Effect.AI (EFX) the Decentralized Network for Artificial Intelligence

Effect.AI (EFX) the Decentralized Network for Artificial Intelligence

video note
Effect.ai is an open, decentralized network that provides services in the Artificial Intelligence market.

The project is divided into 3 main phases:
1) Effect Mechanical Turk is a workforce on demand that allows anyone in the world to request or perform tasks that teach and develop AI algorithms
2) The Effect Smart Market is a decentralized exchange where people can offer and buy artificial intelligence/machine learning services and algorithms.
3) Effect Power is the last phase in which Effect.ai distribute the computational power needed to run deep learning frameworks and other AI algorithms.

Tokens:

2 token system: EFX and G-EFX tokens managed through which Galaxy Pool ensures stable exchange rates for users of the network at all times – this means less volatility.

EFX tokens are the main currenty in the platform meaning workers to sell their EFX rewards for native tokens and network users to buy EFX if they wish to do so.

G-EFX are tokens that haven’t gone through Effect.AI Service Contract. This means tokens that haven’t gone though tasks and services

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