Effect AI [OLD] EFX Price

What is Effect AI [OLD] (EFX)?

Founded in 2017, Effect AI focuses on AI-related services. It aims to democratize AI development, enabling anyone worldwide to participate. Effect Force is central to this initiative, providing a transparent and efficient way for workers to earn EFX by completing tasks. The network's governance by EffectDAO ensures that the platform aligns with the community's interests.

Effect AI (EFX) is a cryptocurrency project that operates on the Binance Smart Chain (BSC) and EOS platforms. Managed by the EffectDAO, its main product, Effect Force, is a blockchain-based framework designed for the future of work. This platform allows a global workforce to complete microtasks and earn EFX tokens.

Technology Behind Effect AI

Effect AI leverages blockchain technology for a secure and efficient infrastructure. The decentralized network prevents manipulation of data and transactions, ensuring transparency and security. It also minimizes environmental impact by operating on energy-efficient platforms like BSC and EOS. Smart contracts automate processes, reducing the need for intermediaries.

Real-World Applications

Effect AI offers several practical applications:

• Effect Force: Users complete microtasks to earn EFX.
• Algorithmic Trading: AI algorithms can execute trades, enhancing efficiency.
• Sentiment Analysis: AI analyzes public sentiment from social media to inform trading decisions.
• Risk Management: AI models help predict and manage financial risks.
• Data Privacy: The platform protects personal data used in AI models, ensuring security and trust.

Key Events in Effect AI's Journey

Effect AI has marked several important milestones:

• The launch of a new website and roadmap to guide future developments.
• Introduction of on-chain microtasks, demonstrating blockchain's utility in the gig economy.
• Unveiling plans for 2024 to expand the ecosystem and user base.
• Launch of Effect DAO for community governance and decision-making.
• Media coverage that raised awareness and attracted users and investors.

Founders of Effect AI

Effect AI was co-founded by Chris Dawe, Laurens Verspeek, and Jesse Eisses. Their combined expertise in blockchain technology, software development, and AI integration led to the creation of Effect Force, establishing Effect AI as a significant player in the blockchain and AI sectors.

Conclusion

Effect AI is transforming how work and AI services are approached through its decentralized platform. By empowering individuals to earn and contribute, it fosters a more inclusive and innovative future in the AI ecosystem.

What is unique about Effect AI [OLD] (EFX)?

Effect AI (EFX) is unique for its decentralized platform that enables a global workforce to complete microtasks and earn EFX tokens, all while ensuring transparency and efficiency through blockchain technology and community governance via the EffectDAO.

Who are the founders of Effect AI [OLD] (EFX)?

Effect AI was founded by Chris Dawe, Laurens Verspeek, and Jesse Eisses, who combined their expertise in blockchain, software development, and AI to create the Effect Force platform for the future of work.

Who are the backers/investors of Effect AI [OLD] (EFX)?

Effect Network has support from the EOS ecosystem and various individual investors focused on decentralized marketplaces.

Where can I buy Effect AI [OLD] (EFX)?

 PancakeSwap (v2), BitBNS