessfull without interest.
$LUNC
Brother's & Sister's from Muslim #LUNCcommunity
- $USTC native onchain Staking is HARAM direct Riba (Interest) on the Network.Abstain it.
Be carefull.
$LUNC $USTC
@Greenpeace06_09 They know that $USTC cannot be on native on chain staking because CommunityPool wallet doesn't hold that much, and there is no onchain activity that bring more for rewards, is always for every chain a GO for L2 take e.g. as $EHT & $SOL.....
Onchain $USTC native staking will be a complete failure also because even if it's Haraam & can cause harm to people, other than that there is no mechanism that will gain $USTC onchain, $Sol $Eth is best proven Solution that a blockchain must abstain from L1 production.L2 is a go.
Brother's & Sister's from Muslim #LUNCcommunity
- $USTC native onchain Staking is HARAM direct Riba (Interest) on the Network.Abstain it.
Be carefull.
$LUNC $USTC
@Greenpeace06_09 Exactly, they will advance with native Staking of $USTC most of Muslims that are on right path they will leave TerraClassic $LUNC as a investment even if we loose 10000x this will be Haraam for Us and we can tolerate that,
Brother's & Sister's from Muslim #LUNCcommunity
- $USTC native onchain Staking is HARAM direct Riba (Interest) on the Network.Abstain it.
Be carefull.
$LUNC $USTC
I know that #LUNCcommunity doesn't care about religion but if they want all kind of people or religion to invest in #LUNC Terra Classic like a decentralized BITCOIN $BTC L1 must abstain all kind of RIBA (INTEREST) like $USTC onchain staking, that can be pass to L2.
A respected Islamic fintech founder challenged CoinStudy's Terra Classic classification with thorough scholarly arguments.
We committed to a fresh review.
This blog publishes our findings honestly including where we agree with challengers and why our conclusion remains unchanged.
https://t.co/5OMzwKGksr
@Greenpeace06_09 is there anything you can do for the muslim investor around the world?ππΌ
Read the blog carefully
2things to change:
- $ustc native onchain staking to L2
-MM repeg mechanism to another Halal form.
This is for Muslim investor around the world asking.
A respected Islamic fintech founder challenged CoinStudy's Terra Classic classification with thorough scholarly arguments.
We committed to a fresh review.
This blog publishes our findings honestly including where we agree with challengers and why our conclusion remains unchanged.
https://t.co/5OMzwKGksr
@Amm198231@Greenpeace06_09 That would be not so easy, at least they don't touch L1 with interest (riba) and little bit of change on MM on a permissible path that would be great, but who ever would recover TERRA we will see what change they will bring, for now the community doesn't have a chance.
@Amm198231@Greenpeace06_09 On this i totally agreed with you, there is nothing yet approved or working on Terra Classic right now, but if i'm Muslim or other Muslims concerns around the world it should be discussed with community that we will walk together on this LONG TERM.
@Amm198231@Greenpeace06_09 The swap that MM2.0 will create for the ecosystem that is interest classified as a Riba in Islam that's why Muslim Investor will avoid to invest in Terra Classic.....
@Amm198231@Greenpeace06_09 Yeah i know that, signal proposal for USTC native onchain staking has passed and MM2.0 maybe is coming but the problem is how the MM will work if passed the proposal so after that they will rework to see if it create interest from it or not.
@Amm198231@Greenpeace06_09 That is only my concern for the muslim investor for now because there is people trying it with all technical fails, and i believe it will not this community who will Recover the chain, that's why i'm asking for not to do it.
@Amm198231@Greenpeace06_09 Yeah i understand that, but if $LUNC is a open source blockchain like a $BTC with community they should known that if there any solution, because money will come from all the way, didn't they forget that Arab countries/Middle east is on Stand by.
@Amm198231@Greenpeace06_09 the mechanism itself as stated on the blog i posted is classified as Haraam because from there is creating interest (riba) that's why is my big concern for the muslims, so the entire ecosystem will be classified as haraam if we want to invest only on $LUNC
@Amm198231@Greenpeace06_09 Yeap i understand that, as we speak all mechanism even interest staking of $USTC is OFF, but there is member from the community that want to turn it ON that will create a problem for Muslim to invest.