Altered State Token
Crypto Overview
Purpose and Utility
Altered State Token (ASTO) appears to be an ERC-20 token on the Ethereum blockchain that serves as the governance and utility token for Altered State Machine (ASM), a protocol focused on AI applications in gaming, sports, and digital entertainment. The token is designed to enable participation in the ASM ecosystem, including AI agent creation, training, and trading.
Business Model Analysis
The project's business model revolves around creating and monetizing AI-powered digital assets, particularly in gaming and entertainment contexts. Users can create, train, and trade AI agents using ASTO tokens. This core functionality appears to align with halal principles as it involves the exchange of digital assets with real utility.
Real-World Adoption
The project has partnerships with sports and gaming entities, though current adoption metrics for its intended use cases are limited. The token is primarily traded on centralized and decentralized exchanges.
Platform Development
Development activity appears to be ongoing, with regular updates to the platform's infrastructure and AI capabilities. The team maintains an active GitHub repository and regularly communicates development progress through official channels.
Token Distribution and Governance
ASTO tokens were distributed through various channels including public sale, team allocation, and ecosystem development. The team's tokens are subject to vesting schedules, which provides some protection against sudden selling pressure.
Revenue Model Assessment
The primary revenue streams come from: 1) AI agent creation and training fees 2) Marketplace transactions 3) Partnership integrations. These revenue sources appear to be halal as they involve the exchange of actual digital assets and services.
Crypto Impact
To assign a comfort level investing in Altered State Token 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 Altered State Token.
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