Effect.AI Review and Rating
Stage of The Project7.5/10
Token Sale Terms9.5/10
- 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.
- 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
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
March 22, 2018 - April 1, 2018
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