Synesis One SNSPrice $ 0.0000865

Synesis One is a Web3 data utility and NFT marketplace for AI. It is the symbiosis of SynesisDAO and Kanon Exchange, powered by the governance token, Synesis, and semi-fungible data token, Kanon. SynesisDAO is a decentralized autonomous organization (DAO) of ontology contributors, data traders, and ontology consumers. It crowdsources ontologies in natural language format and aggregates them immutably as a permissionless public data utility accessible by any AI system. Mind AI, the world’s first natural language reasoning AI, with its novel data structures, canonicals, will be its first beneficiary and ontology consumer. 

Synesis One will operate in a cross-chain environment. Smart contracts for Synesis One V1 will be deployed on the Solana Blockchain (SOL) to conserve gas costs, with future deployments on other chains to follow.

The expected revenue source for Synesis One is fivefold:

• Mining fee paid by AI companies

• Trading fees from Kanon Exchange (2.5% per trade)

• Creator royalties from all Kanons minted (2.5% per trade)

• DeFi related service fees, and its treasury at genesis. The treasury will fund software development, business development, marketing, and more. The Synesis Foundation will fund an Ethics Board and grants.

Synesis One uses a dual token economic system to power two inter-dependent operational areas with different missions: SynesisDAO + Kanon Exchange. 

• SNS is a right to participate and vote. It powers SynesisDAO.

• Kanon is a collectible with a reward. It supplies a means of exchange to Kanon Exchange.