Effect.ai (EFX)

Effect.AI is a decentralized platform for Artificial Intelligence.

Website:

Web page

Start At:

2018-03-24

End At:

2018-03-31

Base:

NEO blockchain

Founded:

Netherlands

Categories:

AI & Machine Learning

Currencies:

NEO, GAS

Whitepaper:

View

Effect.ai
Token Sale

Features:

Effect.AI's main objective is to build a platform that will stimulate AI development and the creation of various AI services. The platform will be more democratic, accessible and easy to use than what is currently

Token Distribution:

Public Token Sale 40%

Future Funding 20%

Platform Incentives (Galaxy Pool) 16%

Effect.AI Team 15%

Partnerships & Advisors 7%

Bounty 2%

The 20% of tokens for future funding will be locked by a smart contract for 18 months. If predetermined milestones are not met the tokens will be burned.

Token Sales:

Soft Cap: € 4,280,000

Hard Cap: € 14,820,000

Discount: 10% For the first 5,200,000 tokens (2% of token sale)

Minimum invest: € 50

Maximum invest: € 25,000

Token Sale percentage: 40%

Bounty Campaign:

Bounty link

Road map
Socials

Road map:

Phase 1

EFFECT Mechanical Turk
A Decentralized Mechanical Turk (M-Turk). It allows anyone in the world to perform a wide range of tasks and receive fair payment. It will give AI developers and businesses access to a large workforce of human intelligence to train AI algorithms. When a worker completes a task, they are paid with with a network NEP-5 token.

Phase 2

EFFECT Smart Market
This phase is a natural progression of the network. It will be an open marketplace for offering AI Algorithms as a service. This marketplace or exchange is where AI developers with a functional Algorithms can sell, rent or give out its service for a simple and easy payment with the Effect token. Each Algorithm will have its own wallet to allow for easy acceptance of transactions. Also within this marketplace, Algorithms have the ability to communicate and collaborate with other algorithms and and purchase services from each other.

Phase 3

EFFECT Power
The Effect decentralized compute engine is based on popular deep-learning networks like Caffe, MXNet and Tensor flow. We want to distribute the computational power of all AI so there is not this one point of weakness. We can do this through partnerships with projects like Golem with their Super computer or create the framework ourselves.