Neuracat
Crypto Overview
Overview
Neuracat (NCAT) is a cryptocurrency project launched on the Cardano blockchain that focuses on advancing AI and blockchain integration. The project aims to create a decentralized ecosystem for AI development and deployment.
Purpose and Utility
The stated purpose of Neuracat is to facilitate AI model training and deployment through a decentralized network. The token is designed to be used for governance of the protocol and as a payment method for AI services within the ecosystem.
Development and Implementation
The project is in its early stages, with development primarily focused on establishing the basic infrastructure. While the technical documentation exists, the practical implementation of the proposed AI features is still under development.
Token Distribution and Governance
The token distribution includes allocations for development (30%), community rewards (25%), team (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with quarterly unlocks, which shows commitment to long-term development.
Current Usage
At present, the primary use of NCAT is trading on decentralized exchanges and participation in governance decisions regarding the project's direction. The AI functionality is still in development.
Sharia Compliance Analysis
1. The project involves real asset ownership and transfer. 2. The underlying technology aims to provide legitimate utility in AI development. 3. The token serves as a governance mechanism and future utility token. 4. There is no evidence of gambling or interest-based mechanisms. 5. The project does not facilitate any haram activities.
Crypto Impact
To assign a comfort level investing in Neuracat 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 Neuracat.
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.