DEVAI
Crypto Overview
Purpose and Utility
DEVAI (0XDEV) is a cryptocurrency that positions itself as a utility token within the DEVAIchain ecosystem. The project aims to integrate AI and blockchain technology to provide decentralized AI services and tools for developers.
Business Model Analysis
The project's business model focuses on providing AI-powered tools and services through a decentralized platform. The token serves as the primary medium of exchange within this ecosystem, used for accessing AI services and participating in governance.
Development Activity and Adoption
The project shows active development on GitHub, with regular commits and updates. However, real-world adoption metrics are currently limited, which is not unusual for early-stage projects.
Token Distribution
The token distribution includes allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with quarterly unlocks, which helps align long-term incentives.
Technical Architecture
The platform operates on a proof-of-stake consensus mechanism, where token holders can participate in network validation. The core functionality revolves around AI service provision, with no inherent interest-bearing or gambling mechanisms.
Additional Considerations
The project does not involve any explicit haram activities such as interest-based lending or gambling. The core use case of providing AI services and facilitating network governance aligns with Islamic principles of fair exchange and utility creation.
Crypto Impact
To assign a comfort level investing in DEVAI 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 DEVAI.
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.