June: Monthly Newsletter

Greetings Supporters!

We did it! The Synesis One team is pleased to announce that on June 6, 2023, after almost two years of design and engineering work, we officially launched on Solana Mainnet! It was a long journey — longer than we thought when we first began! Check out our launch video!

We feel like Edmund Hillary and Tenzing Norgay when they finally reached the summit of Mount Everest. The view across the snow-covered valley to Mount Lhotse and Cho Oyu is exhilarating and unlike anything on earth. We want to take a moment to savor our accomplishment before we set our eyes on the moon.

Like the mountaineers, we would have never made it without the support of our team and the wider community. We want to thank our programming team for their many late nights pouring over code, our investors for supporting the team, and our community for sharing our vision. Thank you all!

Mainnet Milstone

What does Solana mainnet launch entail and what comes next?

• Access: Users can access our platform through the Synesis One website or by downloading our new Workspace dApp on Solana’s crypto phone Saga, or by visiting Google Play for Android or the Apple store (soon) for iOS.
• Train2Earn: To participate in train2earn, users will need to purchase a Kanon NFT from kanon.exchange. The NFT allows users to submit utterances and earn SNS by training the Mind Expression engine. Owners are also entitled to a passive income each time their NFT word is used in the Mind Expression ecosystem.
• Guild System: One of the exciting new features that launches with Mainnet is our guild system. Guilds emerged to provide training, Kanon NFTs, and community for builders. Builders need Kanon to access Train2Earn. The more Kanon a builder holds, the higher their daily submission cap. Since a Kanon NFT can represent a sizeable capital investment for some (floor price is currently 4 Sol), we’ve made it possible for Kanon NFT holders to securely lend out their extra Kanon to builders who need them, in exchange for a share of their earnings.
• Transition Period: With our launch on Solana Mainnet, we will continue to run the Open Beta on Devnet. This will give us the runway needed to ensure all features are working correctly. Over the next week or two, we will transition all Train2Earn campaign activity from Devnet to Mainnet.
• Token Price: The launch of our train2earn platform on Solana Mainnet marks the start of our move from beta to live commercial service. Henceforth, clients like Mind AI will need to purchase SNS tokens to fund the microtasks they create for our workers each week. During Beta, we funded these campaigns from our treasury. The shift to live commercial service should thus have a positive impact on our token price.

Community Update:

• Mind AI has begun ramping up the number of campaigns each week to provide more data for the Mind Expression engine. The Synesis One community is now providing ontologies in English, Korean, and Thai languages!
• Builder demand remains strong. We now have more than 300 wallet addresses. Each week our community submits thousands of utterances through our train2earn platform to train AI and earn crypto.
• We are continuing to grow our pool of validators, so we can scale the number of campaigns we tackle each week. We’re focused on streamlining training and testing to increase our validator pool in the coming weeks.
• We’ve begun working with Zealy, a community building tool that rewards people who help spread the word about Synesis One. Community members who retweet our announcements, comment or like Synesis on Coinmarketcap can earn SNS and help us grow.

The Road Ahead

Mainnet launch was a major milestone for our company. In the coming weeks and months, we will continue to add new features (gamification, expanded tools for guilds, etc), but now that we’re a live commercial service, we will ramp up sales and marketing to secure new clients in need of AI training datasets.

Closing Thoughts

AI adoption continues to grow at an exponential rate. But humans are still needed to create the training data that power AI models. Thanks to Blockchain technology, which allows us to tap a truly global workforce, Synesis One is well-positioned to compete on data diversity, transparency, and price.

Onward!

The Synesis One team