Greetings, Synnaxians!
We are thrilled to share some exciting updates as we reach key milestones in our development. Here’s a glimpse of our journey and what’s ahead.
Recap of the Synnax Journey
Since the end of last year, Synnax has hosted two Kaggle competitions with the objectives to enhance predictive models, engage the community, promote innovation, validate and showcase data, and incentivize participation with points for future airdrops.
Dates: November 9, 2023, to January 31, 2024
Objective: Develop predictive models for forecasting the financial statements of a crypto mining company using provided datasets and external data.
Detail: Synnax Kaggle Competition #1
Dates: February 20, 2024, to May 1, 2024
Objective: Predict financial data points for 2030 publicly traded companies over 11 quarters using a dataset with nine financial indicators per quarter.
Detail: Synnax Kaggle Competition #2
What’s happening now?
Synnax Datathon 1 (May 8, 2024, to June 19, 2024)
What is it?
Synnax Datathons are the evolution of our data science competitions previously hosted on Kaggle. Datathon 1 allows data scientists to work with our extensive dataset of public company financial data to predict the next quarter’s financial metrics for each company in the dataset.
Where can I find out more?
For a full description of the competition, evaluation method, prize list, rules, and dataset access, visit our docs section. To register and submit your model predictions, use the Synnax Lab Telegram Bot here. Visit this link for full details.
What’s next?
Datathon 2 (Launching in June 2024)
Datathon 2 is a continuation of Datathon 1 but with even more data! Join our Telegram Bot to stay informed!
SynQuest (Launching in June 2024)
Synnax is building a community where participants can contribute to our success and earn a share of revenue. SynQuest is an engaging community sentiment poll where participants earn rewards by answering questions about their sentiment towards digital assets and financial markets.
SynQuest v1 will be hosted on a dedicated Telegram bot soon. Later, SynQuest will evolve into an engaging, gamified experience hosted on a Telegram mini-app, and will be the basis of the SYNAI staking model.
The Synnax Protocol (Launching Q3 2024)
Synnax v1 will be the first production version of the Synnax Protocol. Users can search over 20,000 publicly listed companies and view detailed credit intelligence. Data scientists will compete to predict future financial metrics for each company in the dataset and earn a share of Synnax revenues. Synnax v2 will launch later in the year, adding privacy-preserving data exchange protocols and data transparency scores, designed to provide credit intelligence for private debt issuers in web3 and beyond.
SYNAI TGE (TBC)
SYNAI is the Synnax ecosystem utility token, used for payments, incentives and rewards for data scientists and SynQuest participants.
Follow Synnax on social media to keep updated about th SYNAI launch date!
Stay connected
Thank you for being with us, Synnaxians. Your support is crucial as we advance credit intelligence. Stay engaged for more updates and opportunities to shape Synnax’s future!