DOJO Protocol

Halal Rating :
Comfortable
Last Price $0.0042 Last updated:
Rank 1807
1D Change 17.25 %
Market Cap $2.02m
Circulating supply 485,971,046
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • Solana Ecosystem

Project Overview

DOJO Protocol (DOAI) is a blockchain project focused on AI infrastructure and decentralized computing. The protocol aims to create a decentralized network for AI model training and inference.

Purpose and Utility

The primary purpose of DOAI is to serve as a governance and utility token within the DOJO ecosystem. Token holders can participate in network governance, stake tokens to provide computing resources, and use tokens to access AI computing services on the platform.

Business Model and Implementation

The project's business model revolves around creating a decentralized marketplace for AI computing resources. Users can contribute computing power to the network and earn DOAI tokens, while others can spend tokens to access these resources for AI model training and inference.

Development and Adoption

The project is in its early stages with active development ongoing. The team has released technical documentation and is building the core infrastructure. While adoption is currently limited, this is expected for an early-stage project.

Token Distribution

The token distribution includes allocations for development (30%), ecosystem growth (25%), community rewards (20%), team and advisors (15%), and initial liquidity (10%). Team tokens are subject to a 2-year vesting period with a 6-month cliff.

Additional Considerations

The project does not involve interest-bearing mechanisms or gambling elements. The core utility focuses on legitimate technological infrastructure development and resource sharing.

Crypto Impact

To assign a comfort level investing in DOJO Protocol 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 DOJO Protocol.

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