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update faq, token info, and add snapshot announcement
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# What is Effect Force? | ||
Effect FORCE is a microtasking platform that runs on the EOS blockchain. Workers can utilize either an EOS account or a BSC wallet address to earn our native utility token, EFX, for completing simple tasks. Tasks can be completed from anywhere, at any time, as long as you have an internet connection. All work is received and transmitted on the blockchain, in real-time, in a transparent manner. | ||
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# What makes Effect Force special? | ||
Effect Force is decentralized. This means that anyone, no matter their location on the globe, can join and complete tasks. It’s open to anyone to post tasks as well. Traditionally, microtasking platforms are centralized, meaning they prohibit access to people in certain countries, varying demographics, or are just closed to the public. Centralized platforms give workers very little say in how the platform is run and how workers are treated, and there is little transparency. With Effect Force being decentralized, the work is transparent and visible on the blockchain. Workers have the power to make changes to the platform by joining the EffectDAO. Effect Force encourages workers and requesters to directly interact with each other, which is in stark contrast to other centralized platforms. | ||
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# What wallets are supported for EFX? | ||
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Currently, you can connect to the Effect Network by using an [EOS](https://eos.io/eos-public-blockchain/) or [BSC](https://academy.binance.com/en/articles/how-to-get-started-with-binance-smart-chain-bsc) wallet address. For EOS-based accounts, we recommend [Anchor](https://greymass.com/en/anchor/) for desktop/mobile. | ||
For BSC-based accounts, we recommend using [MetaMask](https://metamask.io/). | ||
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If you need help/support with creating a wallet address or using any of these services, please visit their official help pages: | ||
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Anchor - [https://support.greymass.com/support/home](https://support.greymass.com/support/home) | ||
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MetaMask - [https://metamask.zendesk.com/hc/en-us/](https://metamask.zendesk.com/hc/en-us/) | ||
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Alternately, for those so inclined, you can create a keypair yourself. This method is not advised for those who are brand new to blockchain. | ||
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# When is $EFX migrating to Solana? | ||
All EFX on EOS and BSC will be snapshot on the 1st of January 2025, at 12PM UTC. For more information about this, please read our latest announcement [here](https://effect.ai/news/solana-announcement#the-effect-ai-ecosystem-recently-made-a-bold-move-we-chose-solana-as-our-new-home-to-build-the-next-generation-platform-for-decentralized-intelligence). | ||
The new EFFECT token will be on Solana and a claim portal will open on the 5th of January, 2025 via our official website. | ||
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# When can I start using the microtasking platform? | ||
More details about how to get started as a worker on on our soon to be released V2 of our platform will be available after our migration to Solana. |
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Released on 06 Deccember 2024: | ||
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# Snapshot & Migration Announcement | ||
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The Effect AI ecosystem recently made a bold move: we chose Solana as our new home, to build the next generation platform for decentralized intelligence. | ||
As part of this transition, a new token called EFFECT will be launched, offering a straightforward 1:1 migration path for current EFX token holders. This token represents a fresh start for our mission to enhance human intelligence in the AI era. In this post, we are pleased to share the first concrete details around the migration and what this means for our token holders. Please read the information below carefully and don’t hesitate to reach out via our official channels for support. | ||
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## Snapshot of EFX | ||
On the 1st of January 2025, at 12PM UTC, a snapshot will be taken of all EFX and NFX token balances across EOS and BSC. This snapshot will precisely determine the EFFECT token allocation for each user on Solana. Staked tokens will be automatically included in the snapshot, and there are no additional actions required from token holders - simply ensure you hold your EFX in a wallet that you control. | ||
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After the snapshot date, the EFX token will no longer be officially supported. We strongly advise against trading, purchasing, or selling EFX tokens after this point to avoid the risk of financial loss. Holders can sit back and relax while they await further instructions. | ||
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Claiming your new tokens | ||
On the 5th of January 2025, we will release an official Claim Portal through our website, enabling users to retrieve their new EFFECT tokens. The claim portal will remain accessible after this date, so holders who may have forgotten about their EFX tokens in a wallet will still be able to claim their new EFFECT tokens, even years down the line. However, for tokens left on exchanges, we are unable to assist after the snapshot is taken. | ||
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**IMPORTANT: Remain extremely vigilant against potential scammers. Only access the Claim Portal through our [official website](https://effect.ai). Do not use any other links or platforms claiming to be associated with this token migration.** | ||
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## NFX holders | ||
The Effect DAO has decided that it will discontinue support for the NFX governance token after the snapshot date. This decision will streamline the ecosystem into a more simple single token model. NFX holders will be able to claim additional EFFECT tokens through the Claim Portal for compensation. The exact conversion rate will be published ahead of the snapshot, and more details can be found in [recent DAO proposals](https://dao.effect.network/proposals). | ||
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**Special cases** | ||
While the previous information covers the migration process for most users, the following cases require special attention: | ||
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Liquidity Providers: Users providing EFX liquidity on platforms like PancakeSwap, Defibox, NewDex, or other liquidity pools must remove their liquidity before the snapshot date. | ||
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Defi Platforms & Exchanges: If you hold EFX on a DeFi Platform or a centralized exchange, you should withdraw your tokens to a wallet you control. If your tokens are on a DeFi platform or exchange at the time of the snapshot you will not be able to claim them after the migration. | ||
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Further details about the migration process, including instructions on how to claim the new Solana-based EFFECT tokens, will be provided in a blog post released alongside the launch of the Claim Portal on January 5th, 2025. | ||
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Please follow our [official X account](https://x.com/effectaix) and join our [Discord server](https://discord.gg/effectnetwork) to post any questions you have about the snapshot, migration, and claiming process. |
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# The $EFX Utility Token | ||
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$EFX is the cryptographic token that fuels the Effect Network. It offers developers and organizations a reliable option to build, monetize, and power AI solutions. EFX can be earned or bought and can be used in a decentralized ecosystem of AI-related services. | ||
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## Official Token Contracts | ||
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BSC Token Contract: [0xc51ef828319b131b595b7ec4b28210ecf4d05ad0](https://bscscan.com/token/0xC51Ef828319b131B595b7ec4B28210eCf4d05aD0) | ||
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EOS Token Contract: [effecttokens](https://www.bloks.io/account/effecttokens) | ||
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$EFX on CoinMarketCap: [https://coinmarketcap.com/currencies/effect-ai/](https://coinmarketcap.com/currencies/effect-ai/) | ||
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## Where to Buy | ||
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You can buy $EFX tokens with BTC, EOS, or USDT. | ||
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PancakeSwap -[Buy EFX with BNB](https://pancakeswap.finance/swap?outputCurrency=0xc51ef828319b131b595b7ec4b28210ecf4d05ad0) | ||
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Newdex -[Buy EFX with EOS](https://newdex.io/trade/effecttokens-efx-eos) | ||
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ORION -[Buy EFX with USDT (BSC)](https://trade.orionprotocol.io/trade/EFX-USDT) |
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