 | Effect.AI (EFX)ICO  Effect is a Decentralized Network for AI. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Effect.AI
Effect.AI is a decentralized platform based on blockchain technology that is created for the development of Artificial Intelligence market and AI related services called The Effect Network.This network is designed to provide an alternative to such services as Amazon Mechanical Turk, Fiverr, OneSpace and Guru.
Effect will fully operate on smart contracts deployed on the NEO blockchain, access to which is available to every Internet user. The purpose of Effect is to provide services necessary for an accessible artificial intelligence market. The Effect Network requires no commissions, and its release is split up into three distinct phases with separate goals:
Mechanical Turk for creation of microtasks that can then be completed by workers in exchange for crypto.
Smart Market for exchange of algorithms. The developer registers his product and sets the price for its usage. The user interested in this AI product pays the indicated fee and gets access to the AI algorithm.
Effect Network for transferring these algorithms from the centralized servers on the blockchain, so they are running on a global scale via the NEO blockchain.
The full release of phase 1 is set for Q3 2018. Phase 2 is currently set to come out in Q2 2019. Phase 3 is set for Q4 2019.
The EFX token will be launched on the NEO blockchain, adhering to the NEP-5 token standard. It will be the medium for payments between workers and requesters on The Effect Network. The objective of Effect is to maintain liquidity for EFX tokens, therefore, the Effect.AI Galaxy Pool (EGP) will be designed consisting of a mix of EFX and native tokens and featuring price manipulation mechanism. Several rules will drive the EGP towards an equilibrium.
Effect.AI project will enable to set tasks in AI segment, issue an approximate fee for their execution and find people who can solve these problems.
DetailsPublic sales: Mar 24, 2018 - Mar 28, 2018Token supply: 260000000 Soft cap: 5,279,080 USD Hard cap: 18,279,400 USD Raised: 13,591,090 USD LegalCountry limitations: United StatesBountyBounty: 2%Translation: 20% Social media: 55% Bitcoin talk signature campaign: 15 % Other: 10 | Token infoTicker: EFXType: Utility-token Token standard: No Token price in USD: 1 Token = 0.070000 USD Accepted currencies: ETH, NEO Bonus program: For the first 5,200,000 tokens (2% of token sale) -10% Token distribution: 40% - Public Token Sale 20% - Future Funding 16% - Platform Incentives (Galaxy Pool) 15% - Effect.AI Team 7% - Partnerships & Advisors 2% - Bounty Funds allocation: 20% - Technology development and Effect M-Turk platform 13% - Advanced Functionality of Blockchain & Smart contacts 10% - Security and Hardware 18% - Requesters & Workers Acquisition 15% - Marketing 9% - Operations, Overhead, Legal, Administration 8% - Partnership & Talent Acquisition 3% - Blockchain 2% - AI 2% - IOT |
Effect.AI Roadmap
Start of Effect.AI
Whitepaper released. First meeting with NEO in Shanghai
Community building and platform development
Token crowdsale
Supernova (Galaxy pool creation)
Effect Mechanical Turk (Beta on NEO)
Effect Smart Market (Platform release)
Effect Power (Framework release)
Project team
Advisors
Social media
