Two days remaining until Effect.AI Token Sale
Without a doubt, the biggest thing that will happen this week is the Effect.AI Token Sale on Saturday March 24. The second biggest being the just concluded G20 summit in Argentina. This is relevant to our interests, because the state and future of cryptocurrency was a major item on their agenda. Views on the matter at the G20 were favorable.
Quick summary
A public document released prior to the G20 meeting stated that while it was important to analyse cryptocurrency and its implications with regards to financial stability, tax revenues and its role in financing unwanted activities, its potential for increased financial inclusion could not be denied (to this, Effect.AI Advisor Sally Eaves will attest).
Furthermore, Mark Carney, Chair of the Financial Stability Board, wrote in a letter to the G20 Central Bankers: “The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.” Recommendations for adequate regulation should be forthcoming in July. (Reuters and Coindesk).
Paving the way for Compliance in Token Sales
At Effect.AI, we welcome the idea of increased regulation as it provides further legitimization for our initiative and others like it. In fact, we have gone to great lengths to comply with regulation where regulation was mostly absent: the Effect Network will be powered by NEO, a compliance ready blockchain - we have liaised with top lawyers and EU regulators to provide a solid framework for the project - our KYC process set a new standard for thoroughness in the crypto space and we remain committed to conducting a fair and transparent Public Token Sale.
All systems go
In short, everything is in place to make Saturday’s Effect.AI Token Sale a rousing success. To make sure everyone is prepared for the event, a full tutorial will be released tomorrow both in written and video form. Consult the previous updates for more information on getting NEO/GAS and the bonus structure.
Safety and security
We ask that you remain vigilant with regards to possible scams. We will not ask you to transfer funds before the Token Sale or via any other means than the Token Sale itself. If you do experience problems leading up to (or during) the Token sale, contact support@effect.ai for assistance.
Chris & The Effect.AI Team
Effect.ai
T.me/effectai
Facebook.com/effectai
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Github.com/effectai