DeepBrain Chain

Halal Rating :
Comfortable
Last Price $0.0023 Last updated:
Rank 1126
1D Change -4.43 %
Market Cap $12.6m
Circulating supply 5,428,952,299
Maximum supply 10,000,000,000

Crypto Overview

Categories
  • Platform
  • AI & Big Data
  • Distributed Computing
  • Substrate
  • Metaverse
  • DePIN

Project Overview

DeepBrain Chain (DBC) is a blockchain-based artificial intelligence computing platform that aims to provide distributed computing power for AI tasks. The project intends to create a marketplace where users can buy and sell computing resources for AI and machine learning applications.

Intended Purpose

The primary utility of DBC tokens is to serve as the medium of exchange within the DeepBrain Chain ecosystem. Users spend DBC tokens to purchase computing power, while providers earn tokens by contributing their computational resources to the network.

Current Status and Development

The project has shown limited recent development activity. While the original whitepaper outlined ambitious goals for AI computing infrastructure, current usage appears to be minimal. The project's social media channels and GitHub repository show sporadic updates.

Business Model Analysis

The core business model involves facilitating the exchange of computing resources, which is inherently halal as it represents a legitimate exchange of value. The platform does not engage in interest-based lending or gambling activities.

Token Distribution and Governance

The token distribution information is somewhat dated, but initial allocations included portions for the team, early investors, and the public. There are no apparent signs of the project being designed primarily to enrich founders.

Crypto Impact

To assign a comfort level investing in DeepBrain Chain 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 DeepBrain Chain.

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.

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