A Cost Effective Decentralized Artificial Intelligence Ecosystem for All
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.
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.
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
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:
Get results
Load tasks
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:
Find interesting tasks
Get paid
Make money
The Galaxy Pool
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
effect.ai2018
You got a 33.33% upvote and resteem from @ebargains courtesy of @stojay007. Thank you for using the @ebargains UPVOTE and RESTEEM bot.
If you are looking to earn a passive no hassle return on your Steem Power, delegate your SP to @ebargains by clicking on one of the ready to delegate links:
50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | Custom Amount
You will earn 80% of the voting bot's earnings based on your delegated SP's prorated share of the bot's SP pool at the end of EACH voting round! That is over 38.5% APR! You can also undelegate at anytime.
This post has been submitted for the OriginalWorks Sponsored contest!
You can also follow @contestbot to be notified of future contests!
You got a 10.42% upvote from @upmewhale courtesy of @stojay007!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
You got a 14.29% upvote from @steembidbot courtesy of @stojay007!
This post has received a 11.11 % upvote from @chronocrypto thanks to: @stojay007.
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