Due to the large number of people who would like to join our tokensale but are unfamiliar with cryptocurrencies, Anryze is pleased to announce that we have now organised fiat deposits via the Waves platform!

Our crowdsale has been running for a couple of days now, and we’ll collected almost $500,000 in BTC, LTC, ETH, ETC and WAVES. However, we’ve been receiving a lot of requests from prospective investors who want to participate but are new to the cryptocurrency world and have many questions about how to buy bitcoins and other forms of digital cash. Rather than force people to jump through the hoops of sending money to exchanges and learning all about bitcoin from scratch, we considered it would be best simply to accept fiat deposits. We will be doing this in the form of the Euro-backed WEUROtoken, via the Waves Lite client.

It makes sense that investors would want to do this. Our current customers operate in the tech world but are not, for the most part, directly engaged with blockchain. Those who understand our market and value proposition are more likely to be involved with speech recognition technology (SRT) and grasp that our business model is powerful; this will be their route into cryptocurrency, rather than starting in the crypto world and learning about SRT. Additionally, the crypto markets are unusually volatile at the present time — something that can be off-putting to newcomers seeking to invest a given dollar value in our project.

About Anryze

Having developed our own speech-to-text protocol (the results of which compare very favourably to the technology supplied by giants like IBM and Google, even at alpha), we wanted to find a way to deploy it to the market in a way that was far more cost effective than these current market leaders.

Our solution is to do away with expensive data centres and unnecessary overheads by outsourcing speech processing to a decentralised network consisting of hundreds of computers, each running our software. Audio files submitted by customers are converted to text by the first available node. Nodes are rewarded with the fees customers pay, using our native network token (RYZ), on a per-minute-of-audio basis. It’s worth mentioning that the efficiencies of our system mean that we can charge as little as a third of the fees demanded by our competitors.

Crowdsale and fiat investment

We’re selling these RYZ tokens in our crowdsale. Since there are a fixed number, and because customers will need to buy them from the open market to have their audio files processed, the value of RYZ will increase as adoption of our speech-to-text service grows.

Investors can access WEURO via the Waves platform. Please download the Lite client from www.WavesPlatform.com and select DEPOSIT from the EURO menu option (you will also need the Lite client to store your RYZ after the crowdsale). After KYC processes have been completed, your Euros will be credited to your Waves address in the form of WEURO tokens. You can send these to the Anryze crowdsale by following the instructions in your user account. You can also buy WEURO on the Waves DEX for BTC or WAVES.

For more information or to participate in the crowdsale using cryptocurrencies, please visit https://tokensale.anryze.com.

If you are a larger investors and would like to purchase RYZ for fiat, please email us to make arrangements at tokensale@anryze.com.