Neurai

Overview

Neurai (XNA) is a cryptocurrency that emerged from the Neural Protocol project, aiming to create a decentralized artificial intelligence and machine learning platform. The project focuses on providing infrastructure for AI model training and deployment on a blockchain network.

Purpose and Utility

The primary stated purpose of Neurai is to facilitate decentralized AI computations and create a marketplace for AI models and data. The project aims to allow users to contribute computational resources for AI training while being rewarded with XNA tokens.

Current Implementation

The project maintains active development with regular GitHub commits. The core utility involves securing the network through a hybrid Proof of Work and Proof of Stake consensus mechanism. Currently, the main usage revolves around network validation and transaction processing.

Business Model Analysis

The business model appears transparent and does not involve any inherently prohibited activities under Islamic law. The project does not engage in interest-bearing activities, gambling, or other haram industries. The token serves as both a utility token for network operations and a means of value transfer.

Development Activity

The project shows consistent development activity on GitHub, with regular updates to the core protocol. The development team maintains transparency about their progress and future roadmap.

Token Distribution

The token distribution appears fair, with no excessive concentration among founders or early investors. The project implemented a fair launch model without pre-mining or ICO, allowing for organic token distribution through mining and staking.