Akedo

Holding AKE pays nothing and planned staking shares fee revenue rather than interest, but node yields and a reported node buyback with a fixed 20% bonus are unclear.

Riba means interest or any guaranteed increase on a loan. Simply holding AKE earns nothing. The whitepaper plans staking in which a third of protocol fees goes to stakers: a variable share of real service revenue, not a lending return, which is closer to profit-sharing than to interest. Two points keep this from 'pass'. First, 'Adodo' nodes are sold to users and earn points redeemable for AKE, described as yields, while their prices and terms are not published.

AKE is a service token for an AI game platform, but its real use is not measured, and official bodies disagree on whether cryptocurrency is property (mal).

Mal is property that Islamic law recognises as having value and that can be owned and traded. AKE has a stated use: it pays for AI prompts ($0.1) and publishing games ($10), buys promotion and is the pairing asset for creator tokens. No figures for games created, active players or fee revenue were found, and the roadmap has no dated milestones after 2025, so the utility cannot be shown to be substantial. Malaysia's Securities Commission Shariah Advisory Council (2020), for assets under its supervision, treats digital currency as goods that may be traded on registered exchanges.

AKE has a real function, but it is surrounded by speculative mechanics: battle staking, bonding-curve creator tokens, an ~840x rally and futures-dominated trading.

Maysir is gambling: winning or losing by chance or wagering rather than through productive exchange. Ordinary volatility is not maysir, but several features here go further. The whitepaper says players 'may stake $AKE to participate' in multiplayer battles, which, depending on how stakes are paid out, can be a wager between players. Creators issue game tokens on bonding curves paired with AKE, and the project partnered with four.meme, a meme-token launchpad. The price rose from $0.00017 (10 July 2026) to $0.147 (20 September 2026) and then fell about 78%.

Core revenue is fees for AI creation, publishing and advertising, but a token launchpad and battle staking are part of the model and the revenue mix is not disclosed.

This criterion asks how the issuer or protocol earns and whether any of that income is impermissible. The stated sources are permissible in principle: fees for AI prompts and game publishing, paid promotion and a share of in-game advertising. Of protocol fees, a third is kept as platform revenue, a third goes to stakers and a third is burned. Other parts of the model are disputed: fees from launching bonding-curve creator tokens, which sit close to meme-token speculation, and multiplayer battles where players may stake AKE to participate.

The supply is fixed and the contract cannot mint, but the team is anonymous, no audit was found, most supply is still unlocking and holdings are concentrated in unlabelled wallets.

Gharar is excessive uncertainty or hidden information in a deal. Some things are clear: the supply is fixed at 100 billion AKE, and the verified contract source mints the whole supply once, is not upgradeable and has no mint, pause, blacklist or tax function; transfers are permanently in normal mode and can no longer be frozen. Ownership has not been renounced: the owner is a 4-of-6 Safe multisig whose unnamed signers keep only a power that no longer affects transfers. Much else is opaque. The team is described only as ex-Tencent studio developers, with no names.

The intended use, paying for AI game creation, is permissible, but actual use is unmeasured and a notable part of the design is battle staking and token launches.

This criterion looks at what the asset is actually used for. The intended main use, paying for AI prompts, publishing and promotion of games, is a permissible service. The project has integrated the x402 payment protocol for AI agents and runs creator contests. Part of the designed use is disputed: staking AKE to enter competitive battles, pairing AKE with bonding-curve creator tokens, and node schemes that pay points and yields.

AI game creation offers a real if modest benefit, but the extreme boom-and-bust and heavy concentration expose ordinary buyers to serious loss.

Maslahah weighs public benefit against harm. The benefit is making game creation accessible through AI, with paid work for creators through advertising shares and rewards. The harm is significant: the token rose about 840 times in ten weeks and then lost about 78% within a week, most trading is leveraged futures, large unlocks continue monthly, and a few unlabelled wallets hold much of the supply, a setup in which late retail buyers often bear the losses. No fraud or sanctions case specific to AKEDO was found.