xAI
Crypto Overview
Project Overview
XAI is a cryptocurrency token launched in early 2024 without official association with Elon Musk's xAI company. The token is based on the Base network, a layer-2 blockchain. It is important to note that this token is not officially associated with xAI, the artificial intelligence company.
Purpose and Utility
The token appears to have no clearly defined utility beyond trading. The project's documentation and communications do not outline any specific use cases or technological implementations.
Business Model and Development
There is no clear business model or development roadmap available. The token exists primarily as a tradeable asset on decentralized exchanges.
Token Distribution and Governance
Information about token distribution and governance structure is limited. There is no transparent documentation about token allocation between founders, development, and public distribution.
Platform Activity
The token primarily exists as a traded asset on decentralized exchanges. There is no evidence of substantial development activity or technological implementation.
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.