Effect.AI is an Amsterdam-based project that is working on a decentralized network for Artificial Intelligence and AI related services on the NEO blockchain. Effect.AI's main objective is to build a platform that will stimulate AI development and the creation of various AI services.
The platform will be more democratic, accessible and easy to use than what is currently available. A beta of the project's first phase, the Effect Mechanical Turk, is set for launch in the second quarter of 2018.
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.
Phase 1 MEHCHANICAL TRUNK
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.
Phase 2 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.
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.
EFFECT.AI Token Sale Details
Start Date: March(exact date TBA)
End Date: 18 days after start date
Soft Cap: € 4,280,000
Hard Cap: € 14,820,000
Discount: 10%For the first 5,200,000 tokens (2% of token sale)
Minimum invest:€ 50
Maximum invest: € 25,000
Accepted currencies: NEO, GAS
Maximum numbers of tokens generated: 650,000,000 tokens
Token Sale percentage: 40%
Effect Token Distribution details:
40% is available for public
15% Effect.IA Team
20% Future Funding
7% Partnership & Advisors
16% Platforms Incentives
2% bounty
