Effect.AI initial coin offering (ICO)

Decentralized Network for 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.

3.7
7 7 expert ratings
4
3.3
3.7
3.3
View rating distribution
Starts in 1 year ago
2018-03-01 - 2018-03-31
Token
EFX
Type
NEP-5
Price in ICO
1 EFX = 0.07 USD
Platform
Accepting
Soft cap
4,280,000 EUR
Hard cap
14,820,000 EUR
Raised
13602384
ICO start
Mar 1, 2018
ICO end
Mar 31, 2018
More on ICO
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About Effect.AI ICO

The Artificial Intelligence market is growing at a remarkable rate but has become more inaccessible than ever. The requirement for large annotated datasets and a complex technical infrastructure has driven AI development behind the closed doors of corporations. This paper intro- duces an open, decentralized network called Effect, that provides services in the Artificial Intelligence market. The network replaces several existing services and requires no fees, has a low barrier of entry and provides fast growth of the industry. This is accomplished by three platforms that run on the NEO blockchain and are fueled by a network token called AIX. The first platform is a marketplace for tasks that require human intelli- gence. It allows anyone in the world to perform tasks for a fair payment and gives businesses access to a large workforce of human intelligence. The second platform is a decentralized registry of AI services described by a rich ontology. On this platform any algorithm can be accessed as a service in a unified manner and has a convenient way to receive payment. The last platform provides a decentralized, distributed computational platform that can run popular deep learning frameworks. The effect of this network will define the future relationship between humans and AI.
In the past five years there has been a rapid growth in the number of prac- tical Artificial Intelligence (AI) applications around us. Smart services, like self-driving cars, face and voice recognition in mobile phones and image trans- lation are getting a central place in everyday life. This rise can be explained by the advances in machine learning research and the ready availability of cloud computing. This has resulted in large adoption by the industry and the birth of a billion-dollar-economy around smart applications. While academic achieve- ments are available to the public, most intelligent algorithms are developed behind the closed doors of large corporations. We propose a private, decentral- ized ecosystem called the Effect Network. The network is designed to provide a feature complete alternative to the services shown in Table 1, and operates fully on smart contracts deployed on a Turing-complete blockchain.

Effect.AI reviews

Nikolay Shkilev
Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor
Rated on Apr 11, 2018
3
2
2
9%
Rick Tapia
Blockchain Advisor and Consultant
Rated on Mar 8, 2018
3
3
3
6%
Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Venture Fund
Rated on Mar 13, 2018
2
3
3
6%
VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on Mar 13, 2018
4
5
4
12%

Strong advisors, team seems inexperienced and could be stronger but love the concept h and I see the vision here. Projects that are future focused, working with AI and Machine Learning definitely have great potential. Love to see more projects on the NEO blockchain, Timeline looks reasonable and attainable. Whitepaper is technically detailed. Wish you guys the best on this one!

Francesco Redaelli
Co-Founder & President at Koinsquare | Marketing Manager at AidCoin | Campaign Success Manager at 200 Crowd | Advisory Board Member
Rated on May 9, 2018
4
4
4
13%

Personally I believe that the project could improve its industry market with the power of blockchain, let's see in the next future how it will be implemented.

Cem Goksel Ozargun, MA, PMP, CSM, PSPO
Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Trader, Lecturer, Jack of All Trades
Rated on Jun 28, 2018
3
4
3
13%

Decentralized Network for Artificial Intelligence...

Team is not very good. Also, AI is a very fancy word that turns out to be just FOMO afterwards.

I am cautious about this one...

PlumBot
ICO Analyzer Bot
Rated on Sep 30, 2018
0
0
0
41%


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Effect.AI ICO price

Price in ICO

1 EFX = 0.07 USD

Effect.AI (EFX) crypto

Effect.AI coin

Effect.AI token
EFX
Effect.AI type
NEP-5
Effect.AI platform

Effect.AI (EFX) value

Tokens for sale
260000000

Effect.AI market cap

Effect.AI market capitalization
$ 13602384

Effect.AI investment info

Accepting
Min. investment
50 EUR
Distributed in ICO
40%
Soft cap
4,280,000 EUR
Hard cap
14,820,000 EUR

Effect.AI whitepaper

Effect.AI team

Apply as an advisor

Chris Dawe

CEO

Jesse Eisses

CTO

Laurens Verspeek

Chief Architect

Effect.AI milestones

1
March 2018

WePower idea

2
Q1 2017

WePower idea

3
Q1 2019

WePower idea

4
Q2 2018

WePower idea

5
Q2 2018

WePower idea

6
Q3 2017

WePower idea

7
Q3 2017 - Q1 2018

WePower idea

8
Q4 - 2019

WePower idea

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