Vectorspace AI
Crypto Overview
Project Overview
Vectorspace AI is a platform that leverages Natural Language Processing (NLP) and Machine Learning to create dynamic 'smart baskets' of cryptocurrencies and stocks based on real-world events and correlations. The VXV token is used to access these services and data sets.
Intended Utility
The VXV token serves as the primary medium of exchange within the Vectorspace AI ecosystem. It is required to access the platform's correlation matrix datasets, which are used by hedge funds, financial institutions, and researchers. The token has specific utility in accessing API endpoints and dataset features.
Actual Utility Assessment
The project demonstrates actual usage through partnerships with established institutions including the U.S. National Laboratory, Cornell University, and several financial institutions. The platform processes real-world data and creates valuable datasets, showing alignment between intended and actual utility.
Token Distribution and Governance
The token distribution appears relatively balanced, with no concerning concentration in founder wallets. There is transparent documentation regarding token allocation and vesting schedules. The team maintains regular development updates and has a clear roadmap focused on technology rather than token price.
Revenue Model
The platform generates revenue through subscription fees paid in VXV tokens for accessing datasets and API services. This model does not involve interest (riba) or gambling mechanisms. The value is derived from providing legitimate data services rather than speculative trading.
Development Activity
There is consistent development activity visible on their GitHub repositories, regular updates to their API services, and continuous improvement of their dataset generation algorithms. The team maintains transparent communication about technical progress through official channels.
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.