This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Synesis One?

Synesis One (SNS) is a cryptocurrency that powers a decentralized data crowdsourcing platform. It allows users to earn SNS tokens by completing micro-tasks that train AI models. The platform aims to democratize AI by providing a transparent and fair system for data contributors, ensuring they are rewarded for their work and have control over their data.

How is Synesis One used?

Synesis One (SNS) is a cryptocurrency used within a decentralized data crowdsourcing platform. The platform allows users to earn SNS by completing micro-tasks that train AI models. These micro-tasks involve data labeling and annotation, which are essential for AI applications. The decentralized nature of the platform ensures transparency and fairness in payments, addressing issues common in centralized data crowdsourcing systems.

Users can earn SNS by participating in these micro-tasks, and the token can be stored, traded, or used to purchase goods and services. Additionally, SNS holders can stake their tokens to earn passive income. The platform also utilizes NFTs, known as Kanon NFTs, which represent unique words. When these words are used by AI clients, the NFT holders receive a portion of the fees paid by the clients.

How do I store Synesis One?

To store Synesis One (SNS) tokens, you can use a secure cryptocurrency wallet that supports the Solana blockchain. Here are the steps:

  1. Download a Trust Wallet:

    • For desktop computers, download Google Chrome and the Trust Wallet Chrome extension.
    • For mobile phones, download the Trust Wallet app from the Google Play Store or the iOS App Store.
  2. Set up your Trust Wallet:

    • Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app.
    • Make sure to keep your seed phrase safe and note your wallet address.
  3. Transfer SNS to your Wallet:

  • Once you've purchased your SNS, you can transfer it to your personal cryptocurrency wallet for secure storage.

Using a reliable and secure wallet like Trust Wallet ensures the safety of your Synesis One tokens.

How to buy Synesis One?

To buy Synesis One (SNS) tokens, you can follow these steps:

Buying Synesis One (SNS) on Centralized Exchanges (CEX)
  1. Register and Verify an Account:

    • Sign up on a centralized exchange (CEX) that supports Synesis One trading, such as Huobi, BitMart, XT.COM, or CoinEx.
    • Verify your identity and secure your account by enabling two-step verification.
  2. Buy Base Currency:

    • Use fiat to purchase a base currency like USDT, ETH, or BNB, depending on the available trading pairs for Synesis One.
  3. Transfer Base Currency:

  • If the CEX you're using supports both the base currency and Synesis One trading, you can proceed to trade. Otherwise, transfer the base currency to a CEX that supports Synesis One trading.
  1. Buy Synesis One:
    • Use the base currency to buy Synesis One in the spot market.
Buying Synesis One (SNS) on Decentralized Exchanges (DEX)
  1. Choose a DEX:

    • Select a DEX that supports the blockchain where Synesis One is listed, such as Uniswap (Ethereum Blockchain) or Pancakeswap (Binance Smart Chain).
  2. Buy Mainnet Currency:

    • Purchase the mainnet cryptocurrency corresponding to the DEX you've chosen (e.g., ETH for Uniswap or BNB for Pancakeswap).
  3. Set Up a Wallet:

  • Download and set up a crypto wallet like Trust Wallet, ensuring you have the correct wallet address and seed phrase.
  1. Connect to DEX:

    • Connect your wallet to the chosen DEX, using your wallet address.
  2. Swap for Synesis One:

    • Swap your mainnet currency for Synesis One on the DEX.
Additional Tips
  • Ensure the CEX or DEX you're using supports Synesis One trading and the desired trading pair.
  • Be cautious of scams and verify the official smart contract address if needed.
  • Keep your seed phrase and wallet address secure.
  • Consider storing your Synesis One in a cold wallet for long-term holding.
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