Sharpe AI Lists $SAI Token on Gate.io Ahead of Web3 Super-App Expansion

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

Tortola, British Virgin Islands, 2nd August, Chainwire — Sharpe AI, an AI-powered crypto super-app for traders, has announced that its token $SAI will be listed on Gate.io, followed by more exchanges, starting at 1 pm UTC on 5th August, 2024. The token will be available in the trading pair USDT, paving the way for a new era in AI-powered crypto trading.

The anticipation has been building up ever since $SAI’s Initial DEX Offering (IDO) in April shattered all previous records, achieving an incredible 300x oversubscription. With over 120,000 participants pouring in a total of $576 million in assets, it marked one of the biggest IDOs in history — a true milestone moment for the crypto space.

Key Highlights

$SAI Token Utility

As the native utility and governance token of the Sharpe AI ecosystem, $SAI is meticulously designed to align incentives. It serves multiple functions within the platform, including driving participation in governance, enabling platform buybacks and burns, and unlocking access to advanced trading features. Here's a closer look at its key utilities:

a) Governance: $SAI token holders will participate in the decentralized governance of the platform through a community treasury model. This governance structure will enable token holders to collectively decide on crucial aspects of the platform, such as product development, partnerships, and community initiatives.

b) Buybacks & Burns: A portion 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, reducing supply over time.

c) Staking: 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

Being the first Web3 project recognized by tech giants Google, Microsoft, IBM and OpenAI, and backed by industry-leading investors including Animoca Brands, GBV Capital, MorningStar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol, Sharpe AI leads the charge in the AI x Crypto space. As one of the first projects in the Bittensor ecosystem utilizing the AIT subnet to mine $TAO.

This advantage contributes to their rapid growth, making Sharpe AI the largest AI super app with a live platform boasting 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. Focused on intelligence, tracking, and investing in digital assets, Sharpe is now the largest crypto super-app with 150,000+ users and $500M+ in volume. Sharpe AI envisions a vertically integrated moat by combining data intelligence, trading products and DeFi execution on leading chains, creating a platform that is unmatched 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:

a) AInsiders: An AI-powered community of traders that provides valuable insights, trading strategies, and market analysis. Members gain access to exclusive trading tools, priority allocations, and a network of experienced traders.

b) AInv: A powerful AI trading assistant that analyzes markets, identifies trading opportunities, and executes trades autonomously. It combines the strengths of artificial intelligence with the experience of professional traders to maximize profits.

c) AInstitutions: A platform that connects digital asset funds, hedge funds, family offices, and other institutions with a vast network of traders, investors, and on-chain data. It facilitates the discovery, tracking, and evaluation of traders at scale.

d) AInsidersPro: A subscription-based service that provides advanced trading tools, charting capabilities, and access to a community of experienced traders. It empowers users to enhance their trading strategies and maximize their profits.

e) AInsidersDao: A decentralized autonomous organization that governs the AInsiders community and platform. It enables token holders to participate in decision-making, contribute