Raven Protocol

Halal Rating :
Comfortable
Contract: 0xcd7c5025753a49f1881b31c48caa7c517bb46308
Last Price $0.00022 Last updated:
Rank 7363
1D Change -1.52 %
Market Cap -
Circulating supply 0
Maximum supply None

Crypto Overview

Categories
  • AI & Big Data
  • BNB Chain Ecosystem

Project Overview

Raven Protocol was designed as a decentralized and distributed deep learning training protocol. The project aimed to create a network where users could contribute their computing resources to train AI models in a distributed manner, receiving RAVEN tokens as rewards.

Purpose and Utility

The intended purpose was to create a distributed computing network for AI training, with RAVEN tokens serving as the network's utility token to compensate computing resource providers. However, current research indicates that the project appears to be inactive, with minimal to no development activity in recent years.

Business Model Evaluation

The original business model was halal-compliant as it involved exchanging real computing resources for tokens. The concept involved legitimate value exchange between participants - computing power providers and those needing AI training resources.

Development and Adoption

The project's development appears to have stalled. The official website is no longer accessible, and there is no recent activity on development repositories or social media channels. This suggests the project may be abandoned, though this does not affect its halal classification as the underlying concept remained permissible.

Token Distribution and Governance

Due to the project's current inactive status, detailed information about token distribution and recent governance activities is not readily available. The original token distribution model involved rewards for computing resource providers.

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