Bunnies AI
Crypto Overview
Overview
Bunnies AI (BAI) is a cryptocurrency token launched on the BASE blockchain that serves as the utility token for an AI-powered NFT generation platform. The project aims to allow users to create and trade AI-generated NFT artworks using text prompts.
Purpose and Utility
The stated purpose of BAI is to provide utility within the Bunnies AI ecosystem, including: purchasing AI-generated NFTs, accessing NFT creation tools, and governance rights for protocol decisions.
Business Model Analysis
The business model appears straightforward and permissible from an Islamic perspective as it facilitates genuine exchange of digital assets (NFTs) and provides actual utility through AI art generation services. There is no evidence of impermissible activities like gambling or interest-based lending in the core protocol.
Development and Adoption
The project is in its early stages with limited but growing adoption. The development team appears to be actively working on the platform's AI capabilities and NFT marketplace features. While trading activity currently dominates token usage, this is common for early-stage projects and does not impact halal status.
Token Distribution
Token distribution information is limited, but available data suggests tokens were distributed through fair launch mechanisms. No concerning signs of excessive founder allocations or lock-up arrangements that would indicate a scheme to enrich founders have been identified.
Crypto Impact
To assign a comfort level investing in Bunnies 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 Bunnies 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.