Artificial intelligence isn’t a fantasy anymore. It surrounds us in many aspects of our life, makes it easier and more convenient. Unfortunately, now it’s only at the beginning of the way, and it takes a lot of time and effort for his education and development. But to create a better AI, we need to create templates and algorithms, which will make it work. Its training is carried out directly by people, performing a variety of tasks. Giant companies such as Amazon, Google, and others have many users, and therefore all the opportunities to achieve these goals. But they also take up to 40% of the earnings of people who perform tasks. It would be great if every person on the planet had an opportunity to contribute to the development of our future, could make a contribution and receive a worthy reward. Is it possible? AI is the sphere of the future, and the Effect.AI team will help us to step forward towards it.
It is worth noting, Effect.AI is a long-term project, which is divided into 3 phases. Let's briefly review each of them.
The first phase is The Mechanical Turk. This is perhaps the most important part, because here templates will be created, which will further develop the AI. Basically, users will directly receive simple tasks and receive rewards for its performance. According to forecasts, the average hourly pay will be at the level of 9.40 dollars and this is really great (the same Amazon system allows you to earn only 2.13).
The second phase is The Smart Market. Based on the people's tasks, algorithms will be created for AI. The second phase will create a decentralized market, where you will be able to sell or buy them. As in the first phase, the tokens of the network will be used for payment.
The third phase is The Effect Network. To teach AI, to process information, to form algorithms, you need huge both computing and power capacities. With the help of the NEO blockchain, a supercomputer will be created that can perform these tasks. Because of the decentralization of the blockchain network, it will allow the project to reach the global scale.
Almost the whole team, led by Chris Dawe, consists of young specialist from the Netherlands who has already worked together on the project Itsavirus (a software and interaction design company). They make up lack of experience via enthusiasm and cooperation with the company NEO, as well as several advisers who will help them on their way to their goals. The team is young, but they are all really existing people.
Project Team:
For the functioning of the platform, an EFX token will be created on the NEO-blockchain (NEP-5 standard). The team won’t give the opportunity to trade it on exchanges but instead create their own Galaxy Pool. It will provide not only liquidity but also the stability of the price of the tokens and won’t allow anyone to manipulate its rate. Its main task is always to provide an opportunity to buy and sell EFX. A total of 650 million tokens will be made, and 40% will go to public sales. Crowdsale will start in the middle of March, you can buy EFX for NEO and GAZ tokens. The first 5.2 million will have a 10% discount.
The development of AI is an inevitable part of the future. The Effect.AI project is, although a long-term perspective, but beneficial for both creators and users. The team aims to seize the initiative in this area if they succeed, the year 2030 will bring 15.7 trillion dollars in the AI branch.
Project Video:
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