Effect.AI

Effect.AI (EFX) is an Amsterdam-based project founded by Chris Dawe in 2016, which works on a decentralized platform for artificial intelligence on NEO blockchain. The official sticker symbol for Effect.AI token is EFX, which belongs to token type NEP-5.

History

Effect.AI's ICO started from March 24, 2018 to April 12, 2018. During the ICO period, it raised EUR 11,039,106. On 12 January 2019, Effect.AI announced a partnership with the Decentralized Artificial Intelligence Alliance (DAIA). In February 2019, Effect.AI announced that they will leave NEO blockchain and migrate to EOS blockchain.

Three phrases in Effect.AI network

Phrase 1: Effect Mechanical Turk

With Effect Mechanical Turk, users can perform tasks that teach and develop AI algorithms by consuming EFX tokens. Also, Effect Force allows users to create custom tasks in an isolated environment. Users will receive AIX tokens tokens as rewards if the tasks are completed with smart contracts.

Phrase 2: Effect Smart Market

The Effect Smart Market is a decentralized AI marketplace for users to offer or buy AI and other machine learning devices.

Phrase 3: Effect Power

The Effect Power distributes computational power to run learning frameworks and other AI algorithms.