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  • Effect.AI
    ICO_LIST_icon_flow

    CryptoPotato score

    8.2/10

    Effect.AI

    Effect.AI is a Decentralized Network for Artificial Intelligence. An open, decentralized network that provides services in the Artificial Intelligence market.
    The Artificial Intelligence market is growing at a remarkable rate but is becoming increasingly more inaccessible by every passing moment.
    Use the Effect Token to gain access to The Effect Network to buy, trade, develop and use AI services.

    Effect.AI Review and Rating

    8.2

    Team

    8.0/10

    Stage of The Project

    7.5/10

    Project Potential

    7.5/10

    Community

    9.0/10

    Token-Use

    9.0/10

    Token Sale Terms

    9.5/10

    White Paper

    7.0/10

    Technology

    8.0/10

    Pros

    • Fair ICO terms with a great community: Almost all of the funding of ~18 Million USD is to be raised via the public sale. Considering the over-whelming community interest, 25,000+ Telegram members to this project, the individual cap is expected to be small (~18 M USD/Number of approved whitelist subscribers). The Effect.AI token sale model (Similar to 0xProtocol token-sale model) will create a situation where there will be almost no token holders with a large proportion of the tokens.
    • AI algorithm market: first mover Although the Effect Smart Market (phase 2) is to be launched in Q1 2019, there currently aren’t any major platforms providing this service. Considering the ongoing penetration of AI technology into our daily life, there should be a need for a marketplace to connect AI algorithms with any entity that is seeking to utilize algorithms with learning abilities in their company. The relative first -mover advantage of the Effect Smart Market should help the project to penetrate the market and to attract a user base.

    Cons

    • Market Penetration: The Effect.AI first phase is the Effect Mechanical Turk, the task of attracting users to a new platform is a great challenge. Especially when you consider that the big companies like Amazon, Fiverr, and others dominate those marketplaces. We should expect announcements of partnerships in the near future as funding is being reserved for that purpose. On the supplier’s side (Workers) - mainly third world entities like banks and governments and on the demand side (Requesters) with AI program developing companies.

    Public Sale Ended

    01 Apr 2018

    Total Hardcap
    $18,285,657

    Token: Effect

    Token type: NEO

    ICO price: 1 Effect = 0.07 USD

    Finite token number: 650000000

    Token Allocation: 40% Public, 20% Future Funding, 16% Platform Incentives, 15% Team, 7% Partnerships and Advisers, 2% Bounty

    Availability: USA, Chinese, South Korean and Singaporean citizens excluded

    Status: Whitepaper, MVP

    Accepted Currencies : BTC, NEO

    Effect token

    Current price:
    0.0084049 $ (+8.765 %)
    0.000000805 BTC
    0.000043102 ETH

    Volume 24H:
    1,034$
    Market Cap:
    1,737,032$

    ROI since ICO

    • USD

      USD

      0.12x

    • ETH

      ETH

      0.28x

    • BTC

      BTC

      0.09x

    Community

    Twitter 9,804 followers

    Telegram 9,407 members

    Team Members

    chris

    Chris R. Dawe

    CEO

    Jesse Eisses

    Jesse Eisses

    Blockchain Lead

    Laurens Verspeek

    Laurens Verspeek

    Lead Developer

    Nick Vogel

    Nick Vogel

    Lead Designer

    Advisors

    Effect.ai_advisor_1_charlie-shrem
    Founder at CryptoIQ, Founder at Bitcoin Foundation

    Charlie Shrem

    Advisor

    effect.ai_advisor_2_Tony_Tran

    Tony Tran

    Advisor

    Effect.ai_advisor_3_Sally_Eaves

    Sally Eaves

    Advisor

    Effect.ai_advisor_4_Steven_Deurloo

    Steven Deurloo

    Advisor

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