Litepaper

View the litepaper here.

Sensay Token Litepaper

Executive Summary
Use Case: The Challenge of Dementia
Digital Replication for Dementia
Market Analysis
The $SNSY Token
Tokenomics
Staking and Rewards
Governance and Community
Roadmap
Vision & Future

Disclaimer This document and any other documents published in association with this whitepaper relate to a potential token offering (i.e. the SNSY token) to persons (contributors) in respect of the intended development and use of the platform by various participants. This document does not constitute an offer of securities or a promotion, invitation or solicitation for investment purposes. The terms of the contribution are not intended to be a financial services offering document or a prospectus.

The token offering involves and relates to the development and use of experimental software and technologies that may not come to fruition or achieve the objectives specified in this litepaper. The purchase of tokens represents a high risk to any contributors. Tokens do not represent equity, shares, units, royalties or rights to capital, profit or income in the network or software or in the entity that issues tokens or any other company or intellectual property associated with the network or any other public or private enterprise, corporation, foundation or other entity in any jurisdiction.

The token is not therefore intended to represent a security interest.

Introduction

You, Forever.

Unlock the potential of Digital Immortality with Sensay. We are pioneering the creation of autonomous digital replicas, a bold step towards your digital twin. This venture is not just a technological leap but also a new chapter in how we perceive identity and legacy in the digital era.

At Sensay, we understand the profound impact digital technology has on our lives. Our mission is to harness this power to create digital replicas that are not mere imitations but dynamic, evolving entities. These replicas, built using cutting-edge AI and machine learning algorithms, are designed to think, evolve, and interact autonomously, offering a unique continuity of personal presence.

I invite you to be part of this groundbreaking journey.

Dan Thomson Founder, Sensay

1. Executive Summary

Sensay’s cutting-edge technology creates lifelike digital replicas, offering limitless potential for everyone in the digital age.

On the long road to Digital Immortality, Sensay’s autonomous digital replicas have an endless range of possible applications from dementia care, education, matchmaking, fan engagement, gaming, job hunting, travel planning, corporate memory, brand engagement and so much more…

Preserved Memory: Digital AI replicas can preserve stories, experience, and knowledge that would otherwise be lost when older generations pass away. Stories can be shared by generations across millennia through interactive family trees. Try it out now at sensay.io

Customized Learning and Development: Digital AI replicas can personalize learning and development initiatives in organizations. By replicating experts in various fields, Sensay can provide tailored training and development programs. This could revolutionize the way knowledge is transferred within organizations, leading to more effective and efficient training processes.

Expertise on Demand: AI replicas of industry experts or thought leaders could provide on-demand advice and consultation. This can be particularly valuable in fields like law, medicine, finance, or technology, where expert knowledge is highly sought after. Such a service will be monetized, offering a cheaper and more accessible alternative to traditional consultancy. Learn to cook with Gordon Ramsay.

Enhanced Customer Support: Integrating AI replicas in customer support will provide customers with personalized and knowledgeable assistance. Unlike standard chatbots, these replicas will offer more in-depth and context-aware responses, enhancing customer satisfaction and engagement. Chat to George Clooney about Nespresso

Innovative Marketing and Sales Tools: Sensay replicas can be used in marketing and sales to provide detailed product knowledge or to simulate real-life scenarios. This can enhance customer experience and engagement, leading to increased sales and customer loyalty.

Data and Knowledge Monetization: The data collected from the interactions with AI replicas can be analyzed to gain insights into customer behavior, market trends, and other valuable information. This data can be monetized or used to improve business strategies and operations.

Posthumous Knowledge Preservation and Continuity: In academic and research contexts, AI replicas of prominent figures could continue to educate and inspire long after their creators have passed away. This could open new avenues in preserving and utilizing intellectual legacies.

The potential use cases for digital twins are endless. It’s a version of you that can act on your behalf for any task and interact with anyone, forever. Sensay uses blockchain technology to ensure that you are in control of your replica. Sensay empowers users to monetize their unique knowledge beyond their physical body and available time, transforming personal journeys into tangible assets.

An integral part of Sensay's growth, the $SNSY token enables you to be a part of our journey to Digital Immortality. As a $SNSY token holder, you'll get early access to the latest developments, gain access to exclusive rewards, and use your tokens within the Sensay platform.

Our Litepaper outlines the transformative role of $SNSY, enabling individuals to preserve and value their legacies. Join us on this journey where innovation meets compassion.

2. Use Case: Digital Intellectual Capital Creation & Monetization

In today's digital landscape, authorized AI replicas present a groundbreaking opportunity for public figures, educators, and content creators to amplify their reach and impact. These digital avatars, capable of intelligent and personalized interactions, unlock a new dimension of digital intellectual capital, offering transformative ways to engage with audiences and cultivate unique value.

Interactivity and Personalization Through AI Replicas:

AI replicas enable a deeper, more engaging connection with audiences. Unlike traditional social media interactions, these digital twins can converse with followers around the clock, providing expert opinions, educational content, or tailored insights. This heightened level of interaction not only enriches the audience experience but also forges stronger bonds between public figures and their followers.

Diversified Monetization Opportunities:

The monetization possibilities with AI replicas are diverse and significant. Educators can use these replicas for premium Q&A sessions, offering exclusive, personalized advice or insights. For educators, there's the potential to develop and market custom learning packages, tapping into their expertise in a scalable way. Additionally, AI replicas offer a novel platform for brand collaborations, where they can organically integrate promotional content, creating a unique value proposition for both brands and influencers.

Expanding Beyond Traditional Markets:

The integration of AI replicas in social media and digital platforms marks a shift in the knowledge economy. It's not just about tapping into existing markets but creating new ones. These digital entities can cater to various needs, from educational content to entertainment, positioning themselves as invaluable assets in both existing and emerging markets.

Enhanced Brand Presence and Audience Engagement:

For public figures and content creators, AI replicas represent an extension of their brand, enabling continuous and dynamic engagement with their audience. This ongoing interaction opens up new channels for monetization and brand enhancement. Furthermore, the ability to lead webinars and online events through AI replicas provides an innovative platform to share expertise with a wider audience, adding value in the realms of education and entertainment.

3. Use Case: Digital Replication for Dementia

Amongst the wide range of applications for digital replication technology, we have identified one particular niche that has a more urgent need for this service. Dementia affects 1 in 6 adults over the age of 60, which directly or indirectly affects many of us today. This is why the team compassionately believes that helping dementia patients and their families is the right thing to do.

The key challenges facing patients and loved ones are:

Memory Loss: Dementia and Alzheimer’s lead to the loss of cherished memories, necessitating accessible solutions to preserve these vital stories.

Emotional and Social Isolation: Those with dementia frequently face loneliness, exacerbating the condition's impact.

Daily Tasks & Personalization of Care: Dementia's varied effects demand customized care, which is challenging and resource-intensive to provide.

Dementia in Numbers: Dementia affects 55 million individuals worldwide, profoundly impacting memory, cognitive abilities, and emotional well-being. In the U.S., 10.7% of adults aged 65 and older are living with Alzheimer's. The annual cost per individual with dementia in the U.S. is around $393,000, with national costs projected to exceed $1 trillion by 2050. Over 11 million Americans provide unpaid dementia care, facing substantial emotional and financial burdens. About 5-6% of Alzheimer's patients are diagnosed before the age of 65. The average cost of dementia is $40,000 per patient per year.

In the face of these challenges, we invite you to learn more about how Sensay is making a difference in the world of dementia care. Together, we can tackle these challenges and improve the lives of millions affected by dementia.

At Sensay, our approach to dementia care is rooted in empathy, personalization, and technological innovation. Our platform leverages advanced AI to create digital experiences that are deeply resonant and meaningful for individuals with dementia and their families.

Digital Replication of Memories: Using AI, Sensay reconstructs key memories of users by digitally replicating voices, images, and even personalities of their loved ones. This helps in maintaining a sense of connection and familiarity for the users.

Interactive AI Companions: Sensay offers AI-powered companions that engage users in conversations, reminiscence therapy, and interactive activities, tailored to their personal history and preferences.

Cognitive Stimulation: Regular cognitive exercises and personalized activities designed to slow the progression of dementia symptoms, adapted to each user’s unique needs and abilities.

Support for Caregivers: Resources and tools are provided to caregivers to manage stress, track the patient’s progress, and facilitate effective care strategies.

Sensay is not just a tool for managing dementia but a comprehensive companion that enhances the quality of life for those affected by this condition.

4. Market Analysis

The knowledge market size is approximately USD 650 billion and is estimated to reach USD 4 trillion by 2033, with a CAGR of around 19.9%, Business Research Insights According to Emergen Research, the global market for digital humans will grow from $10 billion in 2020 to about $530 billion in 2030. That’s without any niche applications of the technology.

4.1 Utilizing authorized AI replicas to create and monetize digital intellectual capital:

Target Group: Influencers, experts, educators, celebrities, and thought leaders with significant social media followings.

Application: Offering unique, personalized, and intelligent content generated by AI replicas on social media platforms.

Monetization Strategies:

Intellectual Content Subscription Usage: Subscribers gain access to exclusive, high-quality content like personalized educational materials, expert opinions, or industry insights created by AI replicas. Revenue Projections: Assuming a monthly subscription fee ranging from $10 to $100, with a 1% conversion rate on a follower base of 1 million, potential monthly revenue ranges from $100,000 to $1 million.

Premium Q&A Sessions Usage: Users pay for personalized interaction sessions with AI replicas for expert advice or insights. Revenue Projections: Charging $20 to $100 per session, with an average of 100 sessions daily, can generate $2,000 to $10,000 per day, equating to $60,000 to $300,000 monthly.

Customized Learning and Development Packages Usage: Developing tailored learning modules or training programs for both individuals and organizations, leveraging the expertise of the AI replica. Revenue Projections: Depending on the depth and complexity, packages can be priced between $500 and $5,000, with potential monthly earnings in the tens of thousands.

Sponsored Intellectual Collaborations Usage: Collaborations where AI replicas integrate brand or product information into their intellectual content in an organic manner. Revenue Projections: Depending on the influencer’s reach and engagement rates, a single sponsored collaboration could yield $5,000 to $50,000.

Exclusive Webinars and Online Events Usage: Hosting webinars or online events led by AI replicas on niche topics, charging for attendance. Revenue Projections: Ticket prices ranging from $50 to $500, with hundreds of attendees per event, can generate substantial revenue.

Global Market Potential: AI in Social Media: Projected to grow to $2.1 billion by 2023. With a focus on intellectual content, a significant portion of this market can be tapped. E-Learning Market: Expected to reach $374.3 billion by 2026 (Research and Markets). AI-driven educational content can capture a share of this market.

4.2 Sensay replicas in the dementia market:

The global dementia care market presents a significant opportunity, driven by an increasing aging population and the rising prevalence of dementia-related illnesses.

Over 22 million dementia patients live in high-income nations, combined with 11 million voluntary caregivers and millions of affected family members. With the average cost of dementia care over $40,000 per year, Sensay’s replication and care technology shows huge potential for growth in this $1.3 trillion market. The Dementia target market includes:

Dementia Patients and Their Families: Individuals diagnosed with dementia and their caregivers form the core user base, seeking solutions to preserve memories and maintain connections.

Healthcare Providers and Institutions: Hospitals, clinics, and residential care facilities are potential users, integrating Sensay's technology to enhance patient care and support caregiver training.

Educational Institutions and Researchers: Utilizing digital replicas for educational purposes or research into dementia care and digital replication technology.

5. The $SNSY Token

The $SNSY token is an Ethereum-based digital asset designed to facilitate transactions with the Sensay platform, access Sensay services, grow our platform, empower data ownership, and give exclusive access to unique features.

Subscriptions: The Sensay token can be used to pay for subscriptions with a discount on the normal pricing. This includes creating replicas of loved ones, exclusive interactions with AI-generated historical figures, and personalized memory recreation services.

Data, Knowledge & Replica Marketplace: Using the $SNSY token a marketplace will be created for the Replicas and the data they contain. This will enable users to buy and sell proprietary information, skills, and knowledge held by their Replica. Likewise, the rights to the Replica itself could be traded in the marketplace as an NFT.

Platform Interactions: Various platform interactions will use the $SNSY token. This includes incentivizing replica creators to promote their replicas for interactions and be rewarded.

Staking: Token holders can stake $SNSY to earn rewards and participate in governance. Rewards will be generated from platform performance and overall growth.

Rewarding Participation: Users and caregivers can earn tokens through active participation, such as using the app, contributing to the community, sharing insights, or participating in surveys, joining events and providing feedback.

Governance and Voting: Token holders can vote on platform decisions, including certain new features, partnerships, and community projects, giving them a voice in the platform’s evolution.

Access to exclusive investor community events and opportunities: Token holders will be invited to participate in exclusive community events. The token may be used for certain community events as incentives for active participation. Token holders will be given the first access to future opportunities, including investment opportunities in Sensay.

Philanthropic Initiatives: Tokens can be donated to offer subscriptions to the Sensay platform for individuals from lower-income communities.

Further Blockchain Implementations within the Sensay Platform:

Decentralized Identity: In a future where digital replication is possible and the Replicas are indistinguishable online from the person they represent, a form of verifiable authorization will become essential. For this purpose, we will integrate certain Web3 Identification services like WorldID by Worldcoin, ENS, PolygonID, or HyperID.

Decentralized data storage & ZKML: Due to the sensitive nature of the data the Sensay platform collects, decentralized data storage and Zero Knowledge Machine Learning may be integrated into the Sensay platform to improve security and privacy.

6. Tokenomics

The tokenomics of the $SNSY token are designed to create a sustainable and thriving platform within Sensay, supporting our mission in digital replication. The $SNSY token sale and distribution will be done via a fair public sale. There will be no pre-sale or private sale.

Launch Date: Q1 2024 Sale Duration: 3 weeks Launch Price: $0.001 per token. Purchase Limits: Minimum $100, Maximum $200,000 per participant. Network: Ethereum Primary DEX: Uniswap

** Participation Requirements: Participants must register an account on Sensay.io to be whitelisted for the launch. Participants must use an ERC20-compatible wallet. Excludes participants from specified restricted countries. As of December 2023, the list of restricted countries is China, Egypt, Iraq, Qatar, Oman, Morocco, Algeria, Tunisia, Bangladesh, Iran, Kazakhstan, Saudi Arabia, Turkey, Vietnam, India, Nepal, North Macedonia, and the United States of America.

Sensay plans to list $SNSY tokens on major cryptocurrency exchanges to ensure liquidity. We will actively manage the token's presence on these exchanges through market-making strategies and partnerships.

Allocation: Public Sale: 20% (2,000,000,000 tokens) to foster widespread community involvement. Platform Development: 15% (1,500,000,000 tokens) for ongoing enhancements and features development of the Sensay platform. Monthly unlock over 48 months. Team and Advisors: 10% (1,000,000,000 tokens) with a 6-month cliff and vesting period of 4 years to ensure long-term commitment. 5% (50,000,000 tokens) will be distributed at public sale. Future Team: 10% (1,000,000,000 tokens) to be offered to future employees, advisors, and team members as incentives, salary and bonuses. Vesting over 4 years. Community Incentives: 10% (1,000,000,000 tokens) for user engagement, staking rewards, and community growth. Partnerships and Collaborations: 5% (500,000,000 tokens) to build and strengthen the Sensay network. Monthly unlock over 48 months. Marketing: 10% (1,000,000,000 tokens) for broad-scale marketing and promotional activities to achieve aggressive growth and brand awareness. Including social to earn, and learn to earn initiatives. Exchange Listings: 5% (500,000,000 tokens) to ensure liquidity and accessibility across cryptocurrency exchanges. Monthly unlock over 48 months. Reserve Fund: 15% (1,500,000,000 tokens) set aside for unforeseen expenses, contingencies, and strategic initiatives. Monthly unlock over 48 months.

Token Mechanisms:

Deflationary Supply: The $SNSY token has a fixed supply of 10,000,000,000. Tokens may be burned from time to time as part of community activities, or business operations.

Liquidity Provision: Tokens may be used within the Sensay platform to purchase subscriptions and other goods and services within the platform. A portion of these tokens will be locked into official DEX. The LP token for this locked liquidity will be kept indefinitely in the Sensay Treasury.

Rewards: Following the expiration of the rewards token allocation of $SNSY, a portion of revenues may be used to purchase $SNSY tokens from the market to be used for Staking and Contributor rewards within the Sensay platform.

Anti-Sniper Bots: Initial Hourly Buy Limit: For the first 24 hours post-launch, there will be a maximum buy limit per wallet. No wallet can purchase more than 0.5% of the total supply within an hour. This prevents bots from accumulating large quantities right at the launch.

Smart Contract with Anti-Bot Code: We will implement a smart contract feature that analyzes transaction patterns in real-time. If a transaction is flagged as potential bot activity (like trying to buy and sell large quantities in quick succession), it will automatically reject or limit the transaction.

Team & Advisor Vesting Schedules: A 36-month vesting schedule with a 6-month cliff. This means for the first 180 days, no tokens are vested.

Influencer Participants and Marketing Allocations: A 12-month vesting period with a 3-month cliff. For the first three months, no tokens are vested. After this period, tokens are vested and released monthly, reducing any impact on the market.

7. Staking and Rewards

The $SNSY token is designed to enrich the Sensay platform, offering multiple avenues for users, caregivers, community and investors to engage and benefit. Staking is a key component in the $SNSY token platform, providing a mechanism for users to earn rewards and participate more deeply in the Sensay platform.

$SNSY holders can stake their tokens to earn more $SNSY generated from transactions and activities within the Sensay platform.

Participation in governance on the platform will be done via our staking platform.

Additional rewards may be allocated to stakers from time to time as part of community incentives.

Staking rewards will be available during the initial months to encourage investors to stake their tokens rather than sell them.

Time-locked staking: There will be no mandatory lockup period or withdrawal lock. An optional lockup period can be chosen by the user to boost their rewards via a points-based system.

Tiered staking system: For each $SNSY token staked the user will be allocated 1 point. Users who lock their stake in for 1 month will be allocated 50% additional points. Users who lock in for 6-months will be allocated 300% additional points. This ‘tronc’ of points will be how the distribution of pooled $SNSY will be shared to staked token holders.

Stakers therefore earn a percentage of rewards generated from various platform activities, such as withdrawals, governance, and other additions to the staking pool.

Unstaking and Liquidity: If a user locks in for any period of time, they will incur a fee for early withdrawal. This fee will be relative to the amount of time left in the lock-up period. With a maximum of 50% fee. For example, if a user locks their staked $SNSY for 30 days and wishes to withdraw early after 20 days, with 10 days remaining of their stake, or 33% of the time. Then they will incur a fee of 33% of their staked assets to do so. Any fees will be redistributed to the staking rewards pool.

8. Governance and Community Engagement

Token Holders are at the heart of Sensay’s governance. The primary role involves voting on decisions, including platform updates, strategic partnerships, and community changes. Token holders will have varying voting weights based on the number of tokens staked, ensuring a balanced and fair representation of active participants in the platform. The number of tokens held by an individual directly correlates to their voting power.

Process for Proposals and Voting: Token holders can propose initiatives through a dedicated portal. Proposals require a minimum support threshold from the community to move forward to a vote.

Voting is conducted on a secure section of our staking platform, ensuring transparency and integrity. Votes are tallied based on the weight of tokens staked, and outcomes are implemented based on majority decisions. Some decisions may require a supermajority. Decisions may also require minimum participation from the community to be validated.

Community Engagement: Digital forums will be established for open discussions, feedback, and suggestions from the community. These forums will be moderated to maintain constructive and respectful dialogue. Official channels will be indicated by the Sensay website.

Regular virtual town hall meetings and AMAs will be conducted, allowing direct interaction between the Sensay team, token holders, and community members. These sessions aim to foster a sense of community and provide updates on the platform’s progress.

Regular, comprehensive reports will be published, detailing platform developments, voting outcomes, and executive decisions. This ensures transparency and accountability in Sensay’s operations, ensuring they are well-informed about Sensay’s trajectory.

Participation in exclusive events, such as beta testing of new features, seminars with industry leaders, and networking events, will be a privilege for token holders.

9. Roadmap:

The Sensay roadmap outlines a strategic and phased approach to the development of the Sensay platform and integration of the $SNSY token and the expansion of the Sensay community. A few of the key milestones are:

Launch a pilot program with 10 public figures with a significant social media following. Achieve a 0.5% market share in the AI-driven content creation segment Establish and implement a comprehensive intellectual property rights framework for AI-generated content. Target a 1% market share among public figures and social media account owners Achieving a 1% market share of high-income dementia patients using Sensay (220,000 users) leading to over $40m ARR. Development, public sale and integration of the token into the Sensay platform for transactions and access to features. Driving of platform development and expansion to international markets Expansion into new use cases and markets. Replication to include video, AR and VR outputs. API development to enable Sensay to integrate into third party platforms. Native iOS and Android app deployment Monetisation opportunities for replicas Development of advanced AI & ML algorithms capable of creating digital replicas of any individual. Autonomous Digital Replicas with Decentralized Identity Verification via blockchain Increase market share in the subscription and Q&A segment by 2% within the first year of full release. Launch customized learning modules aiming for a 1% market share in the e-learning sector. Form brand partnerships for sponsored intellectual collaborations, aiming for a 1% market share in influencer marketing. Host exclusive webinars and online events, targeting a 1% market share in the online events industry. Expand service offerings to international markets, focusing on achieving a 1% market share in new regions. Secure a 2% market share in the global AI social media segment after international expansion. Enhance AI algorithms to capture a larger share in the AI personalization market. Penetrate new industries with AI replicas, targeting a 1% market share in each new sector.

10. Vision & Future

The purchase and use of $SNSY tokens empower you to be an active participant in this revolution. Your investment allows Sensay to continue to enhance its AI, expand its reach, and diversify its features. Moreover, staking your tokens opens up a world of privileges and influence – from accessing exclusive content to having a say in future developments.

Each token purchased contributes to a ripple effect of positive change beyond dementia care, to the betterment of humanity and a whole new world of possibilities.

As we stand at this pivotal moment, the $SNSY token is more than a token; it's a beacon of hope. It's a chance for you to be part of a story where technology and humanity converge to create a better tomorrow for millions. Join us in this journey, support the $SNSY token, and be a part of revolutionizing dementia care, and a step towards autonomous digital replicas for everyone.

Contact Information

Token Page: snsy.ai

Platform Website: sensay.io

Email: info@sensay.io

Social Media: @asksensay

All Community Links: linktr.ee/asksensay