Upcoming Kinic SNS Launch

Governance
42

The developers are already doing this :boom:. They are quite amazing.
There are no moats in web3. Power to the people!

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43

Now I have no objection, I will invest in SNS! Because I saw some website changes before answering, you guys just need to tell others about this, I think SNS will succeed.

44

This is very cool part of the roadmap.

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45

Iā€™ll add here that as part of the CanDB license that Kinic has with Origyn, Origyn will be an active participant in adding features to CanDB that Kinic needs. If we build an interconnected community in this way, our teams should ā€˜feelā€™ bigger.

8 Likes
46

Kinic DAOā€™s SNS-W proposal has been launched:

47

Bit cheeky to shill your product in this topic?

48

For Information - I asked a burning question here :: https://twitter.com/2vxsx_fae/status/1658788196795203593

Still waiting to hear how they are proving that all the necessary licences are paid for. Being honest - for me Kinic isnā€™t a good candidate for SNS launch. Too many off chain dependencies and human input needed to keep the cogs turning. It leaves me wondering what SNS will actually control?

I wish the team the best of luck. Keep building, keep your heart strong!

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49

I did not initiate the discussion.

Rather, it was Kinic who first expressed their opinion on Querioā€™s topic.

Therefore, my response was merely a form of reciprocation.

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50

ā€ŖKinic has signed a licensing agreement with the Origyn foundation to satisfy the terms of the license for a decentralization sale.ā€¬

It is transferable to the Kinic DAO after the SNS is complete.

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51

Well that is good to know, still they could have shared this to the community not just insiders :wink:

52

It was tweetedā€¦ the moment it happened.
Also it is in the open sourced code here ā†’ CanDB/license.md at beta Ā· ORIGYN-SA/CanDB Ā· GitHub

I think the only thing lacking may have been a post here.

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53

What do you think these are?
The FE and BE are 100% on-chain.

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54

Yeahā€¦it is hard to get the news out there to everyone. We will try to do better.

55

Given Kinic is a search engine, responsible for valuable user data, will Kinic be held to the same scrutiny regarding an audit as other applications have been?

Data is subjectively as vulnerable and valuable as funds held within a DeFi Protocol - and past data leaks have shown could even lead to more consequential outcomes.

Hoping with that being said, weā€™re holding everyone to the same expectation of user security.

56

Kinic holds no user data.

It collects information about on-chain frontends, clicks to those frontends, and when desired advertising information for the owners of the canisters.

*It does not work with tracking cookies, nor do we use Analytics or other such tracking software.

ā€˜responsible for valuable user dataā€™
Can you explain what you mean here if the above did not address it?

3 Likes
57

That clears it up for the most part, however Iā€™m more so referring to the contents of user searches; I canā€™t see your searches, you canā€™t see mine.

58

Kinic does not store that information ā€” at all.

This does bring up an interesting future point when Kinic moves to an ML based model.
The inputs (ā€˜user searchesā€™) can be made private with ZKML. Right now there are a lot of issues arising as people use ChatGPT etc, and do not realize they are exposing their companies private information.

The Kinic roadmap is targeted towards pushing the boundary for what is possible with not only on-chain A.I., but privacy oriented A.I. as well.

4 Likes
59

What about this clauses in license?
So you are liable for 50K and 1% tokens to canDB?

"The Software is free to use for commercial purposes, provided that the Commercial Entity meets the following requirements:

5.1 The Commercial Entity has less than 1 million US dollars in cumulative revenue.

5.2 The Commercial Entity has a valuation of less than 10 million US dollars as assessed by an independent auditor.

5.3 The Commercial Entity has not issued more than 20% of the total tokens or shares in a decentralization sale or public offering.

6. Commercial License for Qualifying Entities

Commercial Entities that want to use the Software after reaching the qualification threshold must purchase a license agreement in one of the following manners:

6.1 Pay one time, $50,000 USD cash before the qualifying event.

6.2 Issue 1% of the total tokens or shares in the public offering or successful decentralization sale must be issued to the Licensor as part of the offering. Any restrictions on the tokens should match those offered to other seed funders of the organization/DAO."

2 Likes
60

Hello, is there an approximate timeline or triggering event for when the project will move to an NPO? Is it possible after the SNS launches that the DAO votes NOT to move to an NPO model? Is there a plan on where to base the NPO?

With that said, even though there is a plan to move to an NPO, is there a reason no one wants to take credit for the work put into creating Kinic? It seems like a running theme in Web3 where people ask for millions of dollars, but donā€™t want to put their names out there. This might be the norm for VCā€™s with money to burn, but from a small retail investor perspective, it just makes me wonder if the people creating the next new thing are the same people who just rugged investors on the last new thing.

1 Like
61

Kinic has configured the SNS to grant the tokens to the ORIGYN Foundation to satisfy the license if successful.