MindAI
Crypto Overview
Project Overview
MindAI (MDAI) is a cryptocurrency project focused on AI-powered decentralized applications. The token serves as the primary utility token for the MindAI ecosystem.
Purpose and Utility
The stated purpose of MDAI is to serve as a governance and utility token within their AI platform ecosystem. Token holders can use MDAI to access AI services, participate in governance decisions, and engage with platform features.
Business Model Analysis
The project's business model appears focused on providing AI services through blockchain technology. The platform's core operations do not involve any inherently haram activities like gambling, interest-based lending, or prohibited content.
Development and Adoption
The project shows active development on GitHub, with regular updates to their smart contracts and platform features. While still in early stages, the ecosystem is showing signs of genuine utility implementation.
Token Distribution
The token distribution includes allocations for development (25%), team (20%), community rewards (30%), and public sale (25%). Team tokens are subject to a 2-year vesting period with quarterly unlocks, showing commitment to long-term development.
Technology Analysis
The platform's technology focuses on AI integration with blockchain, providing actual utility through AI services. The project does not involve interest-bearing mechanisms or gambling features in its core functionality.
Crypto Impact
To assign a comfort level investing in MindAI 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 MindAI.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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