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Effect.AI (EFX)

IT

Overview

Effect is a NEO based decentralized AI platform.

Features

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.

Crowdsale

ICO
ICO start date 24 Mar 2018
ICO end date 28 Mar 2018
ICO token supply 260,000,000
Soft cap 5,279,080 USD (fiat)
Hard cap size 18,440,500 USD (fiat)
Raised 13,591,090 USD
Legal
ICO Platform 3
Country Limitations United States
Token details
Ticker EFX
Type Utility-token
Additional Token Emission 0
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

Ratings

Type of ratings
Rating
Status
Details
Investment Stable Expired Arrow Report

Founders

Name
Position
ICO
Social
Practising Professor of Blockchain, Founder and Global Strategic Advisor Member of 7 ICOs
Experienced financial Advisor Member of 3 ICOs
CTO and co-founder of The Bee Token Member of 2 ICOs
Online Marketing Manager Member of this ICO only
Software Developer Member of this ICO only
CEO Member of this ICO only
Project Manager Member of this ICO only
Software Developer Member of this ICO only
CTO Member of this ICO only
Video Producer Member of this ICO only
Chief Architect Member of this ICO only
CCO Member of this ICO only
Software Developer Member of this ICO only
COO Member of this ICO only
Social Media Manager Member of this ICO only
Copywriter Member of this ICO only
Software Developer & AI Specialist Member of this ICO only

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
NA NA NA NA NA

Rating Review and Analytics

Investment rating Info Stable
Hype score Info High
Risk score Info Medium
Ask rating for ICO

Trading

(EFX)
$0.07
6.99% 24H
ETH
return 0.43x
Start ICO 24 Mar 2018
End ICO 28 Mar 2018
Token EFX
Price 1 EFX = 0.07 USD
Product Type Platform Marketplace
MVP No product
Whitepaper View

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