Anryze FAQ — Hive

What is so special about Anryze project? What problem does the project solve?

The point is that speech recognition technology is still in its relative infancy. A handful of successful players dominate the industry — the giants like Google and IBM. Whilst these do a reasonable job of converting speech to text, they are expensive for users — and their technology could be improved.

Anryze intends to address both of these issues. Now it’s the ideal time to launch the distributed speech-to-text platform to solve main problems.

How does the project solve it?

The removal of central controls would mitigate most traditional data failures and provide the highest accuracy of a speech transcription due to neural networks education through distributed system. Anryze’s speech recognition algorithm takes a completely different approach to the established market players — and even the pre-alpha tests show it is more accurate than popular existing software. That will only improve further in time.

The second element addresses the expense. Existing solutions are delivered by large, traditional organisations with significant overheads. By outsourcing the work to a distributed network, costs can be driven dramatically lower. ‘Miners’ on the network provide computing power to process audio files, and are rewarded with Anryze tokens (RYZ), which are hosted on the Waves blockchain. 20% of the tokens paid by customers for this service are distributed to token holders. More information about technology in White Paper.

Why does speech recognition matter?

As soon as we educate computers to understand natural human language, it will become a revolution in a different areas of work. Developing, educating, and creating new neural network models is vital nowadays, because of the possibility to make computer actually think like a human being. The accurate speech recognition is the very first step to it. After all, this is how we communicate.

Our mission is to create the best Speech Recognition System: highly educated, thinking like us, understanding all our words and intention, and while doing that, we want to get as many people as we can to participate.

Do you already have clients?

Anryze Speech Recognition is working in US market and is integrated to several clients from sales and compliance industries. Most of them are situated in New York, where Anryze has an office. Clients are connected to our own servers without a distributed network. Our solution is helping companies to get more valuable data from their voice communications, analyze them and make data-driven decisions for business. Solution also helps to reduce costs for manual work of people, who listen to audio to check the quality of conversations.

First Clients will be brought to the platform by Anryze: Mast Mobile, Weeden & Co, Bino, CohereComm, TelecomConsulting.

What about nearest perspectives?

Integration with new B2B users will be completed in a few months. Also, technical and legal work for entering the US market is in progress. All money raised from the crowd sale will be used for a fully functional application development and the expansion into new markets.

How will Anryze’s decentralised system work?

Bitcoin, the world’s first true peer-to-peer online currency, established the idea of network members ‘working’ for rewards. In bitcoin’s case, the work embodied in the proof-of-work consensus algorithm involves finding a hash. It is, essentially, a complicated mathematical operation that serves no purpose beyond demonstrating that a node has dedicated processing power in the interests of securing the network.

Anryze takes a similar approach to rewards, but the processing power provided by the network is not an arbitrary (and otherwise useless) proof of work. Miners will process audio files, converting them to text using Anryze’s speech recognition technology — a completely new approach that has, even at the pre-alpha stage, shown to be more accurate than the market leading speech-to-text solutions.

What is the role of RYZ token?

The Anryze network is powered by a dedicated token, RYZ. Customers will use this to purchase speech recognition services, uploading their audio files to the Anryze network and paying RYZ for the miners to process it and return it as text.

In the same way that bitcoin miners are rewarded with new bitcoins, Anryze miners will be rewarded with RYZ. However, unlike bitcoin, no new RYZ are created in the process. The full supply of RYZ tokens will be created on the Waves blockchain after the forthcoming crowdsale and distributed to investors.

Customers will purchase these from the open market and pay them to the network. RYZ has a static supply and is a deflationary currency; as demand increases from Anryze’s expanding market share, price will rise.

What are the minimum capacities for the mining of Anryze?

RAM 8gb
GPU 4gb
CPU intel core i5 3ххх or analogue

What is the target volume of the sale?

The project aims to raise a minimum of $1.6 million, with a cap of $6 million.

What are the total number of coins?

It depends on crowd sale results. The tokens will be sold at the price 50 RYZ tokens per $1. Anryze aims to raise up to $6 million. The creation of new tokens will stop after an equivalent of $6 million USD is raised or after the Token Sale expiration date. No new tokens will be created after the Token Sale.

Early contributors (that bought tokens in first two days of Tokensale) receive 20% discount — they will get additional 20% of tokens to the amount they have already bought.

Will early contributors get a special offer?

Yes. Early contributors (that bought tokens in first two days of Tokensale) receive 20% discount — they will get additional 20% of tokens to the amount they have already bought.

When will the token sale start?

The Anryze crowdsale will open at 11:00 UTC on 12 September 2017, and will last for up to one month. The crowdsale will end at 01:00 UTC on 12 October 2017 or when the equivalent of $6 million has been raised, whichever happens first.

What currencies will be accepted in the course of the token sale?

Investors can deposit funds in BTC, WAVES, LTC, ETH and ETC, with RYZ tokens being purchased at the equivalent fiat rate at the time of deposit.

How to take part in crowd sale?

Register on the website and transfer coins to your personal wallet: https://tokensale.anryze.com. The Anryze crowdsale will open at 11:00 UTC on 12 September 2017
Link https://lk.anryze.com/register

To register for updates or to find out more about the project, visit https://tokensale.anryze.com/
Join our Telegram chat and discuss your questions with team https://t.me/anryze_tokensale