EFFECT.AI Decentralized Network For Artificial Intelligence

Artificial intelligence is intelligence displayed by machines,in contrast with the natural intelligence displayed by humans and other animals.In computer science AI research is defined as the study of intelligent agents : any device that perceives its environment and takes actions that maximize its chance of success at some goal. Colloquially,the term artificial intelligence is applied when a machine mimics cognitive functions that humans associate with other human minds,such as learning and problem solving.

Our 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.
1.The first platform is a marketplace for tasks that require human intelligence.It allows anyone in the world to perform tasks for a fair payment and gives businesses access to a large workforce of human intelligence.
2.The second platform is a decentralized registry of AI services described by a rich ontology.On this platform any algorithm can be accessed as a service in a unified manner and has a convenient way to receive payment.
3.The last platform provides a decentralized,distributed computational platform that can run popular deep learning frameworks.The effect of this network will define the future relationship between humans and AI.Official Website https://effect.ai/

Phase 1 and 2 of The Effect Network will decentralized the data gathering and usage of AI products.Up to this point the algorithms themselves still run on centralized servers.In the final phase of The Effect Network the algorithms will be decentralized on the blockchain,so that the algorithms run globally on the NEO blockchain.

How it Work

• Requesters
  Effect Requesters can put tasks on the Effect Mechanical Turk platform to be completed by workers.The requesters can decide how much AIX the workers will get for each completed task.The requesters can retrieve the results from the Effect Mechanical Turk platform and use these results to for example train their AI algorithm.Effect Mechanical Turk gives requesters access to an on-demand,scalable and distributed workforce.
• Workers
  Effect Workers can choose tasks on the platform that are made available to them by requestors.Workers might be excluded/included from tasks based on certain criteria such as location,age,gender etc.Workers can complete the tasks from the requesters in exchange for the AIX tied to these tasks.
• Tasks
  The job offers on the platform are tasks that require human intelligence.These tasks are called Human Intelligence Tasks or HIT’s for short.Effect maintains a database of deployed smart contracts to make it easy for requesters and workers to interact with the network.Adding smart contracts to the network is handled through governance. Affiliate programs will cover costs of deploying new contract types.

It is important to maintain liquidity in AIX,especially during the early days when there is no listing on exchanges.Ideally the following actions should always be possible:

1. Workers are able to sell their AIX rewards for native tokens
2. Requesters and network users should are able to buy AIX
   For a new token on the market this kind of liquidity can be hard to achieve and can be hurt by speculative trading.The Effect Network will maintain a central pool of tokens to provide liquidity, encourage adoption and stabilize network fees.This pool is called the Galaxy Pool and consists of a mix of AIX and native tokens.Several rules will drive the Galaxy Pool towards an equilibrium balance.These rules can later be refined by means of governance.The Galaxy Pool ensures stable exchange rates for users of the platform at all times.

Effect Token Distribution details
Start Date :March 2018 (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 ico)
Minimum invest : € 50
Maximum invest : € 25,000
Accepted currencies : NEO, ETH
Maximum numbers of tokens generated : 650,000,000 tokens
Token Sale percentage : 40%

Distribution details
40% Public Token Sale
20% Future Funding
16% Platform Incentives (Galaxy Pool)
15% Effect.AI Team
7% Partnerships & Advisors
2% Bounty
Funds Distribution Details

• Research
  3 % Blockchain
  2 % AI
  2 % IOT
• Blockchain and Platform
  20 % Technology development and Effect M-Turk platform
  13 % Advanced Functionality of Blockchain & Smart contacts
  10 % Security and Hardware
• Business
  18 % Requesters & Workers Acquisition
  15 % Marketing
  9 % Operations, Overhead, Legal,Administration
  8 %Parnership & Talent Acquisition

Whitepaper : https://effect.ai/download/effect_whitepaper.pdf
Lightpaper : https://effect.ai/download/effect_lightpaper.pdf
Telegram : https://t.me/effectai
Twitter : https://twitter.com/effectaix
Facebook : https://web.facebook.com/effectai/
Blog : https://medium.com/@effectai
Linkedin : https://www.linkedin.com/company/27091205/
Ann Threads BTT : https://bitcointalk.org/index.php?topic=2737469.0

My Account BTT : https://bitcointalk.org/index.php?action=profile;u=395093