••• Anryze: Distributed Speech Recognition Platform •••

1. Anryze Distributed computing power based on blockchain charges users for transcribing a certain time of the audio le. Therefore, users pay for service, miners (computing capacities) get tokens, and token holders with Anryze get commission.

Miners get 70% of tokens in exchange for computing power, other part goes equally to Anryze and token holders (10% and 20%). If the demand on service will be bigger than capacity, the price of tokens on the exchange will rise.
Anryze gets tokens from transcription to develop our network, introduce voice veri cation and other AI services. While token owners get them as compensation for their investments.          
               
2. Each minute of the processed audio is equated to a token. We use the market price model, so the current cost of a minute will depend on transcription demand and mining supply in a system and also on token demand and supply on the crypto exchange. Initially, the rate will be 1:1 (one minute for one token) and 1:0,01 (one token for $0,01). As the quantity of tokens is limited and in the nearest future it would not be able to meet transcription demand, so the price of the token will rise the same as the number of the minutes per token. Such model will provide greater demand and reward investors. Tokens can be bought on ICO or after ICO through crypto exchange.

Presently, the application is working in a beta and is integrated to several clients. Integration with new B2B users will be completed in a few months. All money raised from the ICO will be used for a fully functional application development and the expansion into new markets.

The project team is responsible for making the results open to the public and for using all available resources to inform about the project.
– We will publish a report about current development results and issues at least twice a month, as well as a monthly financial report about capital expenditures.
– The Report will contain current project needs and issues.
– All major breakthroughs will be communicated with interested mass media and spread at the major community forums like BitcoinTalk and CryptoCoin Talk.
 
First Clients will be brought to the platform by Anryze. Most of them are US companies in such industries as financial compliance, banking, and sales. Here is some of the companies we are already working with:

A special token (RYZ) will be created for crowdfunding.
The expected amount of tokens to be offered is 330 million RYZ* (an additional 6,6 million RYZ will be issued for the bounty program, and 15 million RYZ will be issued to the option pool for rewarding current and future employees. These tokens cannot be sold for the next 12-month period and will be under lock contract). Total amount of tokens will be 353 300 000  RYZ tokens.
The tokens will be sold at a discount to early buyers at the rate sliding from 150 RYZ tokens per $1 to 100 RYZ tokens per $1. Exchange rates are shown in the table below:

Tokens will be sold through several currencies in the equivalent of Ethereum The creation of new tokens will stop after an equivalent of $3 million USD is raised or after the ICO expiration date.
All unsold tokens will be distributed among all investors in accordance with their deposits. No new tokens will be created after ICO. All money raised will be exchanged for Anryze distributed network audio transcription or sold through crypto exchange. In the case of fund raising less than the planned smart contract will refund all money back to investors.