XAI

Purpose and Utility

XAI is a cryptocurrency token launched by xAI, a company founded by Elon Musk focused on artificial intelligence research and development. The token is intended to serve as a utility token within the xAI ecosystem, though specific use cases are still being developed.

Business Model Evaluation

The project aims to develop AI tools and technologies, with the token potentially being used for governance and access to AI services. The core business of AI development aligns with halal principles as it involves creating genuine utility and technological advancement.

Real-World Adoption

As XAI is a very new token (launched in December 2023), adoption is currently limited. The token primarily trades on decentralized exchanges, with most activity centered around trading rather than utility at this early stage.

Platform Development

The development is backed by xAI, which has already released Grok, an AI chatbot. However, the specific integration of the XAI token into the ecosystem is still in development.

Token Distribution

Detailed information about token distribution and vesting schedules is limited. The token launched through a fair launch mechanism on decentralized exchanges.