Onchain AI
Crypto Overview
Purpose and Utility
Onchain AI (OCAI) is a cryptocurrency project that aims to integrate artificial intelligence capabilities with blockchain technology. The project's stated purpose is to provide AI-powered tools and services for blockchain analytics and development.
Business Model Analysis
The project focuses on developing AI tools for blockchain analysis, which is a permissible activity under Islamic principles. The core business model appears to be based on providing technological services rather than lending or gambling activities.
Real-World Adoption and Development
The project is in its early stages, with limited verifiable adoption metrics available. The development team maintains an active GitHub repository, showing ongoing technical development.
Token Distribution and Governance
Token distribution information shows a significant portion allocated for development and community growth. There are vesting schedules in place for team allocations, which suggests some protection against immediate selling pressure.
Revenue Model and Operations
The project generates revenue through the provision of AI services and tools, which aligns with Islamic financial principles as it involves the exchange of actual value and services.
Crypto Impact
To assign a comfort level investing in Onchain AI 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 Onchain AI.
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.