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

crowd sale

Cap: 18,285,657 USD
March 22, 2018 - April 1, 2018
10%

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

Disclaimer: All ratings published on CryptoPotato are for informational purposes only. CryptoPotato does not provide investment forecasts, recommendations or consulting. Thus, neither CryptoPotato nor its writers can be held responsible for its visitors’ investment decisions. CryptoPotato is not affiliated with and does not endorse or sponsor any listed token sales. CryptoPotato may receive a fee for advertising certain token sales, in which case it will be designated and marked accordingly. CryptoPotato may receive a fee for conducting due diligence before listing, rating and/or evaluating a token sale. CryptoPotato will never accept a fee in exchange for a certain rating score and/or evaluation for token sales. Full disclaimer

Scroll to top