X AI
Crypto Overview
Project Overview
X AI is a relatively new cryptocurrency token introduced in late 2023 that appears to be named to capitalize on Elon Musk's X platform (formerly Twitter) and artificial intelligence trends. The token does not appear to have any official connection to X/Twitter or Elon Musk.
Stated Purpose & Utility
The token claims to want to bridge AI and cryptocurrency technologies, though specific technical details and real use cases are not clearly defined. The token appears to function primarily as a speculative trading asset on decentralized exchanges.
Business Model & Platform Activity
Currently, there is limited information available about the development team, roadmap, or concrete technological implementations. The project appears to be in a very early stage with minimal documented development activity.
Token Distribution & Founder Analysis
Information about token distribution, vesting schedules, and team tokens is not readily available. The anonymous nature of the team and lack of transparency around token allocations raises some concerns, though this alone does not make it haram.
Current Usage
The token is primarily used for trading on decentralized exchanges. While utility beyond trading appears limited currently, the mere act of trading digital assets is not inherently haram as long as actual token ownership is transferred.
Crypto Impact
To assign a comfort level investing in X 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 X 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.