Sharpe AI Announces $SAI Token Listing on Gate.io

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:

1. A
   buyback
   and
   burn
   mechanism
   to
   reduce
   token
   supply
   and
   reward
   token
   holders
   over
   time
2. Long-term
   incentives
   through
   rewards
   and
   discounts
   via
   staking
3. 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:
[email protected]

Contact

CEO
Rishabh
Narang
Sharpe
Labs
[email protected]