Effect.AI has announced they are opening the whitelist registration for their EFX token sale on Wednesday, February 28th, 2018. Registrations will begin at 09:00 CET via the Effect.AI website.
Effect.AI is a decentralized platform that will offer three different types of Artificial Intelligence services through ‘The Effect Network’. These services include: a platform to request or perform tasks that teach and develop AI algorithms, a decentralized exchange to buy and sell AI services and algorithms, and offering distributed computational power to run deep learning frameworks and AI algorithms.
According to their website, Effect.AI is aiming to hold its token sale in March 2018 and will end 18 days after the sale opens. The token sale will have a soft cap goal of €4,820,000, and a hard cap set at €14,820,000. The Effect.AI team has received an overwhelming interest in the project and expect to hit these targets before the token sale end date.
In order to “build an AI development platform that will stand the test of time”, Effect.AI are aiming to design a platform that is resistant to third party manipulation. Enforcing a strict whitelist and KYC (know-your-customer) process is a step in accomplishing this goal, enabling Effect.AI to balance the group of participants and prevent large entities from controlling the projects interests.
For more details on the whitelist, check out their official announcement on Medium.
by Chase Cook