Today's free coin of the day is Synapse AI. Synapse AI is a decentralized artificial intelligence network that rewards people and company for contributing data to the network.
It's a little hard to read the image above, so I'll summarize what I feel is important from the description of what Synapse AI is:
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.
To sum it up, you and I can earn SYN coins by sharing data, whether images, Netflix habits, or personal information.
The Coin
I like to evaluate the actual use of the coin and if it's needed, or even useful in some cases, before spending a few minutes of my time entering an airdrop. If a company has no use for a coin, they shouldn't be using one.
Synapse AI is creating a marketplace for our data and using their coin (SYN) for rewards and payments. It's pretty clear how this coin will be used and I think this type of use will be very strong for their project.
Potential
Each of us has data that is of value to companies. In the past, companies have found ways to acquire this data without paying us for it. This marketplace rewards people like you and I by giving us money (coins) in exchange for our data. That simple concept has huge potential.
The one major roadblock I see with this project lies in the fact that companies have traditionally acquired this information in a very different way, from surveys to finding practically free ways to acquire it. Synapse AI should be able to provide a better and more efficient way to acquire this information for the companies using their marketplace, but they have to be able to make that clear to the organizations that will be paying for this information.
Out of all of the FCOTD coins I've covered (I believe this is #15), I believe this may have the most potential because it solves a problem for people and companies, and helps a mass amount of people to earn money in a way previously (nearly) impossible.
Airdrop Requirements
This is not a traditional airdrop. You will receive your tokens (although not immediately transferable) upon signing up for a basic account. Provide your name, email, and create a password. After verifying your email, you will see your 50 SYN in your new account.
See the video below for a walkthrough.
Walkthrough
Links
As with all projects, cryptos, and ICOs, make sure you are using the right links and not visiting spam domains created as a scam. Airdrops and bounties give free coins in exchange for trying out a new platform, signing up for a newsletter, etc.
You do not have to purchase coins to be eligible for this coin giveaway. Airdrops/bounties are separate from ICOs where you are paying money (sending cryptocurrency) in exchange for coins that will be sent to your wallet once their sale is complete. For an airdrop/bounty/signing up for a beta, you should ONLY provide your public key and not send any coins to anyone. Here are the links for this project and airdrop:
Homepage: https://synapse.ai/
Signup Here (referral link): https://tokensale.synapse.ai/r/19001
Non-referral Link: https://tokensale.synapse.ai/buy
Whitepaper: https://s3.amazonaws.com/synapseai/whitepaper/whitepaper.pdf
Video Explanation of Synapse and what they're doing:
What Is Free Coin of the Day?
Free Coin of the Day (FCOTD) is a new effort I'm launching to help other amateur cryptocurrency enthusiasts like myself get involved in cryptos without having to spend thousands of dollars. Each day we'll pick one coin to cover, and I'll give you specifics on how to earn that coin for free. Please upvote this post and follow me if you're interested in joining this new effort.
Get More Free Coins
This is the 15th #FCOTD post. I released a little early since tomorrow is Valentine's Day and I want to spend time with the family instead of posting all day. Past free coins that you may or may not still be able to grab include:
Dock.io: https://steemit.com/airdrop/@michaelluchies/free-coin-of-the-day-2-12-18-dock-io-s-simple-bounty-program-how-to-enter
What is an Airdrop? Watch My Explanation Below
