Senno, a Hong Kong-based project aiming to build a distributed sentiment analysis ecosystem, has announced via its Telegram channel that it is shutting its doors. Senno sought to create an ecosystem of crowd wisdom in real-time through the use of AI algorithms designed to read and interpret user-generated content on the internet.
In its Telegram announcement, Senno claimed the project was unable to continue due to the coronavirus pandemic:
Following months of countless efforts to continue development and pursue the execution of our strategic partnerships the COVID-19 pandemic have put all ongoing integrations and collaborations into hold and it became financially impossible to maintain the operation and keep our business running.
The Senno whitepaper was released in March 2018, which outlined the Senno infrastructure, application flow, algorithm formulas, and smart contract. The project then raised approximately US $2 million through a private token pre-sale that concluded in August 2018. In November 2018, Senno reduced its SENNO token supply from 10 billion to approximately 3.9 billion, after it had burnt 60% of the supply.
Neo News Today last reported on the Senno platform in April 2019, when the team announced it was among nearly a dozen companies that completed the Startup Bootcamp (SBC) Energy Australia accelerator program. As part of that program, the Senno MVP incorporated the Neo blockchain for the platform’s incentive and awards payments, tracking the usage of personal data, and a permissions system for access to private data.
This was also the last public announcement Senno shared with its community across its social media platforms and website.
Those who have any questions or inquiries of the project can contact the Senno team at email@example.com.
The full announcement of the shut down can be found at the link below: