Tortola, British Virgin Islands, August 2nd, 2024,
Chainwire
Sharpe AI , an AI-powered crypto super-app for
traders, has announced the listing of its token $SAI on Gate.io followed by more
exchanges starting at 1 pm UTC, 5th August, 2024. The token
will be available in the trading pair USDT, setting the stage for a
new chapter in AI-powered crypto trading.
The anticipation is soaring following the blockbuster success of
$SAI's Initial DEX Offering (IDO) this past April. The IDO
shattered all previous records, achieving an astounding 300x
oversubscription. With over 120,000 participants bringing in $576
million in assets, it became one of the biggest IDO in history—a true milestone moment
for the crypto space.
Key Highlights
- Sharpe AI has 25+ live products with over 150,000 users and
$500+ million in platform volume
- Received grants from Google, Microsoft, and IBM
- Backed by industry leaders including Animoca Brands, 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 the biggest IDO in history with over 120k participants
connecting $576M in assets
- $SAI is listed on Aevo Pre-markets, a spot reserved for only
the most anticipated projects in the space, and has smashed every
record for daily volumes
- Received CME license (the only crypto company that has received
it)
- First Bittensor ecosystem project, using the AIT subnet to mine
$TAO
- Ranked #1 on Product Hunt globally for all AI and Crypto
categories
- Sharpe is backed by Contango Digital (main investor of
Bittensor)
$SAI Token Utility
$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 over the
platform.
$SAI token holders will enjoy a range of benefits within the
Sharpe AI ecosystem:
- Discounts: Staking $SAI unlocks discounts on
trading products
- Airdrops: Potential airdrops of project tokens
launching through Sharpe Launchpad and Sharpe Perps
- Governance rights: Ability to vote on crucial
platform decisions
- Staking rewards: Additional benefits including
fee rebates and early access to new features
Sharpe AI aims to create a token that encourages long-term
participation through:
- A buyback and burn mechanism to reduce token supply and reward
token holders over time
- Long-term incentives through rewards and discounts via
staking
- Governance participation for token holders
Part of the profits generated from all products will be used to
repurchase $SAI from the open market through a series of
repurchasing programs, such as TWAP orders. Tokens bought will be
burned, deflating supply over time.
As part of the rollout of staking, the buyback & burn
mechanism will split into buybacks that will be allocated towards
both burns and staking rewards — allowing stakers to accrue
additional platform ownership over time.
$SAI Listing Details
- Date: August 5th, 2024
- Time: 1 PM UTC
- Exchanges: Gate.io, Uniswap.
- 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 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 leveraging the AIT subnet to mine
$TAO.
This advantage drives its rapid growth, establishing Sharpe AI
as the largest AI super app
currently boasting a live platform with 25+ live products.
"The listing of $SAI marks a pivotal moment for Sharpe
AI and the broader AI-crypto ecosystem," said Rishabh Narang, CEO of Sharpe AI. "We're excited to
bring our vision of intelligent, accessible crypto 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 superapp. With a focus on intelligence, tracking, and
investing in digital assets. Sharpe is now the largest crypto
super-app, boasting over 150,000 users and more than $500M in
volume. Sharpe AI has a vision of creating a vertically integrated
moat by combining data intelligence, trading products and DeFi
execution on leading chains, culminating in a comprehensive
platform unparalleled in the industry.
The platform is rapidly expanding its capabilities, having
recently acquired Brownian (specializing in
full-stack AI intelligence) and launched HiveIntelligence (building decentralized AI
superintelligence network).
Key Products:
- Sharpe Perps: An omnichain decentralized orderbook perpetual
DEX
- Sharpe DEX: A leading decentralized exchange aggregator
- Sharpe Bridge: A platform for seamless crypto swapping and
bridging across multiple blockchains
- Sharpe NFT Marketplace: A hybrid NFT marketplace aggregator
with 20+ top marketplaces
- Sharpe Terminal: A Bloomberg-like terminal for crypto,
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 aimed at institutional investors. Sharpe AI is also
exploring partnerships with traditional finance institutions to
bridge the gap between conventional and crypto markets.
For more information about Sharpe AI and the upcoming $SAI token
sale, users can visit Sharpe AI's official
website or join their community on Twitter, Telegram, and Discord.
For media inquiries, users can contact: Email:
team@sharpe.ai
Contact
CEO
Rishabh
Narang
Sharpe
Labs
rishabh@sharpe.ai