Review ICO: EFFECT.AI - decentralized Network for artificial intelligence

Website: https://effect.ai
Telegram: https://t.me/effectai
Bitcointalk: https://bitcointalk.org/index.php?topic=2737469.0
Twitter: https://twitter.com/effectaix
Мedium: https://medium.com/@effectai

Name cryptocurrency: EFX
The exchange ratio under the ICO: 1 EFX= € 0.057 / $ 0.07USD
Date:

• ICO: 24/03/18 - 11/04/18
  Bonus ICO: 10%
  Blockchain: NEO
  Soft cap: € 4,280,000
  Hard cap: € 14,820,000

Brief description of the project:
Effect Network sees its mission in creating a platform for the development and application of artificial intelligence technology, necessary in the modern world for automation and algorithmization of processes with their subsequent implementation in various industries. The Effective Network platform - an open decentralized network on the NEO unit allows human intellect to teach artificial, create various standard tasks, combine these tasks in accordance with the required conditions and on this basis create new more complex automated tasks with the help of artificial intelligence.
The project consists of three phases: EFFECT M-Turk, EFFECT Smart Market and EFFECT Power. For each phase, the funds collected as a result of the token are reserved.
EFFECT M-Turk is the first stage in which any person, performing a wide range of tasks and receiving rewards for this, is actually engaged in teaching artificial intelligence. Developers of AI and enterprises with this platform will have access to the capabilities of human intelligence for learning AI algorithms. 20% of the collected funds are used to develop the technologies and efficiency of the M-Turk platform.
EFFECT AI Smart Market is a service of the market for AI algorithms. AI developers can sell, lease or provide their algorithmization services. Algorithms can unite and cooperate, creating new automatic tasks to solve such issues that can not be solved by one artificial intelligence. The last stage of EFFECT Power provides for a decentralized distributed computing platform. This system of in-depth training is designed to solve the most difficult tasks. The core of the computing platform will be based on the networks Caffe, MXNet and Tensor.

Pros:
Prospective direction, has great opportunities for global development in the way that today mankind needs the help of fast and non-biased analytical systems for the further development of various technologies. The project is designed to simplify and reduce the cost of the artificial intelligence training system and to solve a number of problems in this area. Effect Network provides the availability of an artificial intelligence network for any user of the platform; exchange and accumulation of a large amount of useful information; Improved performance by purchasing on-site algorithms. Plus the Effect Network is a small barrier to entry, there are no commissions. There is a system for evaluating platform users.
Effect Network will support decentralized exchange with a pool of tokens to provide liquidity, encourage the adoption of the Effect Network and stabilize network fees. This is the Galaxy Pool and consists of EFX, NEO and GAS and possibly other tokens. The Galaxy Pool provides a stable exchange rate for the platform users at any time. The economy of the token is well developed. Well documented technical documentation. The project is being implemented since 2016 and the introduction of the third phase is envisaged for 2019. Strong team from the Netherlands. Among the advisers - the legendary entrepreneur Charlie Schrem, is widely known as an authority in the technology of blockade.

Cons:
Technological risks of learning artificial intelligence. Market risks affecting the economy of the token: so far one can only hope that artificial intelligence will be of interest not only to science and technology firms, but also to people in their daily lives.

Short-term growth potential: low
Long-term growth potential: high
Investment risk: medium
The presence of Bounty program: +, http://www.g0blin.com/effect/translation-campaign/

Rating: 18 / 25

Author: https://bitcointalk.org/index.php?action=profile;u=223497