Choise.ai
Crypto Overview
Purpose and Utility
Choise.ai (formerly Charism.ai) is a DeFi and CeFi aggregator platform that aims to simplify access to crypto financial services. The CHO token serves as the platform's native utility token, used for governance, staking, and accessing premium features.
Business Model Analysis
The platform combines DeFi and CeFi services, including trading, staking, and yield generation. While some of these features involve interest-bearing mechanisms that would be considered riba, the token itself primarily functions as a utility and governance token for the platform.
Real-World Adoption
The platform reports over 1.5 million users. The CHO token has genuine utility within the ecosystem for governance voting and accessing premium features. However, a significant portion of the token's activity appears to be trading-focused rather than utility-focused.
Development Activity
The project maintains active development, with regular updates to their platform and features. The team has demonstrated consistent progress in implementing their roadmap.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors, with vesting periods in place. While the exact percentages are not publicly detailed, the presence of vesting schedules indicates some protection against immediate selling pressure.
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.