CryptoGPT is a blockchain platform that combines AI development and tokenization using their GPT token. They offer various ways for applications to monetize data through ecosystem income and have developed products like Alex, AI2Earn VPN, and a Data marketplace. Users can earn rewards through Data Capsule NFTs, DATUM reward currency, and daily app activity. However, based on the information provided, it is unclear whether this project complies with Shariah principles, and further information would be required to determine its Shariah compliance.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a genuine product on blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | CryptoGPT is an Ethereum layer-2 blockchain that combines AI development with tokenization via their $GPT token. They have onboarded applications in various verticals, offering them new ways to monetize data through their ecosystem income, including transaction fees and the GPT Data Market. They have developed several products such as Alex for mobile and desktop, an upcoming data-capturing VPN called AI2Earn VPN, and a Data marketplace. AI2Earn allows users to earn cash rewards through Data Capsule NFTs, DATUM reward currency, and daily app activity. The more Data Capsules users have, the higher their cap on daily $DATUM earnings. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The GPT token is a multi-value gas token that is necessary for network transactions in the CryptoGPT ecosystem. It can be topped up through validator staking, cash flow from Core products, and the fee treasury, which can be used for liquidity events like buy backs, burns, and expanded yield. The token is used to pay gas fees on the network, staked to earn validation rights, and users are paid in GPT tokens for their activity data. Holders of the GPT token also have voting rights on proposals through the platform's DAO. | Passed |
| Staking Method | GPT token stakers validate the network by locking up their position, which can be delegated. Ecosystem nodes earn a portion of block rewards that mature to be sustained by network transaction fees. CryptoGPT offers guaranteed NFT rewards, giving all community members a fair and distributed opportunity to earn rewards from the AI economy by staking GPT for the genesis mint of AI Capsules. | Passed |
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