Babble AI
Crypto Overview
Overview
Babble AI (BBL) is a cryptocurrency token launched in 2023 that aims to serve as the utility token for an artificial intelligence chat ecosystem. The project claims to combine blockchain technology with AI capabilities.
Purpose and Utility
The stated purpose of BBL is to facilitate transactions within their AI chat platform and reward content creators. However, as of early 2024, there is very limited information available about the actual implementation and usage of this platform.
Business Model Evaluation
The project's business model appears to focus on creating an AI-powered chat system, which in principle does not conflict with Islamic principles. The token is meant to serve as a medium of exchange within this ecosystem.
Real-World Adoption
Current adoption appears to be primarily focused on trading activity rather than utility usage. There is limited evidence of substantial development progress or active usage of the promised AI features.
Platform Development
The development activity appears minimal based on publicly available information. The project's documentation and technical specifications are sparse.
Token Distribution
Information about token distribution and vesting schedules is not readily available, making it difficult to assess the concentration of ownership.
Crypto Impact
To assign a comfort level investing in Babble 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 Babble 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.