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About SnipsAIR(Snips AIR)

What problem does Snips AIR Token Sale solve? (or: what human need does it satisfy?) and how exactly does it do so?

Existing voice assistants represent everything wrong with the internet today: they use open-source software, but don’t contribute. They centralize all our personal data in one place, making us all vulnerable to mass surveillance and hacking. They exploit and monetize our personal data without giving us anything in exchange. They put at risk our privacy and that of our families. They exploit developers without caring about their future, asking them to publish their products on app stores before arbitrarily kicking them out.

Decentralizing voice assistants is how we can fix this. Snips AIR is a network of devices collaborating to form a mesh of AI assistants. This enables your entire home to be seamlessly voice-enabled, while protecting your family’s privacy. As Snips AIR runs locally without any voice data being sent to the cloud, no one can spy on you or your kids, keeping your home private as it should be. By processing data on device, we don’t need to send it to the cloud. By using a blockchain to decentralize machine learning, we can reward users for their data, without ever actually access it. By using a token to power our app store, we can let the community decide what is built and by whom. Basically, Snips would know nothing about its users, nothing about their lives, and have no say in what people can do with their assistant.

How is the idea monetized? How do the token holders profit?

Snips AIR cannot exist without the token on which it is based. Decentralizing the entire Snips voice ecosystem requires using tokens at every level, from training the model to running the decentralized Snips app store. The AIR tokens is used to govern and interact with the Snips AIR network and Snips AIR consumer products. As such, it is classified as a utility token, and does not give any rights as to Snips SAS (the company producing the tokens) or any of its subsidiaries.

The AIR tokens, whether purchased through the token sale, earned via our bounty programs, or acquired through any other means has multiple utilities:

-governance of the network (voting for block producers, software updates)

-app store (purchasing apps, curation, app publication, reviewing)

-machine learning (processing data, training models, contributing data)

-data generation (producing data, purchasing data)

Like any product feature, the tokenomics presented in the various documentations will be iterated on over time, and are not designed to guarantee any kind of return. They were built to maximize the product value over time and ensure active participation from the self-governed Snips AIR community.

Other Important Info

Our token sale is designed to be as fair and inclusive as possible, which means:

-enabling as many people as possible to participate, even if they don’t currently hold cryptocurrencies;

-making the purchasing process as seamless as possible, even for non tech-savvy buyers;

-prioritizing those that want to help build Snips, such as our developer community, evangelists and future users;

-protecting against “pump and dump” schemes that would be detrimental to the economy that we are creating long-term.

You should only consider participating in our token sale if you believe in Privacy as much as we do and are not afraid of holding onto your tokens during the time we are building the very product you are backing!

Team

SnipsAIR's team members.

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Tokenomics

Token Info

Available tokens: 48% Price: €0.026 = 1 Snips AIR token Soft Cap: 1 billion Snips AIR tokens (€13 million) Hard Cap: 4.8 billion Snips AIR tokens (€62 million) Buy with: EUR, BTC, BCH, ETH, EOS Platform: Own Blockchain Location: France Restricted: China

Other Info

MVP/Prototype: Yes Escrow: Yes Category: Internet of Things

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What problem does Snips AIR Token Sale solve? (or: what human need does it satisfy?) and how exactly does it do so?

Existing voice assistants represent everything wrong with the internet today: they use open-source software, but don’t contribute. They centralize all our personal data in one place, making us all vulnerable to mass surveillance and hacking. They exploit and monetize our personal data without giving us anything in exchange. They put at risk our privacy and that of our families. They exploit developers without caring about their future, asking them to publish their products on app stores before arbitrarily kicking them out.

Decentralizing voice assistants is how we can fix this. Snips AIR is a network of devices collaborating to form a mesh of AI assistants. This enables your entire home to be seamlessly voice-enabled, while protecting your family’s privacy. As Snips AIR runs locally without any voice data being sent to the cloud, no one can spy on you or your kids, keeping your home private as it should be. By processing data on device, we don’t need to send it to the cloud. By using a blockchain to decentralize machine learning, we can reward users for their data, without ever actually access it. By using a token to power our app store, we can let the community decide what is built and by whom. Basically, Snips would know nothing about its users, nothing about their lives, and have no say in what people can do with their assistant.

How is the idea monetized? How do the token holders profit?

Snips AIR cannot exist without the token on which it is based. Decentralizing the entire Snips voice ecosystem requires using tokens at every level, from training the model to running the decentralized Snips app store. The AIR tokens is used to govern and interact with the Snips AIR network and Snips AIR consumer products. As such, it is classified as a utility token, and does not give any rights as to Snips SAS (the company producing the tokens) or any of its subsidiaries.

The AIR tokens, whether purchased through the token sale, earned via our bounty programs, or acquired through any other means has multiple utilities:

-governance of the network (voting for block producers, software updates)

-app store (purchasing apps, curation, app publication, reviewing)

-machine learning (processing data, training models, contributing data)

-data generation (producing data, purchasing data)

Like any product feature, the tokenomics presented in the various documentations will be iterated on over time, and are not designed to guarantee any kind of return. They were built to maximize the product value over time and ensure active participation from the self-governed Snips AIR community.

Other Important Info

Our token sale is designed to be as fair and inclusive as possible, which means:

-enabling as many people as possible to participate, even if they don’t currently hold cryptocurrencies;

-making the purchasing process as seamless as possible, even for non tech-savvy buyers;

-prioritizing those that want to help build Snips, such as our developer community, evangelists and future users;

-protecting against “pump and dump” schemes that would be detrimental to the economy that we are creating long-term.

You should only consider participating in our token sale if you believe in Privacy as much as we do and are not afraid of holding onto your tokens during the time we are building the very product you are backing!

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