AGIX
Crypto Overview
Purpose and Utility
SingularityNET (AGIX) is a decentralized marketplace for AI services. The platform enables the creation, sharing, and monetization of AI services, where AGIX tokens are used to pay for AI services, participate in platform governance, and stake for operation of AI services.
Business Model Analysis
The platform facilitates direct exchange of value between AI service providers and consumers. The business model appears transparent and focuses on legitimate technology development and service provision. No evidence of prohibited activities like gambling or interest-based lending was found in the core protocol.
Real-World Adoption
SingularityNET has established partnerships with companies like Cardano and has multiple AI services running on its platform. The project demonstrates active development with regular github commits and ecosystem growth.
Token Distribution and Governance
The token distribution includes allocations for development, ecosystem growth, and community initiatives. While early investors and team members received token allocations, there are vesting schedules in place to prevent immediate selling pressure.
Technology and Revenue Model
The primary revenue model involves payment for AI services using AGIX tokens. The platform does not rely on interest-bearing mechanisms or prohibited activities for its core functionality.
Crypto Impact
To assign a comfort level investing in AGIX 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 AGIX.
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.