Effect.ai - three phases of new life.
Effect Network concept can be implemented in real life, a localized place. Effect.AI brings AI-algorithms to a proven localized place, powered by blockchain could be applied by everyone.
Closed, localized ecosystem named the Effect.AI Network. It is performed with purpose to develop in the mechanical turk, clever market, power and operates completely about embedded smart contracts on a Turing-complete blockchain.
The Effects Network can be deployed and used as a decentralized application. In order for system to grow and to become sustainable, must be a form of governance. Participants must have an incentive to use token EFX according to purposes of tasks. Company does not want to encourage investors for quick cash profits, so that place can grow and slowly get market value from existing centralized work.
It is significant to preserve exchangeability in EFX tokens, particularly in the early days, when there is no listing on stock exchanges. Some actions should be achievable according to users of system. Employees can sell EFX rewards according to their own tokens and customers, users should be able to buy EFX. According to a new token at this place, liquidity can be difficult to get and can be painful according to not based on fact or investigation trading Effect Network.
Users on web will be rewarded according to effort. To prevent users from performing work with poor quality, the network will evaluate users according to quality of work. Consumers who put in a good effort will receive a higher influence. Assessing the reputation of AI (EPS) and users who make a poor effort will get lower ERS. This account will be gradually phased out over time. Workers with higher ERS will be able to qualify for a higher rewarding job than workers with lower scores. In addition, workers with higher ERS will have to pay a lower fee for received tokens EFX to EGP.
ERS credited to AD-hoc users can be rated according to good performance and this can happen in two ways. The task proprietress can add estimates of the truth / well-known answers examples. If an employee evaluates an example similar to land-the truth provided by task owner, they are rewarded ERS, differently they lose that score. Thus, the rating occurs after the end time of task.
The second way is that workers speechified similar work and performance on the same Human.
One of example of the use of Pool Galaxy is provision of liquidity on supply side EFX. Clients of services can purchase GFX, which can only be used to execute service contracts. Service providers can sell EFX EGP at fixed rates. Since betting can be profitable compared to market, this exchange should be limited to members of the network. To do this, they introduce Galaxy Allowance.
Advisors of the project are Charlie Shrem, Tony Tran, Sally Eaves and Steven Deurloo. Team consists of chief executive officer Chris Dawe, chief technology officer Jesse Eisses, chief commercial officer Nick Vogel, chief operating officer Pieter Huige.
The effect and benefits of such a place can be estimated over time, they will depend on speed of integration of principles artificial intelligence in economy, and attitude of ordinary users to different innovations.
EFFECT.AI Token Sale will start at March 24th. The end day will be after 18 days of start date. Soft Cap will be € 4,280,000 and Hard Cap € 14,820,000.
To the first 5,200,000 tokens will be positive stimulus according to 10%. Minimum contribution is € 50 but maximum contribution is € 25,000.
20% of tokens according to future depositing smart employment agreement with you will be blocked for 18 months. If certain steps are completed tokens will be released according to a second round of funding according to the later phases of project.
Conclusion
Accessibility of an open, available place for intelligent recursive work and development will be big step in our future. Artificial intelligence (AI) and decentralization are real coincidences, it should be reinforced in the future. Vision and Road map for the development Effect.AI Network is the establishment of affordable and market decentralized AI.
Effect.AI will be using NEP-5 for the ICO it is really very fast transactions get confirmed faster and it will be safe according to your funds. Also Effect.AI has strong team with great plans that have great merit, strong concept, decentralizing workforce with utilization of AI. Everyone can use this system and can feel safety according to their investments.
This idea has great possibility even with completion of only the first part. Eliminating the middleman, employees can earn very large and make payments directly with use of cryptocurrency.
Squad is on junior step, most part of members have relatively less experience in this theme. This is unclear if they can work with a project that is intensively developing.
Additional links:
Website | Whitepaper | Telegram | Blog | Github
Authored by: Will.Smith