On March 16, 2018, Effect.AI introduced the Fair Share Distribution (FSD) concept. FSD will seek to ensure a fair and transparent public token sale, so that all participants might have an equal opportunity to purchase EFX tokens.
A 24 hour timer countdown will begin at the launch of Stage 1 of the public token sale. Each participant that passed the Know Your Customer (KYC) whitelist process will be provided an opportunity to purchase their fair share of tokens, which are reserved exclusively for each user in this stage.
Stage 1 of the EFX public token sale will not be first come, first serve.
The personal cap for each participant in the first round will be €1,200/$1,480, and a conversion calculator will be available to calculate the amount of EFX tokens one can expect to receive.
Stage 2 will take place following the first 24 hours of the token sale. In this stage, the personal cap per user will be raised to €25,000/$30,833 per person and EFX tokens will be sold on a first come, first serve basis. There will be a 10% bonus in Stage 2.
Effect.AI aims to provide a democratic platform that is accessible and easier to use than what is currently available in the market. The team believes that the FSD of the public token sale will prove instrumental in achieving the objective of developing a decentralized platform that will stimulate AI development and the creation of various AI services.
The EFX public token sale will take place on March 24, 2018 at 11am CET. View the start of the token sale in your local time zone here. The team will be releasing further detailed information about the token sale in the upcoming week.