Effect.AI - AI platform - ICO on NEO blockchain and protection from big whales - Quick analysis

in #cryptocurrecy • 6 years ago (edited)

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Effect.AI is a Decentralized Network for Artificial Intelligence powered by NEO

The AI market is growing at a remarkable speed right now but most of the development is behind closed doors of big corporations like Google, Facebook or Amazon. Effect is building a complete, open and decentralized platform that provides all services it the currect centralized market. The network will be deployed in three consecutive phases, allowing adaption and development of the network to grow together. Below information is gathered from https://effect.ai and the official Telegram group.

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Phase 1: Effect Mechanical Turk

Effect Mechanical turk is a decentralized, p2p marketplace for human micro-tasking. Requestors put tasks on the platform which are completed by workers to train their A.I algorithms. Closest cryptocurrency competitor is Gems and outside crypto - Amazon, but Effect Mechanical Turk will have no restricted countries, significantly better and instant payouts than Amazon M-turk. Big plus is they already have working MVP!

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Phase 2: Effect Smart Market

Phase 2 of Effect.ai plans to implement an AI marketplace where developers can trade their AI Algorithms. Closest cryptocurrency competitor is SingularityNET (which raised $36M in a matter of seconds)

Phase 3: Effect Smart Market

Effect Power is distributed computational power needed to run deep learning frameworks and other AI algorithms. Closest cryptocurrency competitor is DeepBrainChain.

Effect.AI vs DBC vs SingularityNET vs DeepBrain Chain
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Reasons I believe Effect.AI will do well:

  • NEO - best investment of the top 10 coins for January - the team have spent a lot of time researching blockchains and personally met with the heads of LISK, EOS and decided to go with NEO after a 4 hour+ meeting in China
  • Effect.AI will decentralize AI, putting it into the hands of regular people
  • Small Team Funding (Gems 75% - Effect.ai 15%)
  • Team tokens locked for 2 years
  • Effect M-turk offers SIGNIFICANT advantages for both requester and worker vs Amazon M-turk
  • NO Private Sale! No Pre-Sale!
  • Effect.AI seem very passionate about wanting a fair whitelist process and to distribute tokens to as many community members as possible (no date yet, could be a few weeks yet according to Telegram)
  • 25k euro max purchase

Useful links:

Web: https://effect.ai
Telegram: https://t.me/effectai
Bounty Telegram: https://t.me/effectaibounty
ANN: https://bitcointalk.org/index.php?topic=2737469.0
Bounty: https://bitcointalk.org/index.php?topic=2785617.0
Medium: https://medium.com/@effectai
Reddit: https://www.reddit.com/r/effectai/
Twitter: https://twitter.com/effectaix
Facebook: https://www.facebook.com/effectai/
LinkedIn: https://www.linkedin.com/company/27091205/
GitHub: https://github.com/effectai
Steemit: https://steemit.com/@effectai

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6 years ago in #cryptocurrecy by
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