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Cryptocurrency News Articles

Sharpe AI Lists Its $SAI Token on Gate.io Following Blockbuster IDO Success

Aug 02, 2024 at 10:16 pm

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

Sharpe AI Lists Its $SAI Token on Gate.io Following Blockbuster IDO Success

Tortola, British Virgin Islands, 2nd August, 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, kicking off a new chapter in AI-powered crypto trading.

Anticipation is running high following the blockbuster success of $SAI’s Initial DEX Offering (IDO) in April. The IDO smashed all previous records, achieving an incredible 300x oversubscription. With over 120,000 participants and bringing in assets of $576 million, it marks one of the largest IDOs in history—a true milestone moment for the crypto space.

Key Highlights

$SAI Token Utility

$SAI is the native utility and governance token that powers 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:

Access to exclusive features, products, and services on the Sharpe AI platform.

Participation in the decentralized governance of the platform through voting on key decisions.

Ability to stake $SAI tokens to earn rewards and contribute to the security of the platform.

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

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:

AI Trading Assistant – An AI assistant that helps traders make better decisions by providing personalized insights, trade recommendations, and real-time market analysis.

NFT Tracking – A comprehensive NFT tracking tool that allows users to monitor their collections, view floor prices, and rarity rankings in one place.

Smart Order Routing – An advanced order routing technology that automatically splits and routes trades across multiple exchanges to achieve optimal execution.

Copy Trading – A feature that enables users to automatically follow and copy the trades of experienced traders, allowing them to learn and earn passively.

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, contact:

News source:blockzeit.com

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