Choise.ai
Crypto Overview
Project Overview
Choise.ai (formerly Charism.ai) is a CeDeFi (Centralized/Decentralized Finance) ecosystem that aims to bridge traditional finance with crypto markets. The platform offers various financial services including crypto trading, yield generation, and a meta staking protocol.
Intended Utility
The CHO token serves as the native utility token of the Choise.ai ecosystem, used for governance, staking rewards, and fee reductions within the platform. The token also provides access to higher tiers of services and exclusive features.
Actual Utility Assessment
The platform demonstrates actual utility through its operational services, including: Meta staking protocols that aggregate yields across different platforms, Crypto-fiat operations, Trading services, and Governance mechanisms. The project shows consistent development activity and regular updates to its ecosystem.
Token Distribution and Governance
The token distribution shows significant concentration among development team and early investors, with vesting periods in place. Total supply is capped at 10 billion CHO tokens. The project maintains transparency through regular updates and public development activities.
Business Model Evaluation
The primary revenue streams come from trading fees, yield generation fees, and platform service charges. While the basic model appears legitimate, some of the yield generation mechanisms involve interest-based lending and borrowing, which raises Shariah compliance concerns.
Crypto Impact
To assign a comfort level investing in Choise.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 Choise.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.