It’s time to make SENSE of it all.

On September 18th, the Sensay team hosted a lively AMA on Telegram to field your questions in real-time and help demystify the SENSE token pre-sale and sale. It was a great one, so make sure to read on if you didn’t get the opportunity to sit in or ask a question.

SENSE AMA Highlights

The vision of SENSE is to decentralize human knowledge attribution and to reward humans whenever their knowledge is accessed — in stark contrast to the manner in which human data currently flows within centralized social media.

The Protocol for Human Intelligence relies on a community of builders and do-ers making it possible for users to create a thriving ecosystem.

As an incentive to build the next generation of apps and dApps on the network, SENSE token will be offered to developers, with favorable terms, ahead of everyone else.

The SENSE team in attendance of the AMA included:

SENSE Team in AMA attendance on September 18th, 2017

RE: The SENSE Token Developer Presale

#1: If I am a developer, how can I participate in the presale? How is the price for SENSE determined in the presale?

Crystal Rose: If you have GitHub credentials and meet criteria to show that you’re an active developer, you can get first tier priority in our token sale. Price per token is set at $0.10 at the time of the crowd sale.

Developers participating through this presale get a 20% discount.

#2: For the token sale, is there a soft cap? Is there a hard cap? When are tokens released? Are there banned countries? If there are tokens left, will they be burned?

Crystal Rose: There is a hard cap of $25M. We won’t be actively partnering with exchanges. Those will be organic to any exchange that wants to list the token. We’re focused on building platform and community. No banned countries. And we don’t anticipate burning any tokens — we will sell them all based on significant demand.

RE: Earning 💰

#3: How is the amount of tokens one gets for answering a question determined on Sensay?

Ariel Jalali: The value of tips is determined by the person receiving advice. If they determine the advice is valuable, they will tip accordingly.

#4: How can I earn tokens on Sensay?

Eyal Toledano: You’ll earn token in three ways:

(A) Peek allows anyone on Sensay to read through previous conversations that happened on the network. Expressions of gratitude (like tips) can be collected asynchronously on those conversations;

(B) Users will be provided technology to create their own personal bots, whose automated answers will provide the author with passive token income as the personal bot gets tipped for delivering its author’s knowledge;

(C) The SENSE protocol makes all of that human data available for developers to use, which means that you’ll be rewarded anytime a developer accesses your data for the benefit of their application (provided you’ve allowed Sensay to make your data available — you own your data).

#5: How will blockchain technology affect Sensay messenger? Just tokens paying for it?

Ariel Jalali: Sensay will become the first application on a network of applications to integrate SENSE. On Sensay, it will replace current closed loop coins to unlock a wide suite of features for users, including access to more knowledgeable humans, tribes, incrementing the value of open user needs by upvoting bounties and more.

It will also become a means to attribute Sensay users’ knowledge and record it on the Blockchain.

Crystal Rose: The Blockchain provides the ledger we call “proof of intelligence.” A conversation that earns SENSE in real time can also earn it asynchronously when accessed again for another human application.

In this way, everyone owns their data and chooses when to sell it — and benefits.

RE: Sensay Growth and Plans

#6: Why will the network grow in the near-term, mid- and long-term?

Crystal Rose: The network will grow when:

(A) New developers come on the platform and build out new apps and bots;

(B) User communities come onto the platform, along with those apps from our first application, Sensay, and many others like it;

(C) Long-term we build out the Humans.AI protocol layer for all types of applications and secure very large partnerships (we have some in the works).

#7: Do you have a strategy to attract more users to the Sensay ecosystem?

Eyal Toledano: Of course!

Much of the growth in the future will rely on individual merchants who seek rewards for their knowledge actively, publishing their Sensay credentials openly for others to consume, and in doing so, create additional awareness for consumption.

Today, Sensays are joining from across different messengers, which means that there is still quite a bit of room for us to expand to additional messengers and geographies. Each new messenger we expand to opens up a new market. This doesn’t take into account compensation for referrals and introductions made by existing Sensays.

Generally speaking, organic and direct brand-related acquisition brings the highest quality of users, and the introduction to SENSE itself as a quantification of value attribution creates a very strong value proposition. There’s lots of room and opportunity to grow.

RE: Sensay Functionality and Growth

#8: Can you explain the types of apps that can potentially and most suitably build on your platform? Who will want to, and why?

Ariel Jalali: We’ve gotten really good at routing humans to each other helping them transact knowledge with one another, and we want to empower all developers who rock at building great apps, but need some help with access to vital data and building community.

What SENSE brings uniquely to the Ethereum blockchain are smart contracts for knowledge attribution incentivizing human routing. These smart contracts can be leveraged conversationally by chatbots or by a wide variety of apps.

#9: What are the key differences between Sensay, Kin, and Steemit?

Ariel Jalali: Sensay is differentiated in that it is:

Cross-platform;

Focuses on knowledge attribution;

Provides smart routing to humans;

Creates conversational “smart contracts”; and

Provides a ridiculous amount of structured conversational data from Sensay to help with human routing and AI training.

RE: Our ❤ Letter to Developers

#10: As a developer, how will I be able to contribute to the Sensay platform and other applications?

Ariel Jalali: There’s a huge challenge with bot/app discovery and interoperability. We kind of pushed the problem along in app days because of the App Store citation, but we are now in the conversational age and need to deal with it before going into the immersive age.

Bots (and apps) need to know what they are good at and hand off to each other and to humans. There needs to be a shared ledger to keep track of these handoffs and reward the bots and humans who facilitate them. This is also how we gather great open data for AI but compensate contributors.

SENSE aligns all these interests but it relies on a thriving network of developers like you to make it happen.

#11: Have you considered allocating a portion of the ICO proceeds to some kind of VC fund (similar to Tezos) to fund developers and entrepreneurs?

Eyal Toledano: Excellent question! We have every intention to support entrepreneurship undertaken using the SENSE protocol.

In fact, a pretty good chunk of the 1 billion tokens are reserved for developer allocation, which we’ll use to actively distribute to teams. We’ll be following up with a dedicated developer campaign in the short-term, probably shortly after the token sale. Keep an eye out for that as it develops.

For more information about the developer presale, please refer to the Sense Token site.