Sahara AI launches an AI data bounty earning platform!
According to (Decrypt), the American AI blockchain startup Sahara AI officially launched the Data Services Platform (DSP), a system for completing data labeling tasks paid with cryptocurrency.
Users do not need to write code or trade tokens; they can earn cryptocurrency by performing small but important tasks such as labeling images, transcribing audio, or evaluating AI-generated text, which will be distributed in $SAHARA tokens issued by Sahara AI and three US dollar stablecoins: $USD1, $USDC, and $USDT.
Sahara AI CEO Sean Ren stated that the platform operates on a bounty model, where companies, research labs, and crypto projects can publish data tasks, and contributors receive rewards upon completion.
At the same time as launching the data labeling feature, Sahara AI also offers over $450,000 in cryptocurrency rewards.
Image source: Sahara AI Sahara AI officially launched the Data Services Platform (DSP)
What tasks are available on the Sahara AI data platform?
According to the official introduction from Sahara AI, the DSP platform tasks are divided into three main categories:
Corporate mission: Pay with $SAHARA tokens to help key clients establish or label data.
Double reward mission: Payment with $SAHARA and ecosystem partner tokens.
Community mission: Will not pay immediately, but will provide contributors with ownership of the resulting dataset, earning recurring income when these datasets are used or sold.
Although bug bounty platforms are not new, Ren stated that the Sahara AI Data Services Platform would focus more on providing high-quality data rather than just fixing bugs.
To ensure data quality, Sahara AI has deployed multiple security and review mechanisms.
Ren explained that they would use honeypot questions to monitor the performance of data labelers to detect users attempting witch attacks and utilize AI technology to identify cheaters who create content using AI.
Sahara AI promises that over 60% of tokens are allocated to incentive programs.
Sahara AI announced its tokenomics structure before the end of June, and the $SAHARA token was also listed on the Binance exchange.
According to the tokenomics, 64.25% of the total supply of $SAHARA is designated for community growth, ecosystem tools, and contributor incentives, with 8.15% allocated for airdrop rewards for early users and active contributors in the Sahara AI ecosystem.
Sahara AI is also the 25th project launched on Binance Launchpad after Newton Protocol ($NEWT).
$SAHARA tokens have fallen over 40% from their peak.
CoinMarketCap data shows that as of July 23, when this article was written, the price of $SAHARA was $0.09249, down 41.46% from the peak of $0.15800 set on Binance a month ago.
Foreign media (BeInCrypto) pointed out that new projects in the early stages that have just been listed on Binance may face significant price volatility, so investors should carefully assess before making investment decisions, DYOR.
Whether Sahara AI can stand out in the competitive AI and cryptocurrency market will depend on its platform adoption rate, the effectiveness of its data quality control mechanisms, and its ability to attract enough corporate clients and individual contributors to participate in its ecosystem.
Image source: CoinMarketCap $SAHARA tokens have fallen over 40% from their peak.
'You can earn tokens without writing code! How does Sahara's AI data bounty platform work?' This article was first published on 'Crypto City.'
