DeepBrain Chain

Halal Rating :
Comfortable
Last Price $0.00 Last updated:
Rank 1047
1D Change 11.22 %
Market Cap $12.59m
Circulating supply 5,428,952,299
Maximum supply 10,000,000,000

Crypto Overview

Categories
  • Platform
  • AI & Big Data
  • Distributed Computing
  • Substrate
  • Polkadot
  • Polkadot Ecosystem
  • Metaverse

Project Overview

DeepBrain Chain (DBC) presents itself as a decentralized AI computing platform that aims to provide computational resources for artificial intelligence and machine learning tasks. The project was launched in 2017 with the goal of reducing the costs of AI computation by leveraging idle computing power across a distributed network.

Intended Utility

The token is designed to serve as a medium of exchange within the DeepBrain Chain ecosystem, specifically for purchasing and selling computational resources. Users who need AI computing power can pay with DBC tokens, while those providing computational resources earn DBC as compensation.

Actual Utility Assessment

Current analysis reveals minimal real-world adoption and usage of the platform for its intended purpose. The project has shown limited development activity in recent years, with sparse updates to its GitHub repository and minimal communication about technological progress. While the white paper outlined ambitious goals, there is little evidence of substantial AI computing transactions occurring on the network.

Token Distribution and Governance

Information about current token distribution is limited and not readily available from official sources. The project's initial distribution allocated significant portions to the founding team and early investors, but current holdings are unclear due to lack of transparent reporting.

Development vs Marketing

Recent activity shows minimal technical development with sporadic marketing efforts. The project's social media presence and community engagement have declined significantly since its peak in 2018.

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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Justification for our Halal Rating