Artificial Intelligence
Crypto Overview
Project Overview
Artificial Intelligence (AI) is a cryptocurrency token launched in 2023 that aims to integrate AI technology with blockchain. The project presents itself as a platform that leverages artificial intelligence to enhance decentralized applications and blockchain functionality.
Purpose Analysis
The stated purpose of the AI token is to serve as a governance and utility token within its ecosystem, enabling holders to participate in decision-making and access AI-powered features. However, current usage appears to be primarily focused on trading activity rather than the stated technological implementations.
Business Model Evaluation
The project's whitepaper outlines plans for AI integration in blockchain applications, but concrete implementation details are limited. The business model does not directly involve any haram activities such as interest-based lending or gambling.
Real-World Adoption
Current adoption is primarily centered around trading on various cryptocurrency exchanges. While the technological implementation is still in early stages, this does not affect its halal status.
Development Activity
The project maintains a public GitHub repository with some development activity, though updates are infrequent. The team communicates regularly through social media about planned features and updates.
Token Distribution
The token distribution shows a relatively concentrated holding pattern, with significant portions held by the development team and early investors. While this concentration exists, it does not affect the halal status of the token itself.
Crypto Impact
To assign a comfort level investing in Artificial Intelligence 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 Artificial Intelligence.
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.