The EFFECT Network
The 3 phases of The Effect Network require no fees, have a low barrier of entry and provide fast growth to its users. It runs seamlessly on the NEO blockchain and is fueled by a network NEP-5 token. The effect of this network will define the future relationship between humanity and AI.
Effect Force is the first phase of The Effect Network. It is an interactive marketplace for tasks that require human intelligence. Think of it as a decentralized Mechanical Turk which allows anyone in the world to perform a wide range of tasks and receive fair payment. It gives AI developers and businesses access to a large workforce of human intelligence to train AI algorithms. When a worker completes a task, they are paid with a network NEP-5 token called EFX.
The Effect AI Smart Market is a decentralized platform where people can offer and buy AI services. This phase is a natural progression of the network. It will be an open marketplace for offering AI and machine learning algorithms as a service. This marketplace is where AI developers with functional algorithms can sell, rent, or give out its service for a simple and easy payment with the EFX token. Each algorithm will have its own wallet to allow for easy acceptance of transactions. The Effect AI Smart Market also allows algorithms to communicate and collaborate with other algorithms and purchase services from each other.
The last phase provides a decentralized, distributed computational platform that will run popular deep learning frameworks. The Effect decentralized compute engine is based on frameworks like Caffe, MXNet and TensorFlow. We want to distribute the computational power of all AI so there is no single point of weakness. We can do this through partnerships with projects like Golem, or through creating the framework ourselves.
What is Effect.AI?
Digital Token for AI
The Effect Network in Action
The Effect Network will maintain a decentralized exchange with a pool of tokens to provide liquidity, encourage adoption of The Effect Network and stabilize network fees. This pool is called the Galaxy Pool and consists of a mix of EFX, NEO and GAS and possibly other tokens. Several rules will drive the Galaxy Pool towards an equilibrium balance. These rules can later be refined by means of governance. The Galaxy Pool ensures stable exchange rates for users of the platform at all times.
The Galaxy Pool is not suitable for day traders, as only Galaxy token (G-token) can be bought or given to platform requestors and can not be traded off the platform. The G-token is converted into regular tradable token by spending it through an Effect service contract. These are the service contracts from the tasks and service registry. This protects the Galaxy Pool from external manipulation and keeps exchange rates stable for workers and service providers.
The EFFECT.AI Advisers
We are proud to introduce the friends and advisers of EFFECT.AI
Legendary entrepreneur Charlie Shrem is widely recognized as an authority when it comes to blockchain tech. By leveraging his experience and connections in the industry, Charlie will help launch The Effect Network as a leading platform for artificial intelligence.
Tony Tran, CTO and co-founder of innovative housing rentals platform The Bee Token, will use his background in artificial intelligence and blockchain technology to add tremendous value to Effect.AI and its plans for an open and decentralized AI platform.
Sally combines a depth of experience as a CTO, Practising Professor of Blockchain, Founder and Global Strategic Adviser, specialising in the application of disruptive technologies for both business and societal benefit. Sally has joined Effect.AI as an Adviser after recognizing its potential for positive change.
Steven Deurloo is an experienced financial Adviser who has been with Effect.AI since the early stages of development. With degrees in both law and economics, Steven brings a wealth of experience to the table when it comes to finance, contracts and legal structures.
The EFFECT.AI Team
We are proud to introduce the EFFECT.AI team
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