EFFECT.AI : Decentralized Network For AI ✴️ HOT ICO ✴️
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What is Effect.AI ?
Before going into specifics, I want to inform you that the whitelist process starts in less than 9 hours. In case you want to invest in this project, you should be ready for it. You can find the whitelist information and requirements here. And don't worry, the contribution period will be on another date.
So what is Effect.AI ? It is a decentralized network for artificial intelligence. You are wondering what that means right ?
Basically what they want to accomplish is building a decentralized mechanical turk, like the one that amazon has only that it is decentralized, which is a key factor. Amazon's mechanical turk is an online platform where you can go and hire people to do very small tasks like doing searches, click your page in the search results and do some small actions. But like major platforms they take a fee for buyers and sellers. So by creating a decentralized version of the mechanical turk you will be able to remove the middleman and lower the fees.
In the end the mechanical turk decentralized model will end up powering artificial intelligence.
Key futures
Links supply and demand for micro-tasks, like amazon's mechanical turk
Exchange of AI applications, which can trade data between each other
Users can also buy data, or create their own data sets by issuing tasks
Idea : by creating a standard for AI development, anyone can develop an AI intelligence. This will create multiple AI's which, through a standard, can interact and create on emergent AI
There will be 3 phases of development
Phase 1 : Effect Mechanical Turk
Phase 2 : Effect Smart Market ( a decentralized marketplace where AI algorithms can exchange their services)
Phase 3 : Effect Power
In the final ‘Effect Power’ phase of the network, the actual computation will be distributed so that the algorithms run globally without a single point of failure. To achieve this, The Effect Network uses the fact that most machine learning algorithms have rigid structure and operate on sets of weights.
Effect.AI’s main objective is to build an AI development platform that will stand the test of time. To accomplish that, they have to design a platform that is resistant to outside influence or manipulation by third parties. This necessarily means preventing whales and syndicates from being able to destabilize the platform. In addition to a strict whitelist and KYC process for the Public Token Sale, a key component of the platform will be the Galaxy Pool. Having a central pool of EFX tokens will ensure the necessary level of liquidity is always maintained. This allows:
- Workers to sell their EFX rewards for native tokens
- Requesters and network users to buy EFX if they wish to do
Tokenomics
- Total Supply of tokens: 650 Million EFX
- 10% discount is applied to the first 5,200,000 tokens sold
- No presale for this ICO, only public sale ensures equal distribution of tokens and no whale manipulation of the price
For more details on this project you can visit this links
Official Site : https://effect.ai
Earn 2 SBD for the best comment on each of my post that is about cryptocurrency and has the gold colour border (memes and gifs not included anymore). RULES : 1) comment must be related to the subject in the post ; 2) It must be at least 2 sentences long ; 3) Don't SPAM ; I will send the 2 SBD and reply to the winner's comment after 7 days on each post.
I have review $DBC and $EFT(effect.ai), and i am very excited about $EFT now. As a AI enginner, i look forward to a AI ecology that can benifit people like me. When it complish targets, i would able to work at home, and earn even more. For example, i can write a script to get data, train and deploy an AI model, then another people who need it would pay for me for using it. I hope Effect.AI would make great success, and i believe it will. My experience make me feel its great future and i will continue watch Effect.AI.
@megasong : Sent 2 SBD to your account for the best comment on this post. I hope you acomplish your targets with Effect.AI and I hope you can work at home in the future. Cheers !
The project is very transparent and their decisions were professional so far, token terms are also ideal. Their first advisor was just revealed today. There'll be no Gas war during the sale because it's a NEP5 token, I will register to the whitelist as soon as possible.
@drcath I like it very much also, tokenmetrics and tokenomics look very good. I saw that they revealed Charlie Shrem as their first advisor. I will register for the whitelist as soon as possible also, I hope they don't have a cap for the whitelisted persons, have to wake up early just to be sure :) . Regarding the contribution, which probably be in march, I hope there will be no wars and the process will be smooth. I have a bad taste from THE KEY ICO and Seele, both with no working websites because of the traffic. But I am sure EFFECT made and will make the necessary preparations in advance, especially that they saw others mess up those processes.
This project is so exciting and will be available to anyone under the galaxy!
The opportunities are endless with this groundbreaking one of a kind ICO. Artificial Intelligence paired with everyday people completing task to earn a little extra income is about to happen. The future is now!!
This is definitely one of very, very few ICO's you do not want to miss out on. Don't hesitate too long or this opportunity will pass you by
This project may have a hopeful future...
It looks like a trading platform project (I don't remember its name) where the most novice and inexperienced people in this context can rent bots with artificial intelligence, who perform the technical analysis and give you the points to buy and sell, depending on the trading system you use.
The artificial intelligence will surely serve with the blockchain to facilitate us many tasks... But, we must be careful with it.
Thanks for sharing the project my friend @equ1l1br1um. Greetings and a hug :)
@emmanuel250998 It will have a very nice future in my opinion. They solve a huge problem.
I think you are talking about another project when you are talking about trading, but not sure what project, heard something not so long ago. Regarding trading projects on the blockchain , I know about Genesis Vision and Covesting, but they aren't using AI as far as I know. The projects are for different purposes.
The artificial intelligence is the future, even if we like it or not. We will see it implemented in many aspects of our life.
Thanks for reading. Cheers man !
Ce bine ca ai facut review la acest ico! chiar auzisem de el! missed these kinda of posts! congrats @equ1l1b1um
btw: Il au pe Charlie Shrem - advisor to Effect.AI :D
@alexandraioana26 Yes, have to find some more time to post serious stuff, not only memes :)
It may seems good to know they are marketing in the AI. I just hope the plan is executed well I mean no need to be rush though. Delivering the idea into action and making it happen will surpass most of the current tokens/coins on whatever they have been promising.
So much ICO's these days. This sounds quite interesting. I did a post on ICOs this week, take a look and confirm to me why you really think this one has all it takes to pull through based on the requirements I listed. However, this seems quite interesting. Thanks for sharing
@kenhudoy Read your article. I hope a lot of people will see it. It reminded me to start writing the articles on the Crypto Currency Series.
I have 3 categories in which I write (Crypto Currency series + ICO's ; Mental Game Series and WakeUpTime Series. In the Cryptocurrency series I want to talk exactly about this kind of subjects that you are talking about. Security for your coins and on exchanges, ICO's, how to spot a good project, etc... Just that lately I posted a lot in Dmania :) As you probably already know it becomes adictive.
I like your article, you are making valid points. To spot a scam ICO or an ICO which doesn't have a good future, I am also looking at tokenmetrics and tokenomics. Also if they raise a huge amount which they don't need it's a red flag.
Unfortunately there are a lot of people that don't research first and a lot of people that want to take advantage. I always research the projects that I want to invest in, I am also in some groups that research ICO's, where I ask if I am uncertain.
On steemit or any other platforms, I will never recommend ICO's in which I don't want to invest myself. Sometimes I will not be able to invest because there will be no room left, as this is the case lately in many good ICO's. I hope I will get whitelisted for Effect.AI , because it's one of my two primary ICO's that I want to invest in the upcoming future. The other one is NEX.
Wish you the best. Let's keep in touch for valuable insights and info. Thanks for the comment
@kenhudoy Sure will. Thank you also
Welcome
I have sold some products on Amazon. I really need effect.ai, It can help me to able to remove the middleman, lower the fees and time-saving. beside, NEO maybe good than ethereum. so I will join effect.ai ICO
Great news! I believe in you. Strong team and strong advisors. ROCKET! Effect.ai will change this world! Distribute this information
Effect.ai is not just another ICO, it offers a project that adds value to humanity and it is built on a transparent and reliable blockchain.