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CPAI (CRYPTO:CPAI), a token that provides access to an AI-powered crypto tax reconciliation, preparation and filing platform, has launched on Uniswap (CRYPTO:UNI).
The token will grant holders priority access to the platform, which includes an AI-powered tax software, professional reconciliation services and expert legal guidance.
The launch comes amid a surge in crypto portfolios, which has led to increased demand for efficient tax management tools, according to CPAI Founder Derek Wride.
What Happened: The CPAI token address is 0x6ef69Ba2d051761aFD38F218F0a3cF517D64A760.
CPAI token holders will be eligible for discounts of up to 15% on white glove services, including data reconciliation, legal opinions and filing services from crypto tax specialists at MoonTax and Olson & Partners Law.
The platform aims to address shortcomings in traditional tax software, which has not kept up with the rapid evolution of the crypto landscape, according to the company.
While legacy solutions are often rigidly coded and unable to adapt to the complexities of DeFi, CPAI leverages Generative AI Models, which have been trained on over $1 billion in transactions reconciled manually by the Moontax team over the past three years, to handle complete data reconciliation for complex crypto activity, the company said.
Against a backdrop of a legendary bull market and impending tax season on the horizon, the launch of CPAI is a game-changer for crypto enthusiasts and investors, who often grapple with the complexities of calculating taxes across multiple wallets, exchanges and DeFi protocols.
“As crypto portfolios swell during the ongoing bull market, we are giving traders the tools to manage their tax obligations more efficiently while maximizing their returns,” said Wride.
“CPAI helps eliminate the guesswork and stress associated with crypto taxes, giving users peace of mind and ensuring they retain more of their hard-earned assets.”
The CPAI team includes high-level tax attorneys and crypto natives with deep expertise in tax law, according to the company.
Wride is also CEO of MoonTax, partner at Olson & Partners Law and advisor at the Utah Blockchain Coalition.
His CPAI Co-founder Ephraim Olson is a Harvard-trained tax attorney, who also serves as managing partner at Olson & Partners Law.
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