Synesis One (SNS)

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Crowdsourcing AI Data

Synesis One is a platform where users help train AI by completing small tasks like labeling and annotating data. This helps create better and more accurate AI systems.

Earning Rewards

Users earn SNS tokens by participating in AI training tasks (active earning). They can also earn passive rewards by owning Kanon NFTs, which represent common English words and generate tokens when those words are used by AI clients.

NFT Marketplace

Synesis One has a native marketplace called Kanon Exchange where users can buy, sell, and trade word-based NFTs. These NFTs can generate ongoing rewards based on their usage in AI datasets.

Community and Governance

The platform encourages community involvement, allowing token holders to participate in decisions about the platform’s development and operations through decentralized governance.

Business Use

Synesis One helps companies and governments scale their AI data needs by providing high-quality, crowdsourced datasets and a data provenance engine to ensure data quality and transparency.

Pros

• Synesis One is built on the fast Solana blockchain, offering scalability and low fees.
• It plans integration with Polygon blockchain for cross-chain interoperability with Ethereum.
• The platform connects businesses needing AI data annotation with contributors who earn crypto rewards.
• 80% of campaign budgets go directly to contributors, aligning tokenomics with real-world demand.
• Synesis One supports a play-to-earn system with games that encourage dataset creation for AI training.
• Token holders have governance rights, allowing them to vote on platform development.
• The ecosystem is designed for transparency with traceable transactions on blockchain.
• It offers good adoption potential and aims to be a leader in decentralized digital asset exchange.

Cons

• The $SNS token is highly volatile, which may affect stability and deter some investors.
• Synesis One faces competition from other projects integrating AI and blockchain.
• MetaMask wallet does not support Synesis One, limiting wallet options.
• Detailed inner workings and long-term price predictions are limited or uncertain.
• No crypto exchange currently supports Synesis One contracts or ETF trading, which may affect liquidity.

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, medicine, and industrial engineering. Paul also founded Mind AI and has experience in AI, blockchain, and play-to-earn data yield farming on the Solana blockchain.

• David Saccon: Co-founder, Chief Technology Officer, and Head of Product at Synesis One. He has a strong engineering background with experience in software, web, and internet infrastructure technologies, including telecom systems.

• Joshua Hong: Co-founder of Synesis One, with a personal commitment to creating technology that helps society. He is involved in the community and education aspects of the project.

• Rolf: Co-founder involved in DAO activities and investment, with a Ph.D. focused on optimization and decision making, and experience in various ventures and DAOs.

• Joel (Coach K): Co-founder and fund manager with expertise in trading algorithms and investment management.

These individuals together form the founding team behind Synesis One, combining expertise in AI, blockchain, engineering, investment, and community development.

Institutional Investors

Synesis One is supported by 8 institutional investors, including Global Blockchain Innovative Capital, D1 Ventures, Shima Capital, and A195 Capital. These investors are venture capital funds and crypto-focused investment firms.

Angel and Lead Investors

Key angel investors include Rolf Hoefer, who is a lead investor of MetaCartel VC and founding general partner at Cultur3 Capital. He is among the notable supporters of Synesis One.

Summary

The investors in Synesis One consist of a mix of institutional investors, venture capital funds, crypto investment firms, and prominent angel investors who back its decentralized AI data collection and play-to-earn ecosystem.

Halal Status

No specific information is available about whether Synesis One is halal or not.

Reasoning

There is no mention of religious compliance or halal certification in the provided data about Synesis One.