EFFECT.AI ICO Review - Decentralized network for artificial intelligence on NEO blockchain
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Effect.ai project is a decentralized network for artificial intelligence on top of NEO blockchain.
Product & Roadmap
Q2 2018
- Galaxy Pool
- Phase 1 - EFFECT Mechanical Turk
Q1 2019
- Phase 2 - EFFECT Smart Market
Q4 2019
- Phase 3 - EFFECT Power
Although they have a long roadmap, with almost two years, there in not so much detail on it. Would be nice some more information in terms of dates for the alpha, beta and stable releases. Also there is not business and marketing related dates, like events and other strategies for growth and user acquisition.
Galaxy Pool:
- It’s a “complex” mechanism created to increase the liquidity and stability of the platform
- The pool is a mix of EFX and G-EFX tokens
- G-EFX can be bought on the Galaxy pool but they can’t be sold. They need to be spent using the Effect.AI Service Contract
- This discourage day trading and market manipulation
Team & Advisors
Team:
- 14 Members
- 8 of them in Tech Positions (Avg 5+ years)
- 2 of those have some previous AI related experience
- Many of them already worked together
- Well rounded team in terms of business, marketing, operations, tech and so on...
- The team is young but seems solid
Advisors:
Co-founder of Bitcoin Foundation and CTO e co-founder of Bee Token
Well rounded advisers with knowledge in blockchain, tech, business and finances
Partners:
Seems like there is nothing confirmed yet...
Community & Marketing
- Social Presence:
- Telegram: ~ 25000
- Twitter: ~ 8000
- Reddit: ~ 2000
- Facebook: ~ 7000
Hype level: Could be better! (But the market situation doesn't help)
Blog: Yes
Airdrop/Bounty: Yes
Website and White Paper level: Decent looking website with a clear message. Two white papers (one more technical and one more generic) with a good level of detail.
Token Sale
Token Price: ~ 0.07 USD (NEO and GAS)
Circulating Supply: 260M (40% of 650M)
Bonus: 10% for the first 2% buyers
Hard Cap: ~ 18,250,000 USD
Sale Date: 15 Mar
Whitelist: 28 Fev - 6 March
Predicted Market Cap (If sold out): ~ 20M
Similar Projects (Potential)
Market Cap of SingularityNET: 165M (266M ATH)
Market Cap of Deep Brain Chain: 70M (575 ATH)
My Final Score
Industry & Idea (20 pts): 16
Roadmap & Prototype (15 pts): 7
Team, Advisors & Partners (35 pts): 24
Community & Marketing (17 pts): 13
Token Price, Hardcap & Pre-sale Bonus (13 pts): 11
Score: 71/100 (Medium/High Interest)
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