A Cost Effective Decentralized Artificial Intelligence Ecosystem for All

in #blockchain6 years ago (edited)

The aim of The Effect Network is simple: create a fully decentralized network of artificial intelligence (AI) that is open for all users who are interested in the technology.

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Source

The development of The Effect Network is divided into three phases for its users which runs on the NEO blockchain and fueled by a network NEP-5 token.

effectai phases.JPG

Source

Phase 1: Mechanical Turk

This is an interactive marketplace for tasks that require human intelligence. This stage will drive user growth and the development of the network.

Phase 2: Smart Market

A decentralized open platform (serves as a market or an exchange) for users to buy and sell AI algorithms as a service. This phase will bring artificial development to the network

Phase 3: Power

This phase provides a distributed computational platform for running popular deep learning frameworks. This phase will power the AI by distributing the computational power of all AI without a point of weakness.

With these three phases, users will directly take advantage of AI technology without any intermediary. The Effect Network will be faster, cheaper, and more effective.

Uses of the Effect M-Turk

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A decentralized on-demand, scalable and distributed workforce. Source

For requesters

Your tasks will be completed by workers when you put them on the M-Turk platform. You get to decide the rewards for each completed task. Here are some benefits you get as a requester:

  1. Get results

  2. Load tasks

  3. Retrieve results

For workers

As a worker, you make money when you complete tasks by a requester. Typical tasks can be image classification, audio transcription, data labeling and other tasks. The process is simple:

  1. Find interesting tasks

  2. Get paid

  3. Make money

The Galaxy Pool

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The Effect Network will maintain a decentralized exchange with a pool of tokens to provide liquidity, encourage adoption of The Effect Network and stabilize network fees. This pool is called the Galaxy Pool and consists of a mix of EFX, NEO and GAS and possibly other tokens. Source

Check out my video presentation of the ecosystem:

Token Sale Details

Start Date: March 24th, 11am CET
End Date: 18 days after start date
Soft Cap: € 4,280,000
Hard Cap: € 14,820,000
Bonus: 10% for the first 2% of tokens
Minimum Contribution: € 50
Maximum Contribution: € 25,000
Accepted Currencies: NEO, GAS
Maximum Supply: 650,000,000 tokens
Token Sale Percentage: 40%

More Information

Effect.AI Website || Effect.AI WhitePaper || Effect.AI LightPaper

Effect.AI YouTube || Effect.AI Medium || Effect.AI Facebook

Effect.AI Twitter || Effect.AI Telegram || Effect.AI Review/Explanation Video

This article is a response to @originalworks writing contest

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Great piece of work.
I've heard about effect.ie and I would also love to hear what do you think about DBC (Deepbrain Chain) and Singularity. How those two look comparing to effect.ie in your opinion?

Im personally quite bullish on DBC (mostly because DBC is related to NEO) and I hope to hear what do you think about this coin.

I will be following you closely.

One more time: great piece of work

Hi again

I decided to check your profile just to realize that we seem to share a number of interests :)
In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)

Please continue up with creating interesting content - it may be hard at the beginning to build reach and solid followers base.
Steemits needs solid content builders so just dont ever give up! :)

Cheers, Piotr

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