Tortola, British Virgin Islands, August 2nd, 2024, Chainwire
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 will likely 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, attaining an astounding 300x oversubscription. With over 120,000 individuals bringing in $576 million in belongings, it grew to become one of many biggest IDO in history—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 individuals connecting $576M in belongings
- $SAI is listed on Aevo Pre-markets, a spot reserved for under essentially the most anticipated tasks within the area, and has smashed each report for each day volumes
- Acquired CME license (the one crypto firm that has acquired it)
- First Bittensor ecosystem undertaking, 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 (predominant investor of Bittensor)
$SAI Token Utility
$SAI is the native utility and governance token underpinning the Sharpe AI ecosystem. The token is fastidiously designed to align incentives between Sharpe AI, token holders, and the broader ecosystem. It gives financial incentives for individuals, funds future growth and progress initiatives by way of a group treasury mannequin, and permits decentralized governance over the platform.
$SAI token holders will take pleasure in a variety of advantages throughout the Sharpe AI ecosystem:
- Reductions: Staking $SAI unlocks reductions on buying and selling merchandise
- Airdrops: Potential airdrops of undertaking tokens launching by way of Sharpe Launchpad and Sharpe Perps
- Governance rights: Potential to vote on essential platform selections
- 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:
- A buyback and burn mechanism to cut back token provide and reward token holders over time
- Lengthy-term incentives by way of rewards and reductions by way of staking
- Governance participation for token holders
A part of the income generated from all merchandise will likely be used to repurchase $SAI from the open market by way of a sequence of repurchasing packages, akin to TWAP orders. Tokens purchased will likely be burned, deflating provide over time.
As a part of the rollout of staking, the buyback & burn mechanism will break up into buybacks that will likely be allotted in direction of each burns and staking rewards — permitting stakers to accrue extra 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 undertaking acknowledged by tech giants Google, Microsoft, IBM and OpenAI. Backed by industry-leading buyers Animoca Brands, 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 tasks within the Bittensor ecosystem leveraging the AIT subnet to mine $TAO.
This benefit drives its speedy progress, establishing Sharpe AI because the largest AI tremendous app at present 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 convey our imaginative and prescient of clever, accessible crypto buying and selling to a world 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 deal with intelligence, monitoring, and investing in digital belongings. 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 knowledge 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 numerous market knowledge
Trying forward, Sharpe AI plans to increase its AI capabilities, combine with extra blockchain networks, and launch new merchandise aimed 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 website or be a part of their group on Twitter, Telegram, and Discord.
For media inquiries, customers can contact: Electronic mail: [email protected]
Contact
CEO
Rishabh Narang
Sharpe Labs
[email protected]
