GenBox
Crypto Overview
Project Overview
GenBox (GENAI) is an AI-focused cryptocurrency project that aims to democratize access to AI tools and services through blockchain technology. The platform intends to create a decentralized marketplace for AI models and computational resources.
Purpose and Utility
The primary stated purpose of GENAI is to serve as a utility token within the GenBox ecosystem, enabling users to: Access AI computing resources, Purchase AI model usage rights, Pay for AI services, and Participate in governance decisions regarding platform development.
Business Model Analysis
The project's business model appears to be based on facilitating legitimate exchange of AI services and resources. There is no evidence of involvement in prohibited activities such as gambling, interest-based lending, or adult content.
Development and Adoption
The project is in its early stages, with development actively ongoing. While current adoption is limited, this is not unusual for early-stage projects and does not impact halal classification. The GitHub repository shows regular commits and updates to the core protocol.
Token Distribution
Token distribution shows a relatively balanced allocation: 30% to development team (locked for 2 years), 40% for public sale, 20% for ecosystem development, and 10% for marketing. Vesting schedules are transparent and reasonable.
Crypto Impact
To assign a comfort level investing in GenBox 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 GenBox.
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.