Effect.AI

Effect.AI

Created using Figma
Created using Figma
Effect.AI introduces an open, decentralized network that provides services in the Artificial Intelligence market, called The Effect Network.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Newdex
    EFX/EOS one hour ago
    $ 0.0127
    $ 1.238 K
    13.27%
    52.63%
  • Switcheo
    EFX/EOS 2 hours ago
    $ 0.0121
    $ 2.595 K
    10.43%
    -43.88%
  • LATOKEN
    EFX/ETH 14 hours ago
    $ 0.0122
    -
    -
    -
  • BitMart
    EFX/BTC 2 months ago
    -
    $ 19.707 K
    -
    -
  • BitMart
    EFX/ETH 2 months ago
    -
    $ 11.21 K
    -
    -
  • Switcheo
    EFX/NEO 2 months ago
    $ 0.0080
    -
    -
    -
  • Switcheo
    EFX/SWTH 3 months ago
    $ 0.0074
    -
    -
    -
  • Switcheo
    EFX/GAS 3 months ago
    $ 0.0097
    -
    -
    -
  • Aphelion
    EFX/NEO 7 months ago
    -
    -
    -
    -
  • Aphelion
    EFX/GAS 7 months ago
    -
    -
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Sale
Mar 1, 2018
Mar 18, 2018
100% completed
$13 591 090
100% goal completed
past
Token Details
Ticker
EFX
Accepted Currencies
NEO, GAS
Company Details
Registered Country
Netherlands
Additional Details
KYC
Yes
Categories
Platform, Artificial Intelligence

About Effect.AI

Our project introduces an open, decentralized network that provides services in the Artificial Intelligence market. This project is called The Effect Network

The 3 phases of The Effect Network require no fees, have a low barrier of entry and provide fast growth to its users. It runs seamlessly on the NEO blockchain and is fueled by a network NEP-5 token. The effect of this network will define the future relationship between humanity and AI.

Features

EFFECT Network introduces an open, decentralized network that provides services in the Artificial Intelligence market. 

The 3 phases of The Effect Network require no fees, have a low barrier of entry and provide growth to its users. It runs on the NEO blockchain and is fueled by a network NEP-5 token:

Effect Mechanical Turk is a workforce on demand that allows to request or perform tasks that teach and develop AI algorithms.

The Effect Smart Market is a decentralized exchange where people can offer and buy AI/ML services and algorithms.

In the last phase the computational power is distributed needed to run deep learning frameworks and other AI algorithms.

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)

Activity

Activity:
97
LOW
Posts:
1 062
VERY HIGH
Views:
23 475
VERY HIGH
Activity:
97
LOW
Merit:
1
VERY LOW
Posts:
1 062
VERY HIGH
Views:
23 475
VERY HIGH
Users:
447
HIGH
Posts:
547
VERY HIGH
Followers:
11 798
VERY HIGH
Likes:
11 143
VERY HIGH
Followers:
9 848
HIGH
Tweets:
716
VERY HIGH
30 Days Growth:
58
Members:
9 907
HIGH
30 Days Growth:
-348
Year commits:
0
Watchers:
3
Stars:
7
Forks:
1
Open issues:
0

Effect.AI Team

Verified 0%

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

Chris Dawe
CEO
unverified
Jesse Eisses
Blockchain Lead
unverified
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

Effect.AI Last News

$ 0.0123
11.83%
Coin Stats
Daily, %:
11.83%
Weekly, %:
19.83%
Monthly, %:
38.44%
Market Info
Market Cap:
$ 2.544 M
Volume 24h:
$ 3.842 K
Circ. Supply:
206.669 M EFX
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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