Questions from the live AMA, join in now!
https://www.reddit.com/r/NEO/comments/7wzvom/first_official_effectai_ama_is_live/Q: Awesome news Effect AI team. I have a burning question - just would like to have a better understanding. Could you please prepare a simlified version of explanation about Galaxy Pool and its liquidity function? Thanks in advance
A: The Galaxy Pool will allow any user to easily sell or acquire EFX tokens. This ensures that using the Effect Network will be possible even when liquidity is low (when it's hard to buy or sell EFX on external markets). To ensure that this pool is not abused by traders, buying and selling tokens with it is restricted to people that use services on the network. An other advantage of the Galaxy Pool is that it maintains a stable exchange rate for EFX, so people or algorithms that make EFX on the network have more security on the value of their earnings.
~Jesse
Q: When is whitelist open?
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A: We are working to create a fair whitelist for everyone and we will announce the whitelist a few days in advance. We want everybody to have a chance to participate in our tokensale and keep the big whales out.
~Laurens
Q: Hey Chris,
I'm intrigued about the project but I have a couple of questions:
1) With respect none of your team have experience in running a business which can generally be mitigated by having a strong advisory team. However at this time none have been announced?
2) How close are you to an alpha?
Thanks and hope to hear back...
A: Members of the team have extensive experience and knowledge of running successful businesses. We will release our advisory board members 1 week before the token sale. We are working closely with them now and they have been providing incredible support and knowledge.We are finalizing the prototype release now. Effect M-Turk prototype will be followed by the Alpha release shortly thereafter. We aim to have the Beta on NEO release by the end
