AI PIN
Crypto Overview
Project Overview
AI Pin is a governance and utility token for AiPIN GmbH, launched recently and trading on multiple decentralized exchanges. The token aims to power a decentralized marketplace for AI-related services and products.
Purpose and Utility
The stated purpose is to serve as a governance token for the AiPIN ecosystem and facilitate transactions within their planned AI marketplace. However, at present, the token appears to be primarily used for trading on decentralized exchanges with limited actual utility implementation.
Business Model Analysis
The project claims to be developing an AI-focused marketplace and ecosystem. The business model itself does not appear to involve any inherently haram activities like interest-based lending or gambling. The planned use cases center around legitimate technology services and marketplace transactions.
Development Activity and Adoption
The project is in very early stages with limited verifiable development activity. While the whitepaper outlines ambitious plans, current implementation and adoption appear minimal. The token is primarily being traded speculatively at this time.
Token Distribution
Information about token distribution and vesting schedules is limited. While this raises some concerns about transparency, it does not automatically make the project haram as long as the underlying business model and intended utility are permissible.
Crypto Impact
To assign a comfort level investing in AI PIN 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 PIN.
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.