**Tortola, British Virgin Islands, August 2, 2024, Chainwire**
Sharpe AI, an innovative super-app powered by artificial intelligence for cryptocurrency traders, is set to launch its token, $SAI, on Gate.io, with plans for additional exchange listings beginning at 1 PM UTC on August 5, 2024. The token will be traded against USDT, heralding a transformative era in AI-driven crypto trading.
Excitement is palpable following the record-breaking Initial DEX Offering (IDO) of $SAI in April, which achieved an extraordinary 300x oversubscription. With participation from over 120,000 users contributing $576 million in assets, this IDO stands as one of the largest in the crypto domain—an exceptional accomplishment for the industry.
**Key Highlights:**
– Sharpe AI boasts over 25 live products, catering to more than 150,000 users and facilitating over $500 million in platform volume.
– The company has secured grants from tech giants such as Google, Microsoft, and IBM.
– It is supported by prominent industry players, including Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol.
– The $SAI IDO on Ape Terminal was 300x oversubscribed, marking it as one of the largest IDOs in history.
– $SAI is listed on Aevo Pre-markets, recognized for featuring only the most eagerly awaited projects, and has exceeded all prior records for daily trading volumes.
– The platform is the sole crypto entity to receive a CME license.
– It is the first project within the Bittensor ecosystem to utilize the AIT subnet for mining $TAO.
– $SAI has achieved the number one spot on Product Hunt across all AI and Crypto categories.
**$SAI Token Utility:**
The $SAI token serves as the native utility and governance token for the Sharpe AI ecosystem. It is meticulously designed to align the interests of Sharpe AI, its token holders, and the broader community. The token incentivizes participation, supports future growth through a community treasury model, and facilitates decentralized governance of the platform.
Token holders will benefit from various features within the Sharpe AI ecosystem:
– **Discounts:** Staking $SAI unlocks trading product discounts.
– **Airdrops:** Eligible for potential airdrops of tokens from projects launching via Sharpe Launchpad and Sharpe Perps.
– **Governance Rights:** Vote on significant platform decisions.
– **Staking Rewards:** Enjoy additional benefits like fee rebates and early access to new features.
Sharpe AI is committed to fostering long-term engagement through:
– A buyback-and-burn strategy designed to reduce token supply and reward holders over time.
– Long-term incentives through staking rewards and discounts.
– Governance rights for token holders.
A portion of the profits generated from all products will be allocated to repurchase $SAI from the market via various buyback programs, including TWAP orders. Acquired tokens will be burned, leading to a gradual reduction in supply.
As part of the staking rollout, the buyback-and-burn mechanism will be divided into buybacks earmarked for both burns and staking rewards, allowing stakers to gain additional ownership of the platform over time.
**$SAI Listing Details:**
– **Date:** August 5, 2024
– **Time:** 1 PM UTC
– **Exchanges:** Gate.io, Uniswap
– **Trading Pair:** SAI/USDT
Sharpe AI is recognized as the first Web3 project endorsed by industry leaders like Google, Microsoft, IBM, and OpenAI. Supported by top-tier investors such as Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol, Sharpe AI is emerging as a frontrunner in the AI-crypto landscape. As one of the pioneering projects within the Bittensor ecosystem utilizing the AIT subnet for mining $TAO, its rapid growth establishes Sharpe AI as the largest AI super-app, currently featuring over 25 live products.
“The $SAI listing signifies a crucial turning point for Sharpe AI and the larger AI-crypto ecosystem,” stated Rishabh Narang, CEO of Sharpe AI. “We are thrilled to present our vision of intelligent, accessible crypto trading to a worldwide audience.”
**Current Integrations and Partnerships:**
Sharpe AI is collaborating with a range of platforms, including 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, among others.
**About Sharpe AI:**
Sharpe AI is at the forefront of redefining the crypto interface with its AI-driven super-app, emphasizing intelligence, tracking, and investing in digital assets. With over 150,000 users and more than $500 million in trading volume, Sharpe AI is now the largest crypto super-app. The vision is to create a vertically integrated ecosystem that combines data intelligence, trading products, and DeFi execution across leading chains, forming an unparalleled platform in the industry.
The company is actively growing its capabilities, having recently acquired Brownian, a full-stack AI intelligence firm, and launched HiveIntelligence, aimed at building 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 facilitating seamless crypto swapping and bridging across various blockchains.
– **Sharpe NFT Marketplace:** A hybrid NFT marketplace aggregator featuring over 20 top marketplaces.
– **Sharpe Terminal:** A comprehensive terminal for crypto, similar to Bloomberg, consolidating news, governance, research, and market data.
Looking ahead, Sharpe AI intends to enhance its AI capabilities, integrate additional blockchain networks, and introduce new products targeting institutional investors. The company 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 forthcoming $SAI token sale, visit Sharpe AI’s official website or connect with the community on Twitter, Telegram, and Discord.
**For media inquiries, please contact:**
**Email:** [email protected]
**Contact:** Rishabh Narang, CEO, Sharpe Labs
**Email:** [email protected]
