Sharpe AI Announces $SAI Token Listing on Gate.io

[PRESS RELEASE – Tortola, British Virgin Islands, August 2nd, 2024]

Sharpe AI , an AI-powered crypto super-app for merchants, has introduced the itemizing of its token $SAI on Gate.io adopted by extra exchanges beginning at 1 pm UTC, fifth August, 2024. The token might be accessible within the buying and selling pair USDT, setting the stage for a brand new chapter in AI-powered crypto buying and selling.

The anticipation is hovering following the blockbuster success of $SAI’s Preliminary DEX Providing (IDO) this previous April. The IDO shattered all earlier data, reaching an astounding 300x oversubscription. With over 120,000 members bringing in $576 million in property, it turned one of many largest IDO in historical past—a real milestone second for the crypto area.

Key Highlights

• Sharpe AI has 25+ dwell merchandise with over 150,000 customers and $500+ million in platform quantity
• Acquired grants from Google, Microsoft, and IBM
• Backed by {industry} leaders together with Animoca Manufacturers, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, AIT Protocol
• $SAI IDO on Ape Terminal was 300x oversubscribed, making it one of many largest IDO in historical past with over 120k members connecting $576M in property
• $SAI is listed on Aevo Pre-markets, a spot reserved for less than essentially the most anticipated initiatives within the area, and has smashed each file for each day volumes
• Acquired CME license (the one crypto firm that has obtained it)
• First Bittensor ecosystem challenge, utilizing the AIT subnet to mine $TAO
• Ranked #1 on Product Hunt globally for all AI and Crypto classes
• Sharpe is backed by Contango Digital (most important investor of Bittensor)

$SAI Token Utility

$SAI is the native utility and governance token underpinning the Sharpe AI ecosystem. The token is rigorously designed to align incentives between Sharpe AI, token holders, and the broader ecosystem. It supplies financial incentives for members, funds future improvement and progress initiatives by way of a group treasury mannequin, and allows decentralized governance over the platform.

$SAI token holders will take pleasure in a spread of advantages throughout the Sharpe AI ecosystem:

• Reductions: Staking $SAI unlocks reductions on buying and selling merchandise
• Airdrops: Potential airdrops of challenge tokens launching by way of Sharpe Launchpad and Sharpe Perps
• Governance rights: Potential to vote on essential platform choices
• Staking rewards: Extra advantages together with price rebates and early entry to new options

Sharpe AI goals to create a token that encourages long-term participation by way of:

1. A buyback and burn mechanism to scale back token provide and reward token holders over time
2. Lengthy-term incentives by way of rewards and reductions by way of staking
3. Governance participation for token holders

A part of the earnings generated from all merchandise might be used to repurchase $SAI from the open market by way of a collection of repurchasing packages, similar to TWAP orders. Tokens purchased might be burned, deflating provide over time.

As a part of the rollout of staking, the buyback & burn mechanism will break up into buybacks that might be allotted in the direction of each burns and staking rewards — permitting stakers to accrue further platform possession over time.

$SAI Itemizing Particulars

• Date: August fifth, 2024
• Time: 1 PM UTC
• Exchanges: Gate.io, Uniswap.
• Pair: SAI/USDT

The platform is notably the primary Web3 challenge acknowledged by tech giants Google, Microsoft, IBM and OpenAI. Backed by industry-leading buyers Animoca Manufacturers, GBV Capital, MorningStar Ventures,  Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol. Sharpe AI stands out as a pacesetter within the AI x Crypto area. As one of many first initiatives within the Bittensor ecosystem leveraging the AIT subnet to mine $TAO.

This benefit drives its fast progress, establishing Sharpe AI as the biggest AI tremendous app at the moment boasting a dwell platform with 25+ dwell merchandise.

“The itemizing of $SAI marks a pivotal second for Sharpe AI and the broader AI-crypto ecosystem,” stated Rishabh Narang, CEO of Sharpe AI. “We’re excited to deliver our imaginative and prescient of clever, accessible crypto buying and selling to a worldwide viewers.”

Present Sharpe AI Integrations and Partnerships

Aethir, Ionet, Bittensor, Lido, Aevo, Hyperliquid, Arbitrum, Aioz, Paradigm, Orderly Community, Paradex, 0x, Eesee, TradingView, Li.Fi, LogX, AIT Protocol, Ape Terminal, Aave, HyperGPT, Paraswap, Galxe, Arbitrum, Mantle, OpenOcean, and extra.

About Sharpe AI

Sharpe AI is pioneering the way forward for crypto interface with its AI-powered superapp. With a give attention to intelligence, monitoring, and investing in digital property. Sharpe is now the biggest crypto super-app, boasting over 150,000 customers and greater than $500M in quantity. Sharpe AI has a imaginative and prescient of making a vertically built-in moat by combining information intelligence, buying and selling merchandise and DeFi execution on main chains, culminating in a complete platform unparalleled within the {industry}.

The platform is quickly increasing its capabilities, having just lately acquired Brownian (specializing in full-stack AI intelligence) and launched HiveIntelligence (constructing decentralized AI superintelligence community).

Key Merchandise: 

• Sharpe Perps: An omnichain decentralized orderbook perpetual DEX
• Sharpe DEX: A number one decentralized trade aggregator
• Sharpe Bridge: A platform for seamless crypto swapping and bridging throughout a number of blockchains
• Sharpe NFT Market: A hybrid NFT market aggregator with 20+ prime marketplaces
• Sharpe Terminal: A Bloomberg-like terminal for crypto, consolidating information, governance, analysis, and varied market information

Wanting forward, Sharpe AI plans to develop its AI capabilities, combine with further blockchain networks, and launch new merchandise geared toward institutional buyers. Sharpe AI can be exploring partnerships with conventional finance establishments to bridge the hole between typical and crypto markets.

For extra details about Sharpe AI and the upcoming $SAI token sale, customers can go to Sharpe AI’s official web site or be a part of their group on Twitter, Telegram, and Discord.