Tortola, British Virgin Islands, August 2, 2024, Chainwire
Sharpe AI, an AI-based cryptocurrency super app for traders, has announced the listing of its token $SAI on Gate.io, and other exchanges starting August 5, 2024 at 1:00 PM UTC. The token will be offered as a USDT trading pair, opening a new chapter in AI-based cryptocurrency trading.
The anticipation is running high following the blockbuster success of $SAI’s Initial DEX Offering (IDO) in April. The IDO broke all previous records and achieved an incredible 300x oversubscription. With over 120,000 participants, it raised $576 million in assets, making it one of the largest IDOs in history. A true milestone moment in the crypto space.
Key Highlights
- Sharpe AI has 25+ live products with 150,000+ users and $500M+ in platform volume.
- Grants from Google, Microsoft, and IBM
- Support from industry leaders including: Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, AIT Protocol
- Ape Terminal’s $SAI IDO was over 300x oversubscribed, with over 120,000 participants connecting $576 million in assets, making it one of the largest IDOs in history.
- $SAI is listed on Aevo Pre-markets, a space reserved for the most anticipated projects in the space and breaking all records for daily trading volume.
- Obtained CME license (the only cryptocurrency company to do so)
- The first Bittensor ecosystem project to mine $TAO using the AIT subnet
- Ranked #1 in AI and Cryptography Worldwide on Product Hunt.
- Sharpe is backed by Contango Digital (a major investor in Bittensor).
$SAI Token Utility
$SAI is the native utility and governance token that underpins the Sharpe AI ecosystem. The token is carefully designed to align incentives between Sharpe AI, token holders, and the broader ecosystem. It provides economic incentives for participants, funds future development and growth initiatives through a community treasury model, and enables decentralized governance for the platform.
$SAI token holders will be able to enjoy a variety of benefits within the Sharpe AI ecosystem.
- discount: Get discounts on trading products by staking $SAI
- Airdrop: Potential airdrop of project tokens launched via Sharpe Launchpad and Sharpe Perps
- Governance Rights: Voting ability on important platform decisions
- Staking Rewards: Additional benefits including fee discounts and early access to new features
Sharpe AI aims to create a token that encourages long-term engagement through:
- A buyback and burn mechanism to reduce the token supply over time and reward token holders.
- Long-term incentives through rewards and discounts through staking
- Governance Participation for Token Holders
A portion of the profits generated from all products will be used to repurchase $SAI on the open market through a series of repurchase programs such as TWAP orders. The tokens purchased will be burned, reducing the supply over time.
As part of the staking launch, the buyback and burn mechanism will be split into buybacks that are allocated to both burn and staking rewards, allowing stakers to gain additional platform ownership over time.
$SAI List Details
- Date: August 5, 2024
- Time: 1:00 PM UTC
- Exchanges: Gate.io, Uniswap.
- Pair: SAI/USDT
The platform is the first Web3 project to be recognized by tech giants Google, Microsoft, IBM, and OpenAI, among others. It is backed by industry-leading investors Animoca Brands, GBV Capital, MorningStar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol. Sharpe AI stands out as a leader in the AI x Crypto space. It is one of the first projects to mine $TAO by utilizing the AIT subnet in the Bittensor ecosystem.
These advantages have fueled rapid growth, positioning Sharpe AI as the largest AI super app with a live platform that currently boasts over 25 live products.
“The $SAI listing marks an important moment for Sharpe AI and the broader AI-crypto ecosystem,” said Rishabh Narang, CEO of Sharpe AI. “We are excited to showcase our vision for intelligent and accessible cryptocurrency trading to a global audience.”
Current Sharpe AI Integrations and Partnerships
Aethir, Ionet, Bittensor, Lido, Aevo, Hyperliquid, Arbitrum, Aioz, Paradigm, Orderly Network, Paradex, 0x, Eesee, TradingView, Li.Fi, LogX, AIT Protocol, Ape Terminal, Aave, HyperGPT, Paraswap, Galxe, Arbitrum , Mantle, OpenOcean, etc.
Introducing Sharp AI
Sharpe AI is a AI-based super app that is pioneering the future of crypto interfaces. It focuses on intelligence, tracking, and investing in digital assets. Sharpe is currently the largest crypto super app, with over 150,000 users and over $500 million in trading volume. Sharpe AI has a vision to create a vertically integrated moat by combining data intelligence, trading products, and DeFi execution on major chains, culminating in a comprehensive platform unparalleled in the industry.
The platform is rapidly expanding its capabilities, including the recent acquisition of Brownian (a full-stack AI intelligence company) and the launch of HiveIntelligence (building a decentralized AI superintelligence network).
Main Products:
- Sharpe Perps: Omnichain Decentralized Orderbook Perpetual DEX
- Sharpe DEX: The Leading Decentralized Exchange Aggregator
- Sharpe Bridge: A platform for seamless cryptocurrency swapping and bridging across multiple blockchains
- Sharpe NFT Marketplace: Hybrid NFT Marketplace Aggregator with 20+ Top Marketplaces
- Sharpe Terminal: A Bloomberg-like terminal for cryptocurrencies that integrates news, governance, research, and various market data.
Going forward, Sharpe AI plans to expand its AI capabilities, integrate with additional blockchain networks, and launch new products aimed at institutional investors. Sharpe AI is also exploring partnerships with traditional financial institutions to bridge the gap between traditional and cryptocurrency markets.
To learn more about Sharpe AI and the upcoming $SAI token sale, users can visit Sharpe AI’s official website or join the community on Twitter, Telegram, and Discord.
For media inquiries, please contact: Email: (email protected)
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