Until now, people have given their data away to companies in exchange for centralized access to application and services. Examples include uploading and tagging photos, tracking and sharing your location and access to purchase history, to name a few.
To provide a fair and balanced intelligence available to all equally, we must create AI economies that any agent can participate in and receive some reward for doing so. Enter Synapse AI.
Synapse AI solves this problem by tokenizing an agent's work on the Synapse AI market using SYN utility tokens, thus facilitating an economy between participants and transferring value to those participants. This accelerates a system that grows beyond the means of capacity of any one single company or organization.
By opening this data and using machine learning models through decentralized marketplace formats on the blockchain, and by tokenizing contributors, we can create syndicates that provide the greatest benefit to users everywhere.
Attention. There is a risk that unverified members are not actually members of the team
SummaryData mining is the new oil rush. It’s already been going on for years, but most people haven’t realized it yet. Synapse AI is going to give consumers a way to take back control and sell their personal data and is going to provide a way for advertisers to make massive profits. This is definitely an ICO to watch out for!Positives Good Business Model: Synapse AI isn’t just another online wallet or fast cryptocurrency. It’s a whole new network that compensates consumers for what they’ve already been doing. Run By AI: Artificial Intelligence is the future. In most cases, they’re far quicker than people are. Synapse is embracing this. Multi-Device Compatability: Once completed, Synapse AI will be able to run on almost any handheld device or computer on the market. Negatives No Product Available: Since the ICO is so new, they don’t have a usable product available yet. They do, however, have a good team of developers working on it every day.
Synapse AI is seeking to build a decentralized marketplace for AI data, including the purchase and sale of user data for the development of machine learning applications. The marketplace will reward users for sharing data, while developers can buy data from the marketplace to develop better machine learning models.
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