The digital asset that powers Decentralized AI development
Perform tasks on the micro-tasking platform Effect Force
Become an Effect Force Worker
Offer a gateway to an algorithm or AI solution you have created on the Effect Smart Market
Participate in the Smart Market Beta
Rent out extra CPU/GPU to Effect Power. Your contribution will be part of the distributed pool that
organizations can tap into to run Deep Learning Frameworks
EFX holders can stake tokens to improve their rank in The Effect Network. Achieving a high rank has many benefits, like vote casting, reward collection, and gaining privileges on the dApp level. All ranks are accompanied with a degree of responsibility in the Network and users are held accountable for their actions with the risk of losing their stake position – their value and the associated privileges. This means staking can be seen as a proof of commitment and is used as a primary quality measure in the network.
The Effect Network is governed by a democratic process where users can vote on key aspects of the network. The most important topics are the configuration of smart contracts and the allocation of Galaxy Pool funds. On the highest level is the Effect Council, its members are allowed to initiate new voting topics and have the highest voting weight.
At the core of The Effect Network (TEN)
is a smart-contract based protocol.
Developers are able to use the protocol to create their decentralized AI related services. This is an
easy way to gain access to the directory of users, algorithms and compute nodes and the related staking
and governance mechanisms of TEN.
TEN is powered by the EFX token and governed by the Effect Council.