Effect.AI introduces an open, decentralized network that provides services in the Artificial Intelligence market.
The Effect Network is designed to provide a feature complete alternative to services like Amazon Mechanical Turk, Fiverr, OneSpace and Guru.com. It will operate fully on smart contracts deployed on the NEO blockchain. The Effect Network, like other decentralized applications, directly connects supply and demand without the need for an intermediary party. To be more specific, The Effect Work will establish the following:
The Artificial Intelligence market is growing at a remarkable rate, but it’s becoming less accessible with each passing moment. Large corporations, like Google, Facebook and Amazon are pioneers when it comes to AI development, but they have also driven much of the innovation behind closed doors.
Effect.AI proposes a solution by creating an open, decentralized network that provides most, if not all of the services required for a healthy and accessible Artificial Intelligence market. This project is called The Effect Network. This network will replace several existing services in the current AI market. It requires no commissions, has a low barrier to entry and provides fast growth to its users. Effect.AI aims to accomplish this by deploying the project in three phases. These are:
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:
1) Effect Mechanical Turk is a workforce on demand that allows to request or perform tasks that teach and develop AI algorithms.
2) The Effect Smart Market is a decentralized exchange where people can offer and buy AI/ML services and algorithms.
3) In the last phase the computational power is distributed needed to run deep learning frameworks and other AI algorithms.
14-20 days after token sale
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Token Sale —
24 Mar 10:00 UTC
28 Mar 14:00 UTC
|0.0057 EUR||10%||50 EUR - 1200 EUR||4,280,000 EUR||14,820,000 EUR|
Bonus Stage 1: 10% (Fair Share Distribution)
Bonus Stage 2: 10% (For the first 2% of tokens)
Start of EFFECT.AI
Community building & platform development
EFFECT Smart Market (Platform release)
EFFECT Power (Framework release)