Purple AI
Crypto Overview
Project Overview
Purple AI (PAI) is a cryptocurrency project that claims to combine artificial intelligence with blockchain technology. The project's stated purpose is to create an AI-driven ecosystem for decentralized applications and data analysis.
Utility Assessment
The project appears to be in very early stages of development. While the whitepaper outlines ambitious goals for AI integration, the current implementation primarily functions as a standard ERC-20 token on the Ethereum network.
Business Model Analysis
The project's business model centers around providing access to future AI services through token ownership. No clear evidence of prohibited activities like gambling, interest-based lending, or adult content has been found in the project's scope.
Real-World Adoption
Current adoption appears limited, with most activity centered around token trading on decentralized exchanges. While the promised AI functionality is still in development, this early stage status does not impact halal classification.
Token Distribution
The token distribution shows a relatively balanced allocation: 40% for public sale, 30% for development, 20% for team (with 2-year vesting), and 10% for marketing. This structure appears reasonable and includes appropriate vesting periods for team tokens.
Crypto Impact
To assign a comfort level investing in Purple 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 Purple 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.