Sharpe AI Announces $SAI Token Listing on Gate.io via Chainwire

Tortola, British Virgin Islands, August 2nd, 2024

Sharpe AI, a crypto super-app powered by artificial intelligence for traders, has announced the upcoming listing of its token, $SAI, on Gate.io, with more exchanges to follow, starting at 1 PM UTC on August 5th, 2024. The token will be traded against USDT, marking a significant advancement in AI-driven crypto trading.

The excitement surrounding $SAI follows its remarkable Initial DEX Offering (IDO) earlier this year in April, which achieved a staggering 300x oversubscription. The IDO attracted over 120,000 participants and raised $576 million, setting new records and solidifying its position as one of the largest IDOs in the history of cryptocurrency.

Key Highlights

• Sharpe AI has launched more than 25 products, acquiring over 150,000 users and generating over $500 million in platform volume.
• The company has received grants from major tech corporations, including Google, Microsoft, and IBM.
• Industry leaders such as Animoca Brands, GBV Capital, and Morningstar Ventures support Sharpe AI.
• The $SAI IDO on Ape Terminal achieved a remarkable oversubscription rate and connected substantial assets.
• $SAI is listed on Aevo Pre-markets, known for hosting only the most anticipated projects, and has set daily volume records.
• It is the only crypto company to receive a CME license.
• It is recognized as the first project in the Bittensor ecosystem, utilizing the AIT subnet for mining $TAO.
• The platform has been ranked #1 globally on Product Hunt across all AI and crypto categories.

$SAI Token Utility

The $SAI token serves as the native utility and governance token within the Sharpe AI ecosystem, designed to create alignment between Sharpe AI, its token holders, and the broader community. The token provides economic incentives, supports future development initiatives through a community treasury, and enables decentralized governance.

Token holders will benefit from:

• Discounts: Staking $SAI provides discounts on trading products.
• Airdrops: Eligibility for potential airdrops of tokens from projects launched on Sharpe Launchpad and Sharpe Perps.
• Governance rights: Ability to vote on essential platform decisions.
• Staking rewards: Additional benefits such as fee rebates and early access to new features.

Sharpe AI intends to foster long-term participation by implementing a buyback and burn mechanism to reduce token supply and reward holders. Profits from all products will be allocated to repurchase $SAI from the open market through various programs, with repurchased tokens subsequently burned to deflate supply.

In the upcoming staking rollout, the buyback and burn mechanism will be divided into allocations for both token burns and staking rewards, enabling stakers to increase their platform ownership over time.

$SAI Listing Details

• Date: August 5th, 2024
• Time: 1 PM UTC
• Exchanges: Gate.io
• Trading Pair: SAI/USDT

Sharpe AI is the first Web3 project recognized by tech giants including Google, Microsoft, and IBM. With strong support from leading investors and its status as a pioneering project in the Bittensor ecosystem, Sharpe AI is positioned as a frontrunner in the intersection of AI and cryptocurrency.

“This listing marks a pivotal moment for Sharpe AI and the broader AI-crypto ecosystem,” stated Rishabh Narang, CEO of Sharpe AI. “We are thrilled to extend our vision of intelligent, accessible crypto trading to a global audience.”

Current Integrations and Partnerships

Sharpe AI collaborates with various partners including Bittensor, Lido, Arbitrum, and TradingView, among many others.

About Sharpe AI

Sharpe AI is at the forefront of the future of crypto interfaces with its AI-powered super-app. With a focus on intelligence, digital asset tracking, and investing, Sharpe AI is the largest crypto super-app, serving over 150,000 users and facilitating more than $500 million in trading volume. The platform aims to create a comprehensive ecosystem by integrating data intelligence, trading tools, and DeFi solutions across leading blockchains.

Recent developments include the acquisition of Brownian, focused on full-stack AI intelligence, and the launch of HiveIntelligence to build a decentralized AI superintelligence network.

Key Products:

• Sharpe Perps: An omnichain decentralized order book perpetual DEX.
• Sharpe DEX: A premier decentralized exchange aggregator.
• Sharpe Bridge: A platform for easy crypto swaps across multiple blockchains.
• Sharpe NFT Marketplace: An aggregator for hybrid NFT markets, covering over 20 leading platforms.
• Sharpe Terminal: A comprehensive terminal for crypto, consolidating news, governance, research, and market data.

In the future, Sharpe AI plans to expand its AI capabilities, integrate with more blockchain networks, and develop new products tailored for institutional investors, while exploring partnerships with traditional financial institutions to bridge conventional and crypto markets.