AI
Crypto Overview
Overview
AI Protocol (AI) is a cryptocurrency project launched in 2023 that aims to integrate blockchain technology with artificial intelligence. The protocol intends to create a decentralized infrastructure for AI development and deployment.
Purpose and Utility
The stated purpose of AI Protocol is to provide a platform for decentralized AI applications and facilitate the integration of AI capabilities into blockchain systems. The token serves as both a governance token and a utility token within the ecosystem.
Business Model
The project's business model appears to focus on creating an ecosystem where AI developers can build and deploy applications. The token is used for governance voting, accessing platform services, and rewarding contributors. No inherently haram activities like interest-bearing lending or gambling have been identified in the core protocol.
Platform Development and Adoption
The project is in its early stages of development. While there is some developer activity, the current usage primarily revolves around trading on various cryptocurrency exchanges rather than the intended AI-related utility. This limited adoption does not impact its halal status.
Token Distribution
The token distribution includes allocations for development, marketing, and community initiatives. While detailed vesting schedules are not publicly available, this aspect alone does not raise significant sharia compliance concerns.
Crypto Impact
To assign a comfort level investing in AI from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to AI.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.