CPAI, a project aiming to address crypto tax complexities, has announced the launch of its native utility token, CPAI/USD, on the Uniswap UNI/USD decentralized exchange.

The token is intended to provide access to its AI-powered crypto tax reconciliation platform. The project claims it seeks to streamline tax filings by offering precise transaction labeling and reconciliation.

According to the project’s press release, CPAI token holders will gain priority access to the CPAI crypto transaction reconciliation platform.

This platform is said to include AI-powered tax software, professional reconciliation services, and legal guidance.

Additionally, token holders are also said to be eligible for 15% discounts on services such as data reconciliation, legal opinions, and filing services provided by crypto tax specialists at MoonTax and Olson & Partners Law.

CPAI's approach is to use Generative AI Models for data reconciliation, attempting to address the limitations of traditional tax software that often struggles to keep pace with the complexities of decentralized finance.

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The platform is intended to provide users with tax support that can handle intricate and complex crypto activity.

CPAI was launched against the backdrop of the current bull market and the impending tax season.

CPAI Founder Derek Wride stated that “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.”

Wride also serves as CEO of MoonTax, a partner at Olson & Partners Law, and an advisor at the Utah Blockchain Coalition.

CPAI Co-founder Ephraim Olson, a Harvard-trained tax attorney and Managing Partner at Olson & Partners Law, also brings tax legal expertise to the project.

CPAI offers an AI-based crypto accounting tool, with support from human reconciliation and legal services for more complex cases.

The $CPAI token is claimed to be the access point for a network offering AI-powered software, professional reconciliation services, and expert legal advice.

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