EFFECT.AI NETWORK

pathi87 (38)in #effect • 6 years ago

The market for artificial intelligence seems to be one of the most promising. According to preliminary forecasts, by 2030 it will reach $ 15.7 trillion. It's not surprising that many projects and start-ups focus their attention on this niche. Project Effect.AI - one of them.

Effect.AI is a decentralized block platform that is created for the development of the segment of artificial intelligence and the provision of services associated with it. It is predicted that many services will soon be connected in one way or another with AI: trade transactions, logistics, financial and other services. This will make its own adjustments not only in the economy but also in the everyday life of ordinary people.

Effect.AI makes an attempt to create a viable ecosystem that all business entities (both large and small) can use to implement and test artificial intelligence algorithms for the convenience of customers and their own profit.

Features of the new project

Project Effect.AI is based in Amsterdam, it is not a newcomer to the market, the service was initiated by a well-known Dutch software company operating since 2015. The Effect.AI team previously worked together in the company Itsavirus, specializing in the development of complex technical algorithms for large international corporations. Among the customers of Itsavirus are Shell and Heineken.

The success of the blockade and bitcoin inspired most of the team of Itsavirus to create its own project, which is Effect.AI, designed to popularize and stimulate the development of the field of AI. The network, which will provide services in the market of artificial intelligence, was called The Effect Network, for work it will use the NEO blocking system and internal tokens of NEP-5 AIX.

The effect and benefit from the work of such a site can be assessed over time, they will depend on the speed of integration of the principles of artificial intelligence into the economy, and the attitude of ordinary users to such innovations.

The Effect Network platform will be launched in 3 stages, that is, there will be 3 stages of development:

M-Turk is a decentralized market for tasks whose solution requires the participation of the human intellect. That is, developers of applications or services based on artificial intelligence will have access to specialists who have experience and knowledge in the field of AI. The last for executing tasks will be charged in AIX tokens.
AI Marketplace is part of the overall ecosystem The Effect Network, which is a platform where users can offer or buy AI services, communicate and share experiences.
Effect Decentralized AI - this stage is the development of a platform for the distribution of computing power to ensure the normal operation of the service around the world.
Thanks to the project Effect.AI it will be possible to set tasks in the field of AI, expose an approximate fee for their implementation and find people who can solve these problems.

PROS AND CONS

PROS

You can explore a lot of transparent and clear information in this Effect AI Network. It also is the most attractive strength that makes this project to become a leader.
At present, many large companies and governments from over the world have been investing in this project strongly. Therefore, the market for Effect AI Network is more and more widened.
Sometimes, to avoid the popular spreading, many tokens will be locked. In addition, this project’s capital is a suitable number. Two ingredients make motivation for all of Effect’s team completes this project perfectly.
Many strong investors are attracted to NEO platform that is being used by Effect AI Network.
As I mentioned above, the peer Effect Mechanical Turk allow the connection between supplying and demanding become more directly and efficiently.
The most important factor that makes the success of Effect AI Network is its ideal team. The development team includes a lot of excellent members who have deep knowledge and experience in blockchain technology, business, and artificial intelligence. There are 5 main developers: Chris Dawe – Founder and CEO of Choice Energy Corporation and Manager of Project in Itavirus; Jesse Eisses, Nico Curylo … with a lot of experiences in programming blockchain,

CONS

Effect AI Network has a lot of benefits and makes people’s life more convenient. However, how can people understand those benefits? It is necessary for Effect Team to invest in Marketing and educating users about their products. When we understand clearly about something, we can apply it to our life more smoothly and professionally.
Effect AI Network needs to improve their idea in blockchain technology in a competitive market. Therefore, the Effect team is going to create connections, partnerships and other types of offers to get those businesses on board with them.
In this field, there are many big components that the Effect AI Network need to understand, co-operate, and try to become the leader. We can list them as Deep Brain Chain (DBC), SingularityNET (AGI), Gem, AdHive, Auctus Amon Faceter, VectorZilla,etc.

A few words about the ICO

Token Sale project is scheduled for March 2018, the exact date will be announced shortly. Krausdale will last 18 days, that's what is known about him at the moment:

The total number of AIX tokens is 650,000,000;
Currencies accepted for payment: ЕТН, NEO;
The minimum investment target is 4,280,000 euros;
The maximum investment target is 14,820,000 euros;
Bonus for the first participants - 10% (for the first 5 200 000 tokens);
The minimum amount of the deposit is 50 euros, the maximum amount is 25,000 euros.

Distribution of emitted tokens:
public sale - 40%
reserve for future financing (will be reserved by a smart contract for 18 months) - 20%;
allocated to the Galaxy Pool - 16%;
reserve for the project team - 15%;
partners and advisers - 7%;
bounty campaign - 2%.
Official site Effect.AI - https://effect.ai, here you can not only find detailed information about the project, subscribe to its pages in social networks but also monitor the approach of ICO.