Vectorspace AI
Crypto Overview
Overview
Vectorspace AI is a platform that leverages AI and machine learning to create dynamic 'Smart Baskets' of cryptocurrencies and other assets based on real-world events and data relationships. The VXV token is used to power these operations and access the platform's services.
Intended Utility
The VXV token serves multiple purposes: It's required to access the platform's dataset services, API endpoints, and to create or subscribe to Smart Baskets. The token is also used for governance and to incentivize network participants.
Actual Utility
The platform has demonstrated real-world utility through partnerships with organizations like Alphacore Capital and integration with major data providers. The project maintains active development and regularly updates its technology stack. The team has consistently worked on expanding dataset relationships and improving their NLP (Natural Language Processing) capabilities.
Token Distribution and Founder Analysis
The token distribution appears reasonably balanced, with mechanisms in place to prevent excessive concentration. The founding team has maintained consistent involvement since the project's inception, with visible progress in development and partnerships rather than just marketing.
Technology and Revenue Model
The core technology revolves around data correlation and pattern recognition, which is halal as it provides genuine utility in data analysis. The revenue model is based on service fees paid in VXV tokens for accessing the platform's capabilities, not on interest or gambling mechanisms.
Crypto Impact
To assign a comfort level investing in Vectorspace 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 Vectorspace 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.