enqAI (ENQAI)

Decentralized AI Platform

enqAI is a decentralized AI platform that provides bias-free, censorship-free generative AI tools. It uses a network of distributed GPUs to run AI models, which helps avoid central control and single points of failure. This makes AI services more reliable, transparent, and accessible to a wider audience.

AI Model Hosting and Inference

Nodes in the enqAI network run AI models and earn tokens by performing inferences in response to user queries. This decentralized GPU network supports advanced AI workloads efficiently, enabling high performance and scalability.

Governance and Community Use

enqAI tokens are used for governance votes, allowing holders to decide how network resources are allocated. This empowers the community to shape the platform’s development and evolution.

Trading and Exchange

enqAI tokens can be traded on various decentralized and centralized exchanges, such as Uniswap V3 on Ethereum. They can also be swapped or converted through platforms like Bitget and Kriptomat.

Web3 and DeFi Integration

enqAI tokens can be used within the Web3 ecosystem, including decentralized applications (dApps), DeFi platforms, games, and NFT marketplaces, providing utility beyond just AI services.

Advantages

• Decentralization: enqAI operates on a decentralized GPU network, avoiding central control and promoting unbiased, censorship-free AI models.
• Enhanced Security and Efficiency: Proprietary setup offers lower fees and faster transactions.
• Uncensored AI Models: Users can generate content without restrictions, unlike traditional platforms.
• Market Interest: enqAI has shown significant price surges and attracts investor interest, outperforming some parts of the crypto market at times.
• Open API and Governance: The platform supports transparency and user empowerment through decentralized governance and an open API.
• Scalability: Distributed computational workload across GPUs allows handling large data volumes and complex AI tasks efficiently.

Disadvantages

• Price Volatility: enqAI has experienced significant price fluctuations and declines from all-time highs.
• Market Size and Liquidity: The market capitalization and trading volume are relatively small compared to many other cryptocurrencies, which can affect liquidity.
• Regulatory Uncertainty: Changes in laws and regulations could impact the platform and token.
• New and Developing Project: enqAI is relatively new and still in beta, which may mean evolving features and potential instability.
• Competition: There are several alternatives in decentralized AI and crypto space, which may affect enqAI’s market position.

This summary reflects enqAI’s current strengths and challenges based on available information.

Founders

The founders of enqAI are Do Kwon and Tommy2.eth. Do Kwon is known for his background in computer science and his involvement in several blockchain projects.

Background

enqAI, formerly known as noiseGPT, is a decentralized AI platform focused on providing uncensored, unbiased AI models. It operates on the Ethereum blockchain and uses a decentralized GPU network to power its AI services.

Investors in enqAI

The available information does not specify individual or institutional investors in enqAI. However, it highlights that enqAI is a decentralized AI platform with a native utility token (ENQAI) that is traded on various exchanges like Uniswap V3 and Bilaxy. The token is held and traded by a broad community of investors and users who participate in the ecosystem by staking, trading, and contributing to governance.

Trading and Market Participation

• enqAI tokens are actively traded on decentralized and centralized exchanges.
• The most popular trading pair is ENQAI/WETH on Uniswap V3.
• Trading volumes and market capitalization data indicate active investor interest.
• Investors include those who buy, sell, and stake ENQAI tokens to support the network and participate in decision-making.

Community and Governance

• enqAI emphasizes decentralized governance, allowing token holders to influence the platform’s evolution.
• The project is community-driven, with transparency and independence from corporate control.

No specific names or entities of investors are publicly listed in the provided information.

Halal Status of enqAI

• Yes, enqAI is halal.
• This is because enqAI is a digital token and platform related to decentralized AI technology, which does not involve any prohibited (haram) activities or substances under Islamic law.
• Halal principles apply to ethical and lawful practices, and since enqAI operates transparently and independently without engaging in forbidden financial practices like usury (riba), it aligns with halal guidelines.