Glossary of terms used in the Synesis One ecosystem.
Artificial Intelligence: is the simulation of human intelligence processes by computers. Some common applications of AI include natural language processing, speech recognition and machine vision.
Approval Rate: is a measure of a builder’s overall efficiency. It is equal to the number of the builder’s approved submissions divided by the builder’s total number of validated submissions. A builder’s approval rate determines their reward, based on where they fall on the tiered reward pyramid.
Approved Utterance: is an utterance submitted by a builder that has been approved by a quorum of validators. Only approved utterances are rewarded with SNS tokens.
Automatic Market Maker (AMM): is a financial tool unique to decentralized finance (DeFi). AMMs allow digital assets to be traded automatically using liquidity pools rather than on a traditional order book model, which requires matching buyers and sellers. AMM users supply liquidity pools with crypto tokens, whose prices are determined by a mathematical formula.
Architect: designs campaigns, which are composed of microtasks (providing data for an AI, for example) for builders and validators on the Synesis One platform. The architect enters the campaign parameters, capitalizes the project with SNS, and then launches the smart contract that governs its execution.
Blockchain: is a distributed database with a continuously growing list of ordered records of transactions called blocks. These blocks are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. The data in each block can’t be altered or replaced. Blockchain thus makes it possible for people who don’t know each other to transact securely and transparently without the need for intermediaries like banks.
Builder: is anyone who completes microtasks on the Synesis One platform. These tasks include providing data to improve a natural language processing model. Builders are paid in SNS tokens for their contributions.
Campaign: is a project created by an architect on the Synesis One platform. Campaigns are composed of microtasks which builders and validators complete for SNS tokens. The architect defines the parameters of the campaign, which includes project budget, accuracy target, and number of days to run.
Canonical: a proprietary data structure developed by Mind AI that allows the Mind Expression engine to perform inductive, deductive and abductive reasoning.
Crowdwork: is work managed through a digital platform (like Synesis One) that connects microtasks with remote workers who often have great flexibility as to when and how they work. Crowdwork took off in the 2010s as Big Tech firms discovered that humans can often perform microtasks like photo tagging and data annotation more cheaply and efficiently than computers.
Cryptocurrency: is any number of digital currencies (like Bitcoin) that function as a medium of exchange through a computer network. Cryptocurrencies run on blockchains, which are public ledgers that immutably record all transactions of the currency holders. Cryptocurrencies enable anyone anywhere to send and receive payments, without relying on central authorities like governments or banks.
Decentralized Autonomous Organization (DAO): is a member-owned community that runs on the blockchain and works towards a shared goal. In a DAO, there is no centralized leadership. Instead, power is distributed across token owners who collectively cast votes. Members make decisions through a democratic, bottom-up management approach, unlike traditional hierarchical organizations. DAOs run on smart contracts, which define the rules of the organization and hold the group's treasury. Examples of DAOs include MakerDAO and Augur (a prediction platform).
Decentralized Finance (DeFi): enables financial services (savings, loans, payments, etc) over decentralized networks on a peer-to-peer model, without central authorities like brokerages, exchanges, or banks. Transactions are executed using smart contracts on a blockchain.
Digital Currency Exchange: is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Centralized Exchanges (CEXs) are run by private companies and require users to open an account. They are custodial, meaning that the CEX holds the users’ digital assets. Examples include Binance or Coinbase. Decentralized Exchanges (DEXs) are peer-to-peer marketplaces where users can trade crypto assets in a non-custodial manner, without the need for an intermediary to facilitate the transaction. They run on smart contracts. Examples of DEXs include Uniswap or DyDx.
Discord: is a VoIP and instant messaging social platform. Users have the ability to communicate with voice calls, video calls, text messaging, and media in private chats or as part of communities. Synesis One maintains a Discord server for announcements and community discussion here.
Gamification: is the application of game mechanics (badges, leaderboards, etc.) to non-game environments. The goal of gamification is to drive engagement.
Gas Fee: is a small amount of cryptocurrency paid by the user to incentivize miners to process their transaction on the blockchain network. These fees ensure that the network is not congested and that transactions are processed quickly. Synesis One resides on the Solana Blockchain owing to the lower gas fees and high processing speeds for transactions.
Guilds: are associations of Synesis One users who provide training and resources (like NFTs) to new users who can’t afford them. The new users use the NFTs to participate in train2earn, sharing a percentage of their earnings with the guild.
Guild System: allows train2earn contributors to create a guild and loan out Kanon NFT to other users, in exchange for a share of the revenue they generate from train2earn. The Guild System is accessed through the Kanon Exchange website. Guild leaders can add builders or validators (by wallet address) and set revenue shares with their guild members.
Kanon: is an NFT collection minted by Synesis one. Each Kanon combines generative art and a single word, drawn from the 10,000 most common words in the English language. A Kanon NFT grants the holder access to train2earn. In addition, Kanon NFT owners receive passive income based on how frequently their word is accessed by AI clients. The holder of the NFT will get a part of the fee paid by the AI client.
Kanon Exchange: is a decentralized marketplace and NFT minting platform for the Synesis One ecosystem. Users can buy and sell Kanon NFTs as well as swap crypto currencies like SNS or Sol. You can visit the exchange at www.kanon.exchange.
Liquidity pool: is a pool of crowdsourced funds locked in a smart contract. Liquidity pools are used to facilitate trades between token pairs on decentralized exchanges. Unlike the traditional order book model, DEXs use automated market makers (AMMs) to allow digital assets to be traded automatically. If for example you wanted to swap SNS for SOL, you don't have to wait for a seller to appear, since you're executing the trade against the liquidity pool. So long as there is sufficient liquidity, the trade will happen automatically.
Mind AI: is an artificial intelligence company headquartered in Seoul. Founded in 2016, Mind AI’s mission is to develop the world’s most advanced reasoning engine. Mind AI partnered with Synesis One to crowdsource the ontologies needed to provide the engine with a ‘mental map’ of the world.
Non-fungible token: is a non-interchangeable digital asset such as an art work whose ownership is authenticated and stored on a blockchain. NFTs can be collected, sold, and traded on various online platforms. The underlying blockchain technology provides an immutable record of ownership of the digital item, making it counterfeit resistant.
Ontology: a data model that represents a set of concepts within a domain and the relationships between those concepts. It is knowledge that people already understand, such as "birds can fly". The Mind engine can use these ontologies as fuel to infer like a human being. Ontologies can consist of domain-specific knowledge that can be applied to a specific field or context, or general knowledge that can be used as common sense about the world. The Mind engine utilizes general ontologies for use in reasoning for any domain, as they pursue the goal of creating an artificial general intelligence (AGI).
Phantom Wallet: is a user-friendly, non-custodial cryptocurrency wallet. It runs on the Solana network and is available on IOS, Android, Chrome, Brave, and Microsoft Edge.
Peer-to-Peer Trading: is a type of cryptocurrency exchange that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions. P2P exchanges connect buyers and sellers and provide a layer of protection through escrow services, feedback / rating systems, and dispute resolution. Because the platform simply connects buyers and sellers, they can offer a wide array of payment methods.
Search Relevancy Index (SRI): is a measure of how frequently a particular Kanon NFT is used by the Mind Expression engine. The higher the SRI, the greater the claimable SNS reward over time.
Single Sided Staking: allows users to earn yield by providing liquidity for one type of asset, in contrast to liquidity provisioning on AMMs, which requires a pair of assets.
Smart Contract: are programs stored on a blockchain that run when predetermined conditions are met. They are used to automate the execution of an agreement without the need for third parties.
SNS: is a cryptocurrency minted by Synesis One on the Solana blockchain. The total supply is 1,000,000,000 tokens. SNS tokens can be staked in liquidity pools to earn passive income or converted into other cryptocurrencies or fiat.
Solana: is a blockchain designed to host decentralized applications. It can process many more transactions per second and charges lower transaction fees than rival blockchains like Ethereum. Solana employs a consensus mechanism called proof-of-history (PoH), which uses hashed timestamps to verify when transactions occur.
SOL: the native cryptocurrency of the Solana blockchain, which is used to pay transaction fees and for staking.
Staking: allows holders of cryptocurrency on proof-of-stake blockchains to put their tokens to work in exchange for passive income. Token holders can volunteer to validate transactions on the network by locking up their tokens, typically through third party staking services. Their staked tokens act as a guarantee that they are acting in good faith and as a disincentive to violating the protocol rules. In exchange, validators receive a share of the transaction fees or newly minted cryptocurrencies.
Synesis One: is the world's first web3 application that gamifies the collection of AI training datasets in a Train-to-Earn model. Our platform allows businesses of any size to scale their AI solutions by utilizing a diverse community of contributors.
Train2Own: allows Synesis One builders to access train2earn without a Kanon NFT, with the caveat that their earnings go entirely towards the purchase of the builder’s first Kanon. This may take a few weeks to earn. Once they have earned a Kanon, they can stake it and earn crypto rewards directly.
Train2Earn: a business model pioneered by Synesis One in which users can earn crypto rewards by training AI. Users must stake a Kanon NFT to access train2earn.
Utterance: the sentences crafted by builders on the Synesis One Train2earn platform.
Validator: a validator on Synesis One rejects or approves the utterances submitted by builders. Validators are paid $.07 per approved utterance in consensus.
Validation: is the process of reviewing submitted utterances. Approved utterances are said to be in consensus, meaning a quorum of validators approved it. Out of consensus means a quorum of validators rejected the utterance.
Web 3.0: is an idea to rebuild the world wide web with blockchain technology. Proponents argue that a blockchain-based web would provide greater security and privacy, allow users to control their data, and break Big Tech’s monopoly and return democracy to the web.