EFFECT.AI introduces FSD: Fair Share Distribution
Getting a fair share in the Effect.AI Token Sale.
Effect.AI is committed to conducting a fair and transparent Public Token Sale where everyone gets an equal opportunity to purchase EFX tokens. In order to achieve this, the Token Sale will feature two stages:
Stage 1 — Fair Share Distribution
Upon logging in to Stage 1 of the Token Sale, you will be greeted by a 24 hour countdown timer. This indicates the remaining time period where your fair share is reserved exclusively for you. This means Stage 1 of the Token Sale is not first come, first serve. You have the full 24 hours to purchase your fair share of EFX tokens. After the first stage, the FSD cap is lifted and the Token Sale enters its second stage.
Your personal Fair Share for this stage will be 1200 euro or 1480 dollar. A conversion calculator will be available during the Token Sale to calculate the amount of EFX tokens you will receive.
Please note: you are allowed to participate in both stages. You can first purchase the tokens reserved for you in Stage 1 and then participate again in Stage 2.
Stage 2–25,000 euro personal cap
When the countdown timer reaches zero, Stage 2 of the Token Sale will commence. In the second stage, the lower FSD cap is lifted and you will be able to fill the full 25,000 (twenty-five thousand) euro maximum cap. Unlike in Stage 1, EFX tokens in Stage 2 are sold on a first come, first serve basis. It is wise, therefore, to not wait too long if you wish to increase your contribution after the first stage.
The 10% bonus will apply at the start of this stage.
Why are we doing this?
Effect.AI’s main objective is to build a decentralized platform that will stimulate AI development and the creation of various AI services. The platform will be more democratic, accessible and easy to use than what is currently available. Making sure the Token Sale leads to a fair distribution of EFX tokens will prove instrumental in realizing these goals.
Charlie Shrem weighs in
You can also check out the video conversation below where Effect.AI Advisor Charlie Shrem discusses the Token Sale, Fair Share Distribution and the two stages with Effect.AI CEO Chris Dawe.
EFFECT.AI Token Sale goes live on March 24
By now you will have heard that the Effect.AI Token Sale is taking place on Saturday March 24 at 11am CET. Mark your calendars, because this train is leaving the station. Starting next week, our subscribers will receive detailed instructions for the Token Sale. Stay tuned!
Chris & The Effect.AI Team
Effect.ai
T.me/effectai
Facebook.com/effectai
Twitter.com/effectaix
Github.com/effectai
Fair Share Distribution is the right approach to get masses into the main stream of the crypto world and given this it will also help Effect.ai team to reach to the masses and build a strong and robust decentralized workforce.
Yeah, I agree that approach is a move in the right direction. The spirit of decentralization requires this kind of fair token distribution, so all supporters can get involved in the project.
I am waiting and consolidating funds.
twelve hundred is a big margin for small and medium investors, and if someone wants to invest more, they must abstain for the first 24 hours. It's a fair approach.
I am very happy to be a part of this community and see how the grandiose project is developing. already from the very beginning you are very organized. And, as you have already noticed, even the sale of tokens should lead to accessibility, simplicity and democratization. Thank you team EFFECT. You are the best!
Effect.ai is one of the best coins in today's crypto currency market. It has great road map and clear future. Project team is working hard to achieve the success of the project. guys be hurry and join with this great project.
Very good decision from effect.ai team , to give all investor chance to join this token sale. This project will have success! Good Luck at the ICO
I like the way this system works for everyone. a Fair system that actually is fair. Will be interesting to see if this system gets adopted by other ICOs
Excellent idea. Everyone should get an equal opportunity and with fair share distribution I agree that this will come true. This also shows the dedication of the team towards the project. Al the best.
It's a supremely classy feature - and one that should be common practice, I believe. Nothing worse than being shut out of a meaningful project, or the stress of your transaction going AWOL in an all-out gas war. This helps restore a bit of order and calm to the process.
Very good decision from effect.ai team, to give all investor chance to join this token sale. This project will have success! Good Luck at the ICO.
Its good to see Effect.ai team is working hard towards making the token sale a huge success. The FSD introduction is the best decision take to ensure a fair and transparent public token sale.
That is wonderful. Not first come first because as a small investor i done have the funds to battle gas war, it always sold out.
Nice work. Appreciate #Efx