The EffectDAO is a decentralized organization with the goal to create an open and democratic environment for AI development. Anyone in the world can join the effort and get rewarded for their participation.
Phase 1 of the DAO will start on the 1st of January 2021. At this moment Staking and Membership are already functional. Once Phase 1 is deployed it contains all the primary elements of the DAO. This means it’s possible to register, vote, and create proposals. This wiki will contain up to date information on the current functioning of the DAO and will be updated to reflect any changes.
The EffectDAO is a Decentralized Autonomous Organization (DAO) that is open for anyone to join. The rules and regulations that govern the DAO as well as its financials are controlled by smart contracts on the blockchain - this makes the organization completely transparent for anyone to explore.
Staking EFX and NFX tokens is the first step in becoming a member of the DAO. Locking up tokens signals that you will act in best interest of the project.