Synesis One (SNS)

Data Crowdsourcing

Synesis One is a platform where users complete small tasks to help create high-quality datasets that train artificial intelligence (AI).

Play-to-Earn Model

It uses games to encourage people to contribute data, rewarding them with $SNS tokens for their participation.

Decentralized Platform

Synesis One runs on smart contracts on the Solana blockchain, making it decentralized and transparent without a central controlling entity.

AI Development Support

The data collected helps companies and governments scale their AI needs by providing diverse and reliable data for AI training.

NFT Integration

Users can own Kanon NFTs and earn passive rewards when their unique data or words are used by AI clients.

Marketplace and DAO

Synesis One combines a decentralized autonomous organization (DAO) and an NFT data marketplace to support data trading and governance within the AI ecosystem.

Pros

• Synesis One uses blockchain technology on Solana, which helps keep transactions transparent and fast.
• It offers a unique Train2Earn model where users earn crypto by completing AI data annotation tasks.
• The platform combines AI and play-to-earn gaming to encourage community participation and data generation.
• Contributors receive direct rewards, with about 80% of campaign budgets going to them.
• It supports decentralized crowdwork, giving contributors control and ownership of their data.
• Synesis One aims to create a fair and open data economy for AI development.
• The project has a growing ecosystem with NFT integration and DeFi farming incentives.

Cons

• The price of Synesis One tokens has been quite volatile, with significant drops in value over time.
• Trading volume and market activity can fluctuate, sometimes showing decreases.
• It faces competition from other AI and blockchain projects.
• The project is still emerging, so some features and adoption levels are developing.
• Synesis One’s market cap and dominance in the crypto market are relatively small.
• Some users report mixed community sentiment on social platforms.

For more details, visit the official website: synesis.one

Founders of Synesis One

• Paul Lee: Co-founder and CEO of Synesis One. He is a clinician, scientist, and entrepreneur with a background in molecular and cellular biochemistry and medicine. Paul also founded Mind AI, a project related to conversational AI.
• Joshua Hong: Co-founder of Synesis One. He is deeply involved in the project and has a background that includes education and art-education non-profit work, bringing a human-centered approach to the technology.

These two are the main known co-founders behind Synesis One.

Institutional Investors

Synesis One has raised funding from 8 institutional investors. Some of the known investors include Global Blockchain Innovative Capital, D1 Ventures, and Shima Capital.

Venture Capital and Crypto Funds

Other notable investors are Cultur3 Capital, MetaCartel VC, Kenetic Capital, LD Capital, YGG (Yield Guild Games), Tradecraft Capital, A195, GBIC, Alphanonce, NGC Ventures, Magnus Capital, Master Ventures, Ethernity Capital, AU21 Capital, Linkpad VC, Efficient Frontier, Kryptos Fund, Kairon Labs, Cipholio Ventures, Valhalla Capital, 0xVentures, and Baselayer Capital.

Angel and Individual Investors

The project also attracted angel investors with experience both inside and outside the crypto space, including early-stage venture fund managers and technology investors.

These investors support Synesis One’s mission to gamify AI data collection and build a decentralized data marketplace on the Solana blockchain.

Halal Status of Synesis One

• Answer: No clear official ruling is available.
• Reason: There is no specific information or authoritative Islamic finance guidance publicly available about Synesis One’s compliance with halal principles. It is a decentralized data crowdsourcing platform with a play-to-earn model on the Solana blockchain, but no direct sources confirm its halal or haram status.