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Details
Crowdsale Token Price: €0.057
Hard Cap: €14,820,000
Tokens for Sale: 273,000,000 (42% of Total Supply)
Crowdsale Date: March, 2018
"Effect.AI proposes a private, decentralized ecosystem for AI development and AI related services called The Effect Network. The Effect Network is designed to provide a feature complete alternative to services like Amazon Mechanical Turk, Fiverr, OneSpace and Guru.com. It will operate fully on smart contracts deployed on the NEO blockchain. The Effect Network, like other decentralized applications, directly connects supply and demand without the need for an intermediary party. effect.ai has 4 different offerings in their network:
1) Effect Requesters can register their tasks on the Effect Mechanical Turk to be completed by Workers.
2) The Effect.AI Smart Market is a decentralized marketplace where AI algorithms can exchange their services.
3) The actual computation will be distributed so that the algorithms run globally without a single point of failure.
4) Effect.AI’s main objective is to build an AI development platform that will stand the test of time"(Whitepaper)
Main Positives
The scope of effect.ai is very large. Mechanical turks is just the beginning, and thereafter development is planned to continue at the same pace since the roadmap has a long road ahead. With three main phases to their project, this will surely have plenty of release along the year(s) and should keep the project relevant. This has potential to become a well established company a few years down the road from now.
The token terms for this ICO are very favourable. The ICO has relatively low cap of almost €15M. and a low circulating supply. These terms should bring decent short-term returns, as well as long-term returns but only if the team delivers.
Main Negatives
As of now they do not have an MVP. Projects without an MVP are always risky, however a concept is planned to be released in Q2, 2018.
There is no team member that stands out and has an extensive reputation and networking power. This is a great asset for an ICO, because a well connected individual can secure partnerships, and get past entry barriers in different countries. Furthermore, judging by the showcased team's experience, they do not have enough AI / Blockchain experience. With all that said, the team as a whole is solid and have plenty of developing experience.
Team Highlights
Chris R. Dawe (CEO) - Seems to be a seasoned entrepreneur since he founded Choice Energy; an energy consultation firm. Choice Energy has more than 2000 employees, hence it can be categorized as a mid-sized firm.
Charlie Shrem (Advisor) - He is known as an authority when it comes to blockchain tech. By leveraging his experience and connections in the industry, Charlie will help launch The Effect Network as a leading platform for artificial intelligence.
The Wrap Up
Short Term: Medium | Long Term: Medium
For further information and more information about this project go to the following:
Isee0s Review Spreadsheet: http://bit.ly/2jpOUHX
Telegram Isee0s Announcement Channel: @IseeOs
Telegram Isee0s Chat Group: @https://t.me/iseeos_reviews
The information provided is not to be construed as financial advice in any shape or form. You are strongly advised to conduct your own research before investing. As an investor, you are solely responsible for your actions. I cannot be held liable for any losses you may make. This information is simply my view and opinion on the subject.