Gensyn is decentralized infrastructure where human knowledge and machine intelligence converge -- enabling AI to train, verify, trade and evolve. The a16z crypto-backed network serves as an open infrastructure layer that connects global compute resources for machine learning, with its economy aggregating human insight into prices while neural networks distill data patterns into predictions, all powered by the AI token.

Project Function

To clarify the naming used throughout: Gensyn is the network, AI is the token that powers it, and Delphi is a marketplace built on the network. Gensyn operates as a decentralized compute network for ML workloads. The protocol uses cryptographic verification (the Reproducible Execution Environment, or REE) to confirm that off-chain ML computation has been performed correctly. Delphi, the network's marketplace, lets users create and trade information markets that are settled in the AI token. Compute work is assigned to nodes, verified on-chain, and settled in AI tokens.

Token Utility

The AI token is an Ethereum based token that powers the Gensyn ecosystem for:

• Compute payments: ML tasks and network services are paid for in AI.
• Staking and validation: Validators stake AI to participate in ML verification and network security.
• Governance: Token holders vote on the Community Treasury (40.4% of total supply) and protocol parameters.

About the Founders

Gensyn was co-founded in September 2020 by Ben Fielding (CEO) and Harry Grieve (CTO), who met through Entrepreneur First in London. Ben Fielding holds a PhD in Computer Science from Northumbria University. The legal entity is the Gensyn Foundation, with the operating company Gensyn Ltd based in London. The project has raised approximately $66.7 million across pre-seed ($1.1M), seed ($6.5M), Series A ($43M, led by a16z crypto), and community sale rounds, with additional participation from CoinFund, Galaxy Digital, Eden Block, and Maven 11.

Risks of AI

Like an investment in other crypto assets, there are some general risks to investing in AI. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold's platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in AI is subject to the following specific risks:

• No third-party smart contract audit of the AI token contract has been publicly identified. While the token is a standard ERC-20, the absence of a public audit is a notable gap.
• Insider token concentration is high: the team holds 25% and investors hold 29.6%, totaling 54.6% of total supply. Once vesting schedules conclude, the potential release of these tokens could affect price stability.
• The AI token launched in April 2026 and experienced significant launch-day volatility. The token has a limited trading history.
• The Gensyn Foundation controls the Community Treasury (40.4% of total supply) and manages ongoing token distributions. Protocol updates and development decisions are managed by the Gensyn core team.
• Gensyn's Delphi platform involves AI-settled prediction markets, which may be subject to regulatory scrutiny in certain jurisdictions, including CFTC jurisdiction in the US. This risk is under review by Uphold's compliance team.
• The BuyBack Vault mechanism describes a flywheel of network value accrual tied to network usage, which may not be guaranteed.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with AI. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The AI community and Gensyn Foundation are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of AI have no recourse to the AI community, Gensyn Foundation, or Uphold if AI declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold's Evaluation Process

Prior to listing AI on the Uphold Platform, Uphold performed due diligence on AI and determined that AI is unlikely to be a security or derivative under relevant securities legislation. Uphold's analysis included reviewing publicly available information on the following:

• The creation, governance, usage, and design of AI, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.
• The supply, demand, maturity, utility, and liquidity of AI.
• Any marketing materials put forward by the AI social team including on X, Medium, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with AI, including any code defects, security breaches and other threats concerning AI and its supporting blockchain.
• Legal and regulatory risks associated with AI, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of AI.