Matrix AI Network
Crypto Overview
Project Overview
Matrix AI Network (MAN) is a public blockchain that aims to integrate artificial intelligence (AI) technology to make blockchain systems more efficient, secure, and accessible. The project was launched in 2018 with the goal of creating an intelligent blockchain platform that can support AI-powered services and smart contracts.
Intended Utility
The primary intended uses of the MAN token include: Paying for computational resources on the network, rewarding network validators and miners, governance participation, and facilitating transactions within the ecosystem. The platform aims to serve AI model training, smart manufacturing, and intelligent city applications.
Actual Utility Assessment
Current development activity appears minimal, with limited recent GitHub commits or technical updates. While the project maintains some partnerships in China, particularly in the manufacturing sector, concrete evidence of widespread adoption for its stated purposes is limited. The disparity between intended and actual utility is notable.
Token Distribution and Governance
Initial token distribution allocated 40% to the founding team and early investors, with varying vesting periods. While some vesting schedules were implemented, detailed information about current token distribution and lock-up enforcement is not readily available. The project's marketing activities have significantly decreased since 2021.
Revenue Model and Operations
The network operates on a hybrid Proof of Work and Proof of Stake consensus mechanism. Transaction fees and block rewards are distributed to validators without interest-bearing mechanisms, which aligns with Islamic principles. The project does not directly facilitate any prohibited activities.
Crypto Impact
To assign a comfort level investing in Matrix AI Network 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 Matrix AI Network.
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.