SingularityNET
Crypto Overview
Understanding the Intended Utility
SingularityNET is a decentralized marketplace for AI services, allowing anyone to create, share, and monetize AI services at scale. The AGIX token serves as the native currency for transactions within this marketplace, enabling users to pay for AI services, participate in platform governance, and stake tokens to support the network.
Business Model Analysis
The platform operates transparently, with smart contracts governing transactions and a clear technological roadmap. The core business model revolves around facilitating the exchange of AI services, which aligns with halal principles as it provides genuine utility and value creation.
Real-World Adoption Assessment
The project has demonstrated significant real-world adoption through partnerships with companies like Cardano and SingularityDAO. The platform hosts numerous AI services, including image processing, language analysis, and biomedical AI applications. Recent developments include the integration with Cardano for improved scalability and the launch of AI marketplaces focusing on specific industries.
Platform Development Activity
Development activity remains robust with regular GitHub commits and platform updates. The project maintains an active developer community and continues to expand its AI service offerings. The team regularly publishes technical updates and maintains transparency in development progress.
Token Distribution Analysis
The token distribution shows a relatively balanced allocation, with approximately 40% distributed to the community through various mechanisms. Team and foundation tokens have vesting schedules that extend over multiple years, reducing the risk of sudden selling pressure. The project maintains transparency regarding token allocations and vesting schedules.
Crypto Impact
To assign a comfort level investing in SingularityNET 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 SingularityNET.
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.