Effect.AI price
- Last price:1 EFX =
-11.626%
0.00000175 BTC
Market cap
Volume 24h
Minimal price for 24h
Maximum price for 24h
Statistic
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Effect.AI course
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Effect.AI course in BTC
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0.00000175 BTC
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Market capitalization
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Trade volume 24h
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Minimal price for 24h
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Maximum price for 24h
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Market cap rank
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#588
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Absolute maximum
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Absolute maximum date
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From absolute maximum
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-92.15%
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1d Volatility
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0.00%
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7d Volatility
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0.00%
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Changes for 24h
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-11.6263%
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Changes for 7d
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0.0000%
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Changes for 14d
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0.0000%
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Changes for 30d
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0.0000%
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Changes for 60d
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0.0000%
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Changes for 1y
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0.0000%
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Effect.AI (EFX) - USD Historical Price Chart
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Effect.AI data
Effect.AI (EFX) today is with a 24-hour trading volume of . EFX price is -11.6263% down in the last 24 hours. Cryptocurrency market capitalization isAbout Effect.AI (EFX)
Effect Force is the first phase of The Effect Network. It is an interactive marketplace for tasks that require human intelligence. Think of it as a decentralized Mechanical Turk which allows anyone in the world to perform a wide range of tasks and receive fair payment. It gives AI developers and businesses access to a large workforce of human intelligence to train AI algorithms. When a worker completes a task, they are paid with a network NEP-5 token called EFX.
The Effect AI Smart Market is a decentralized platform where people can offer and buy AI services. This phase is a natural progression of the network. It will be an open marketplace for offering AI and machine learning algorithms as a service. This marketplace is where AI developers with functional algorithms can sell, rent, or give out its service for a simple and easy payment with the EFX token. Each algorithm will have its own wallet to allow for easy acceptance of transactions. The Effect AI Smart Market also allows algorithms to communicate and collaborate with other algorithms and purchase services from each other.
The last phase provides a decentralized, distributed computational platform that will run popular deep learning frameworks. The Effect decentralized compute engine is based on frameworks like Caffe, MXNet and TensorFlow. We want to distribute the computational power of all AI so there is no single point of weakness. We can do this through partnerships with projects like Golem, or through creating the framework ourselves.
The Effect Network is fueled by a digital token called EFX, that runs on the NEO blockchain. This distributed NEP-5 utility token can be used in all the three phases of The Effect Network.
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