Token
EFFECT is the token that drives the Effect AI ecosystem. It is used to incentivize participants in the network and to control the honesty and quality of participants. The token is registered on Solana at the following address:
Token Address | EFFECT1A1R3Dz8Hg4q5SXKjkiPc6KDRUWQ7Czjvy4H7E |
Standard | Solana (SPL) |
Total Supply | 520,000,000 |
Ticker | EFFECT |
Decimals | 6 |
Listing Price | $0.045 |
Snapshot
The EFFECT token was created on 1-1-2025 and is a consolidation of the deprecated EFX and NFX network tokens. Anybody that held more than 5 tokens on the 1st of January 2025 at 12PM UTC will have a claimable EFFECT token allocation on Solana. For information on the claim process please read the announcement:
https://effect.ai/news/new-effect-token
Distribution
The initial allocation of EFFECT tokens was distributed in the following way:
EFX Holders
Amount: 185M (36%)Holders of EFX during the snapshot can convert them 1:1 to EFFECT. Claimed tokens are automatically staked with a 7 day lock and 30 day linear release.
NFX Holders
Amount: 60M (12%)Holders of NFX during the snapshot can convert them for 1:8 to EFFECT. Claimed tokens are automatically staked with a 7 day lock and 30 day linear release.
Staking Incentives
Amount: 50M (10%)Staking incentives were allocated by the DAO in proposal 184 and 195. They are used to provide a base staking incentive reward.
DAO Treasury
Amount: 49M (9%)DAO Treasury tokens are locked until the Effect DAO has been instantiated on Solana.
Liquidity, Partnerships, Marketing
Amount: 68M (13%)These tokens will be deployed for providing $EFFECT liquidity, and for promotion and growth of the network.
Development Fund
Amount: 100M (19%)Funds reserved for the future development of the network. Tokens are linearly vested over a period of 4 years.
Migration Reserve
Amount: 6M (1%)These tokens are reserved to manage any unforeseen migration expenses.