Kanon NFTs and the Synesis Relevance Index
Kanon NFTs are designed to have two income-generating features. First, Kanon holders can earn actively by staking their Kanons into the Train2Earn app and participating in Train2Earn campaigns. Kanon holders can actively earn rewards by completing various micro-tasks that help create training datasets for AI. This feature has been live since our launch on Solana Mainnet last August.
Second, Kanon holders can claim passive rewards based on the word they own. This is where the Synesis Relevance Index, or simply SRI, comes into play. SRI measures how frequently the unique words on each Kanon NFTs are accessed by the Mind AI engine, our sister company and first client. Each Kanon NFT entitles its holder to a right to claim passive SNS rewards. The total claimable amount in each period will be determined by the Synesis Relevancy Index Score (SRIS) or the ranking of the word.
Where are the passive rewards coming from?
The passive reward for SRI is funded by the platform fee that we charge to AI clients. Out of the 20% platform fee that we charge, 10% of the platform fee is allocated toward passive rewards (in other words, 2% of the campaign budget).
Announcing the all new SRI v1
Our team has been hard at work to launch the SRI feature, and we are pleased to announce the launch of SRI v1! This first version of the SRI feature will not be connected to the Mind AI engine, so the ranking of the word usage will be from Google’s Ngram Viewer. Here’s a link to the Google Sheet we’ve created that ranks the Kanon NFTs that are currently staked.
How to claim your passive rewards:
• In order to earn passive rewards, every Kanon NFT holder must stake the NFT into either the Train2Earn app or the Guild Management System. Your passive reward for each month will be based on not only the SRI ranking of your word, but also the duration that your NFT is staked for the month.
• At the start of each month, eligible Kanon holders will be able to claim their share of the pool at Kanon Exchange. You connect your wallet, then navigate to My Pages > My Earnings to claim your passive rewards.
• This is NOT an airdrop. Each Kanon holder must CLAIM the rewards.
• Each NFT holder has until the last day of each month to claim the rewards. If you do not claim by the last day, you will no longer be able to claim.
• All unclaimed rewards will roll over to the next month’s passive reward pool.
Future versions of the SRI
The team will continue to work on improving the SRI feature as we obtain more user data and feedback. Our end goal is to connect the SRI feature to the frequency of word usage by Mind AI.
