Synesis One (SNS)

Crowdsourcing AI Data

Synesis One is a decentralized platform where users help train artificial intelligence by completing small tasks like providing raw data, labeling, and annotating data. This crowdsourced data is used to improve AI models.

Play-to-Earn Games

The platform uses games on the Solana blockchain to encourage users to participate. Players earn Synesis (SNS) tokens by playing games that generate valuable datasets for AI training.

NFT Marketplace and Rewards

Users can own Kanon NFTs, each representing a common English word. These NFTs earn passive rewards whenever their word is used by AI clients. Kanon NFTs can be traded on Synesis One’s native marketplace, the Kanon Exchange.

Governance and Staking

SNS token holders can stake their tokens to earn rewards and participate in the governance of the Synesis One decentralized autonomous organization (DAO), helping decide the platform’s future.

AI Data Utility

Synesis One aims to build the largest Web3 community to crowdsource diverse, high-quality data sets that power AI applications across industries, making AI training more accessible and transparent.

Pros

• Synesis One combines AI with blockchain technology to create a decentralized and transparent ecosystem for AI data annotation, allowing contributors to earn cryptocurrency rewards.
• It uses a Train2Earn model where contributors participate in AI data campaigns and earn crypto, with 80% of campaign budgets allocated directly to contributors.
• The platform plans integration with Polygon blockchain for scalability and cross-chain interoperability with Ethereum.
• Built on the fast-growing Solana blockchain, which helps reduce gas costs.
• Synesis One offers a play-to-earn system with games that incentivize users to create datasets for AI training.
• It aims to democratize AI data creation, giving power and ownership back to contributors.
• The tokenomics align real-world demand with blockchain, supporting a sustainable ecosystem.
• The community sentiment on social media is mostly positive, with a majority of bullish tweets.
• Synesis One supports both active and passive earning opportunities through data annotation and NFTs.

Cons

• The price of Synesis One is highly volatile and has experienced significant declines, which may affect investor confidence.
• It faces competition from other projects integrating AI and blockchain.
• Market activity and trading volume have shown recent decreases.
• The project is still emerging, and detailed information about its inner workings is limited.
• Synesis One’s market capitalization and trading volume are relatively low compared to larger cryptocurrencies.
• Some exchanges require account setup and identity verification before buying SNS.
• The platform and token are relatively new, so long-term stability and adoption are uncertain.

Founders of Synesis One

The founders of Synesis One are David Saccon, Joshua Hong, and Paul Lee. Paul Lee is also the CEO of the company. David Saccon serves as the Chief Technology Officer and Head of Product.

Institutional Investors

Synesis One has 8 institutional investors including Global Blockchain Innovative Capital, D1 Ventures, Shima Capital, and A195 Capital.

Venture Capital and Crypto Funds

Notable investors include Cultur3 Capital, MetaCartel VC, Kenetic Capital, LD Capital, YGG, Tradecraft Capital, GBIC, Alphanonce, NGC, Magnus Capital, Master Ventures, Ethernity, AU21 Capital, D1 Ventures, Linkpad VC, Efficient Frontier, Kryptos Fund, Kairon Labs, Cipholio Ventures, Valhalla Capital, 0xVentures, and Baselayer Capital.

Angel and Lead Investors

Rolf Hoefer, a lead investor of MetaCartel VC and founding general partner at Cultur3 Capital, is among the key angel investors supporting Synesis One.

Summary

Synesis One is backed by a mix of institutional investors, venture capital funds, crypto-focused investment firms, and notable angel investors who support its play-to-earn AI data collection and decentralized AI ecosystem.

Halal Status of Synesis One

No. There is no specific information available in the provided data that confirms Synesis One is halal. The project is a decentralized AI data crowdsourcing platform with a play-to-earn model and NFT tokens, but no details about compliance with Islamic finance principles are mentioned.