Effect.AI

Effect.AI

Created using Figma
Effect AI is a permissionless protocol used to supply, assign and execute human-driven AI tasks across a distributed network
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Bidesk
    EFX/USDT 3 one year ago
    $ 0.0866
    $ 170.648 K
    11.72%
    6.65%
  • BitBNS
    EFX/INR 3 one year ago
    $ 0.0839
    $ 5.174 K
    1.11%
    -46.45%
  • Newdex
    EFX/EOS 3 one year ago
    $ 0.0780
    $ 5.083 K
    9.44%
    -32.30%
  • KuCoin
    EFX/BTC 3 one year ago
    $ 0.0825
    $ 169.689 K
    5.08%
    126.78%
  • LATOKEN
    EFX/ETH 4 one year ago
    $ 0.1441
    $ 9.80
    -
    -
  • Switcheo
    EFX/EOS 5 one year ago
    $ 0.0050
    $ 5.04
    -
    -
  • Aphelion
    EFX/NEO 5 one year ago
    -
    -
    -
    -
  • BitMart
    EFX/ETH 5 one year ago
    -
    $ 11.21 K
    -
    -
  • BitMart
    EFX/BTC 5 one year ago
    -
    $ 19.707 K
    -
    -
  • Switcheo
    EFX/NEO 5 one year ago
    $ 0.0080
    -
    -
    -
  • Switcheo
    EFX/SWTH 6 one year ago
    $ 0.0074
    -
    -
    -
  • Switcheo
    EFX/GAS 6 one year ago
    $ 0.0097
    -
    -
    -
  • Aphelion
    EFX/GAS 6 one year ago
    -
    -
    -
    -
Sale
Mar 1, 2018
Mar 18, 2018
100% completed
$13 591 090
100% goal completed
past
Token Details
Ticker
EFX
Total supply
520,000,000
Accepted Currencies
NEO, GAS
Company Details
Registered Country
Netherlands
Additional Details
Whitelist
Yes ,
KYC
Yes
Categories
Platform, Artificial Intelligence

About Effect.AI

Designed with versatility in mind, the protocol shines as a human middleware layer, integrating with AI Agents & LLM Pipelines to substantially improve the quality and reliability of their outputs.

Now that AI agents have officially entered our realm, human input is now more important than ever. In recent years the role of human input has shifted drastically, where it was first required to create training datasets and enhance digital signals produced by AI, human input is now gravitating towards 3 different verticals:

  1. Safety and Reliability. AI agents are driven by statistical models that often struggle with uncertainty or incomplete data, which can lead to faulty decisions. Many real-world applications demand validation to ensure reliability and prevent errors. Incorporating a human-in-the-loop approach—where agents can seek clarification or confirm uncertainties—can significantly improve both safety and accuracy.

  2. Enhancing Outputs. Domain experts are able to improve the output of AI models by fine tuning them on specific datasets and using specific ways of prompting.

  3. Real-World Limitations. While AI agents are designed to operate independently and collaborate with other agents, they lack the physical presence and legal standing needed to act in the real world. They cannot own credit cards, hardware, or citizenship. Human input is crucial for bridging this gap, allowing agents to achieve physical-world goals and execute tasks beyond their inherent limitations.

Our Mission

 

Founded in 2017, we began our journey with a mission to establish a decentralized network for artificial intelligence. Our goal was to create a platform that would enable anyone to access, create, and benefit from AI technologies. After many months of hard work and chaos, we launched Effect Force, a platform that, over the course of four years, onboarded more than 2,000 workers. These workers leveraged their human intelligence to train and improve AI models, bringing our vision to life.

Fast forward to today, and the AI landscape has changed significantly, while our vision has remained the same, the path to realizing that vision has shifted. Human intelligence is more vital than ever, and the need for a decentralized network to harness and support it has become critical. We are now building a network designed to empower the next generation of AI agents and LLM models, ensuring they are smarter, more reliable, and truly collaborative.

We hope that you will join us on this journey, as we work to create a world where humans and AI can collaborate safely and effectively. Together, we can build a network that will revolutionize the way we interact with AI, and ensure that human intelligence remains at the forefront of technological innovation.

EFFECT is the token that drives the Effect AI ecosystem. It is used to incentivize participants in the network and to control the honesty and quality of participants. The token is registered on Solana at the following address:

Effect.AI Roadmap

  • Q1 2017

  • Start of Effect.AI
  • Phase 1 - EFFECT Mechanical Turk

  • The first phase of The Effect Network will be an interactive marketplace for tasks that require human intelligence. 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.
  • Q3 2017

  • Whitepaper released. First meeting with NEO in Shanghai
  • Phase 2 - EFFECT Smart Market

  • The Effect AI Smart Market is a decentralized platform where people can offer and buy AI services. 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.
  • Read More
  • Q3 2017 - Q1 2018

  • Community building and platform development
  • Phase 3 - EFFECT Power

  • The last phase provides a decentralized, distributed computational platform that will run popular deep learning frameworks. 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.
  • March 2018

  • Token crowdsale
  • Q2 2018

  • Supernova (Galaxy pool creation)
  • Q2 2018

  • Effect Mechanical Turk (Beta on NEO)
  • Q1 2019

  • Effect Smart Market (Platform release)
  • Q4 - 2019

  • Effect Power (Framework release)

Effect.AI Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Chris Dawe
CEO
unverified

2 ICO

$13 591 090

Jesse Eisses
Blockchain Lead
unverified

2 ICO

$13 591 090

Laurens Verspeek
Development Lead
unverified
Nick Vogel
Design & Interaction Lead
unverified
Jeffrey Hamer
Developer
unverified
Nico Curylo
Developer
unverified
Polina Boykova
Community Manager
unverified
Jaqueline Gross
Administration
unverified
$ 0.0067
-1.00%
Crypto Stats
Daily, %:
-1.00%
Weekly, %:
2.67%
Monthly, %:
-9.54%
Market Info
Market Cap:
Volume 24h:
$ 40.947 K
Circ. Supply:
Ticker:
EFX

Effect.AI Reviews

crushcrypto.com
review

Opportunities:
A lot of Human Intelligence Tasks can be performed by people without specialized skills. Therefore, even the unbanked in any countries can work on The Effect Network whereas they cannot become a worker on other centralized platforms because they don’t have a way to receive compensation.
According to the team’s projection, workers on The Effect Network can earn $9/hour on average while they can only earn $2/hour on current centralized platforms.
The project is ambitious but is a logical progress. The transition from phase 1 to 3 makes sense and each phase builds on top of the previous one. EFX tokens should have plenty of usage even when only phase 1 is launched.

Concerns:
The team is on the younger side and most members have relatively little working experience. It is unclear whether they can handle the development intensive project.
The team has not disclosed any advisor which is very uncommon.
The project has not released an Alpha/MVP yet, which makes it a white paper project.

Conclusion:
Overall, we are neutral about the ICO’s short-term potential but like its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding:
Neutral. The idea is great and the hard cap is low. However, the team will not actively reach out to exchange for the listing of EFX tokens. Considering that EFX is a NEP-5 token which very few exchanges list, it might have a hard time generating liquidity initially.
For long-term holding:
Good. The project has a lot of potential even with just the first phase completed. By eliminating the middleman, workers can earn substantially more and receive payments instantly with the use of cryptocurrency. If successful, this project can provide lots of real-world benefits which we very much support.

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