FlowerAI
Crypto Overview
Overview
FlowerAI is a decentralized project that aims to utilize artificial intelligence to optimize and decentralize the control of cloud computing resources. The project uses its FLOWER token as a utility token for accessing computing resources and participating in network governance.
Purpose and Utility
The intended purpose of FLOWER is to serve as a medium of exchange within the FlowerAI ecosystem, allowing users to pay for AI-powered cloud computing services and participate in governance decisions. Token holders can stake their tokens to participate in network validation and earn rewards through a Proof of Stake mechanism.
Business Model
The project generates value through providing decentralized computing resources and AI services. The business model appears transparent and focused on legitimate technology services, without involvement in prohibited activities like gambling or interest-based lending.
Development and Adoption
The project shows active development on GitHub with regular commits and updates to the core protocol. While adoption is still in early stages, there are signs of growing usage for computing resources and network validation.
Token Distribution
The token distribution shows a reasonable allocation with 20% to the founding team subject to a 4-year vesting period, 30% reserved for ecosystem development, and 50% distributed through various public sales and mining rewards.
Crypto Impact
To assign a comfort level investing in FlowerAI 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 FlowerAI.
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.