Anryze target $6 million in crowdsale for blockchain Speech Recognition Technology

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Anryze, the company behind a Blockchain platform designed for speech recognition and analysis, has announced it will hold a token sale to develop its product and expand into new markets. The founders of Anryze aim to sell 300 million RYZ tokens for a total of $6 million (USD). The crowdsale is scheduled to begin on 12 September.

Anryze’s speech-to-text service currently works with Russian and English audio. After the token sale, the company plans to begin work on adding Chinese, Spanish and German languages, making efforts to expand into the relevant markets in parallel to this development process.

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RYZ token

The RYZ token acts as an internal currency, which the company’s customers can use to purchase speech-to-text services for a given duration of audio. The cost of one token is initially equal to one minute of audio processing. With a growing customer base and an increase in the number of minutes processed, the cost of a token will correspondingly grow, since overall token supply is fixed.

In addition to this demand-based growth in price, Anryze’s tokens will provide holders with a share of the revenues from every transaction processed by the network. 20% of the fees for audio processing will be distributed proportionally among token holders.

Growing global market

Mikhail Yezhov, co-founder of Anryze, emphasises that his company’s services will see strong demand.

“We believe in the future of our technology, since it allows us not only to compete with global giants such as Google and IBM, but also to surpass them thanks to our dramatically lower prices – we charge around a third as much, without loss of quality. The market shows growth of 12% annually, and even without the growth of our existing customer base, we anticipate an increase in transaction volumes of 5-7% monthly. We are already working with American brokerage houses, and we are currently conducting negotiations in Russia. Our market is in its early stages and still establishing itself, and its potential is yet to be fully unlocked.”

Anryze is a company engaged in the development of a Blockchain service for speech recognition and analysis. The company was founded at the beginning of 2016 by Anton Gerasimenko, Mikhail Yezhov and Oleg Zaychuk. Anryze’s speech recognition experts have an average of over 5 years of experience.

In February 2017, the Starta Accelerator investment fund bought 7% of shares in the company for $130 000, estimated the company at 2 million USD. There is established market demand for speech recognition and analysis, and the sector is currently occupied predominantly by Google and IBM. Thanks to its use of Blockchain technology and neural networks, Anryze can offer a competitive product at a price that is 2 to 3 times lower than its counterparts.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe's first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of
Blockchain
at China's first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford's Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) - Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. Over a half a decade experience judging
and rewarding some 1000+ innovation projects as an EU expert for the
European Commission's SME Instrument programme as a startup assessor
and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  His network is global and extensive.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He's written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French. A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein's professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he's travelled for nearly 30 years as a Canadian
expatriate living around the world. In his 20s, he sailed around the
world on small yachts and wrote a series of travel articles called,
"The Hitchhiker's Guide to the Seas' travelling by hitching rides on
yachts (1989) in major travel and yachting publications. He currently
lives in Groningen, Netherlands where he's raising three teenage
daughters with his wife and sailing partner, Wieke Beenen.

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