Tortola, British Virgin Islands, August 2, 2024, Chainwire
Sharpe AI, an AI-powered cryptocurrency super app for traders, has announced the listing of its $SAI token on Gate.io, followed by further trading starting at 1 pm UTC, August 5, 2024. The token will be available on the USDT trading pair, setting the stage for a new chapter in AI-powered cryptocurrency trading.
Anticipation is mounting following the huge success of the $SAI Initial DEX Offering (IDO) last April. The IDO broke all previous records and achieved a staggering 300x oversubscription. With over 120,000 participants contributing $576 million in assets, it became one of the largest IDOs in history, a true milestone for the crypto space.
Key points
- Sharpe AI has over 25 active products with over 150,000 users and over $500M in platform volume
- Received grants from Google (NASDAQ:), Microsoft (NASDAQ:) and IBM (NYSE:)
- Backed by industry leaders including Brands Animoca, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal and AIT Protocol
- The $SAI IDO on Ape Terminal was 300x oversubscribed, making it one of the largest IDOs in history with over 120,000 participants connecting $576 million in assets.
- $SAI is listed on Aevo Pre-markets, a venue reserved for only the most anticipated projects in the space, and has broken all daily volume records.
- Received the license from CME (the only cryptocurrency company to receive it)
- First project of the Bittensor ecosystem, which uses the AIT subnet to mine $TAO
- Ranked #1 on Product Hunt globally across all AI and Crypto categories
- Sharpe is backed by Contango Digital (Bittensor's main investor)
Utility of $SAI token$SAI is the native utility and governance token underpinning 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 on the platform.
$SAI token holders will enjoy a variety of benefits within the Sharpe AI ecosystem:
- Discounts: Staking $SAI unlocks discounts on trading products
- Airdrops: Possible project token airdrops via Sharpe Launchpad and Sharpe Perps
- Governance rights: Ability (OTC:) to vote on crucial platform decisions
- Staking Rewards: Additional benefits including fee refunds and early access to new features
Sharpe AI aims to create a token that encourages long-term participation through:
Part of the profits generated from all products will be used to buy back $SAI on the open market through a series of buyback programs, such as TWAP orders. Purchased tokens will be burned, which will deflate the supply over time.
As part of the staking launch, the buyback and burn mechanism will be split into buybacks that will be allocated to both burns and staking rewards, allowing stakers to accumulate additional ownership of the platform over time.
$SAI Quote Details
- Date: August 5, 2024
- Time: 13:00 UTC
- Exchanges: Gate.io, .
- Pair: SAI/USDT
The platform is notably the first Web3 project recognized by tech giants Google, Microsoft, IBM, and OpenAI. Backed by industry-leading investors such as 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 as one of the first projects in the Bittensor ecosystem to leverage the AIT subnet to mine $TAO.
This advantage is driving its rapid growth, establishing Sharpe AI as the largest AI super app that currently has a live platform with over 25 active products.
“The listing of $SAI marks a pivotal moment for Sharpe AI and the broader AI and cryptocurrency ecosystem,” said Rishabh Narang, CEO of Sharpe AI. “We are excited to bring our vision of 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 and more.
About Sharpe AI
Sharpe AI is pioneering the future of crypto interface with its AI-powered super app. With a focus on digital asset intelligence, tracking, and investment, Sharpe is now the largest crypto super app, with over 150,000 users and over $500M in volume. Sharpe AI has a vision to create a vertically integrated platform by combining data intelligence, trading products, and DeFi execution on leading chains, culminating in a comprehensive platform unmatched in the industry.
The platform is rapidly expanding its capabilities, having recently acquired Brownian (specializing in full-stack AI) and launched HiveIntelligence (building a decentralized AI superintelligence network).
Key Products:
- Sharpe Perps: A perpetual DEX with a decentralized and omni-chain order book
- Sharpe DEX: A Leading Decentralized Exchange Aggregator
- Sharpe Bridge: A platform for seamless cryptocurrency exchange and connection between multiple blockchains
- Sharpe NFT Marketplace: A Hybrid NFT Marketplace Aggregator with 20+ Top Marketplaces
- Sharpe Terminal: A Bloomberg-like terminal for cryptocurrencies, consolidating news, governance, research, and various market data
Looking ahead, Sharpe AI plans to expand its AI capabilities, integrate with additional blockchain networks, and launch new products targeting institutional investors. Sharpe AI is also exploring partnerships with traditional financial institutions to bridge the gap between mainstream and cryptocurrency markets.
To learn more about Sharpe AI and the upcoming $SAI token sale, users can visit the official Sharpe AI website or join their community on Twitter, Telegram, and Discord.
For media inquiries, users may contact: Email: [email protected]
ContactCEORishabh NarangSharpe Laboratories[email protected]
This article was originally published on Chainwire
