PrivateAI
Crypto Overview
Overview
PrivateAI ($PGPT) is a cryptocurrency token that serves as the utility token for the Private AI platform, which aims to provide decentralized and private artificial intelligence services. The platform focuses on enabling users to access AI capabilities while maintaining data privacy and security.
Purpose and Utility
The primary purpose of PGPT is to facilitate transactions within the Private AI ecosystem. Token holders can use PGPT to access AI services, pay for computational resources, and participate in the platform's governance. The token has actual utility in accessing real services and is not merely a speculative instrument.
Business Model
The platform's business model revolves around providing AI services while respecting user privacy. The core activities include: AI model training, inference services, and data privacy solutions. These activities align with halal principles as they involve the exchange of legitimate services and don't engage in prohibited activities.
Development and Adoption
The project shows active development with regular updates to its technology stack. The team maintains transparency about their development progress through public repositories and documentation. While adoption is still in early stages, this does not affect its halal status.
Token Distribution
The token distribution includes allocations for development, marketing, and community growth. While there is a portion reserved for the team and advisors, this is standard practice and does not indicate a scheme to enrich founders.
Revenue Model
The platform generates revenue through legitimate service fees for AI computations and privacy-preserving features. This model does not involve interest-based income or gambling mechanisms.
Crypto Impact
To assign a comfort level investing in PrivateAI 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 PrivateAI.
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.