Synthetix Network Token SNX to Sentient Coin SEN Exchange

Crypto Pair Details: SNX to SEN

Synthetix Network Token SNX

Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on November 30, 2018. Synthetix is led by a multidisciplinary team of 13 individuals. The project was founded by Kain Warwick, who previously co-founded blueshyft, one of the largest digital payment networks in Australia. The CTO is Justin Moses, who also serves as the Director of Engineering at MongoDB. Synthetix aims to address the problem that companies running centralized payment networks such as PayPal, credit card networks, or the SWIFT banking network have “absolute control over the value within the network, so any transaction conducted within them may be blocked or reversed at any time.” According to the Synthetix white paper, “Although this is ostensibly designed to protect users, it introduces systemic risk for all participants. If the network is compromised or its owners cease to behave benevolently, no party can trust that the value in their account is secure or accessible.” This is theorized to work because anyone who holds SNX tokens in escrow will be incentivized by Synthetix rewards derived from network transaction fees that will be distributed “in proportion with how well each issuer maintains the correct Synths supply.” When a Synthetix escrow user puts their SNX in escrow, USD-stabilized Synths will be automatically put up for sale on a decentralized exchange at a price of $1 USD. To release escrowed SNX, the user must buy back the Synths issued (also at a price of $1 USD) at which point the Synths will be burned. The Synthetix system uses an algorithm to adjust network fees, and therefore dividends, to SNX holders to incentivize (or disincentivize) the holding of SNX in escrow smart contracts, and thus, the creation of Synths. The theory is that this will cause users to mint and burn Synths in the appropriate amount based solely on supply and demand.

Sentient Coin SEN

Consensus is the open-sourced, decentralized artificial intelligence platform, powered by native cryptocurrency, and built with the vision to improve the governance mechanisms at all levels of organizational structures: community, startup, non-profit, enterprise, city, county or the entire country. Once fully realized, Consensus AI will be able to offer automated, data-driven solutions to the most complex problems of our collective co-existence by modelling the potential outcomes of proposed changes. Consensus will help govern communities, societies and countries in a more cost efficient, transparent and progressive manner. This will be implemented via collective voting, initiatives proposal and funding, execution reporting and intelligent algorithms that will perform project analysis and model the outcomes with the efficiency, budgetary concerns, social, environmental and other factors under consideration. Mission The mission of Consensus is to achieve collective governance based on interdependence using advanced technologies. Abstract There are three main components to the Consensus system: the Sentient blockchain network built with verified nodes that allows running distributed machine learning, the Research Platform with extended data collection and modelling capabilities and the AI Advisor — a standalone system constantly monitoring and learning from the incoming available data that is used to make predictions. Later stages of development will include internally and externally built Dapps for various governance applications.

SOURCE: COINGECKO

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