XAI
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in XAI 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 XAI.
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.