Sharpe AI Unveils SAI Token Listing on Gateio

**Tortola, British Virgin Islands – August 2nd, 2024 – Chainwire**

Sharpe AI, an innovative super-app powered by artificial intelligence for crypto traders, is thrilled to announce the launch of its token, $SAI, on Gate.io, with additional exchanges to follow starting at 1 PM UTC on August 5th, 2024. The token will be traded in the USDT pair, heralding a new era for AI-driven cryptocurrency trading.

The excitement is palpable following the phenomenal success of $SAI’s Initial DEX Offering (IDO) in April, which broke all previous records with a remarkable 300x oversubscription. Over 120,000 participants contributed a staggering $576 million in assets, making it one of the most significant IDOs in the history of cryptocurrency—a landmark achievement for the industry.

**Key Highlights:**
– Sharpe AI boasts over 25 active products, serving more than 150,000 users and surpassing $500 million in platform volume.
– The company has received grants from tech giants including Google, Microsoft, and IBM.
– Sharpe AI is supported by notable industry figures such as Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol.
– The $SAI IDO on Ape Terminal achieved a staggering 300x oversubscription, making it a historical milestone with over 120,000 participants contributing $576 million in assets.
– $SAI is now listed on Aevo Pre-markets, a prestigious spot for only the most anticipated projects, and has set new records for daily trading volumes.
– Sharpe AI has also secured a CME license, making it the only crypto company to achieve this.
– As the first project in the Bittensor ecosystem, Sharpe AI utilizes the AIT subnet to mine $TAO.
– The platform has been ranked #1 globally on Product Hunt in both AI and Crypto categories.
– Sharpe AI is backed by Contango Digital, the principal investor in Bittensor.

**$SAI Token Utility:**
The $SAI token serves as the native utility and governance token within the Sharpe AI ecosystem. It is meticulously designed to align the interests of Sharpe AI, its token holders, and the wider community. The token incentivizes participation, funds future growth through a community treasury model, and facilitates decentralized governance of the platform.

Holders of $SAI will benefit from various features within the Sharpe AI ecosystem, including:
– **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:** Ability to vote on key platform decisions.
– **Staking Rewards:** Additional benefits, including fee rebates and early access to new features.

Sharpe AI is committed to fostering long-term engagement through:
– A buyback and burn mechanism designed to decrease token supply and reward holders over time.
– Long-term incentives through staking rewards and discounts.
– Governance involvement for token holders.

A portion of the profits from all products will be allocated to repurchase $SAI from the open market via various buyback strategies, including TWAP orders. These acquired tokens will be burned, effectively reducing supply over time.

With the introduction of staking, the buyback and burn mechanism will be divided into allocations for both token burns and staking rewards, allowing stakers to accumulate additional ownership of the platform over time.

**$SAI Listing Details:**
– **Date:** August 5th, 2024
– **Time:** 1 PM UTC
– **Exchanges:** Gate.io, Uniswap
– **Pair:** SAI/USDT

Sharpe AI is the first Web3 project to receive recognition from major tech firms, including Google, Microsoft, IBM, and OpenAI. Supported by leading investors such as Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol, Sharpe AI emerges as a frontrunner in the intersection of AI and cryptocurrency. As a pioneering project in the Bittensor ecosystem, it utilizes the AIT subnet to mine $TAO, fueling its rapid growth and establishing itself as the largest AI super-app with over 25 active products.

“The listing of $SAI signifies a crucial milestone for Sharpe AI and the broader AI-crypto ecosystem,” stated Rishabh Narang, CEO of Sharpe AI. “We are eager to share our vision of intelligent and accessible crypto trading with a worldwide audience.”

**Current Integrations and Partnerships:**
Sharpe AI collaborates with a variety 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, and more.

**About Sharpe AI:**
Sharpe AI is at the forefront of revolutionizing the crypto interface with its AI-driven super-app, emphasizing intelligence, tracking, and investment in digital assets. It stands as the largest crypto super-app, boasting over 150,000 users and exceeding $500 million in volume. Sharpe AI envisions a vertically integrated moat by merging data intelligence, trading solutions, and DeFi execution across prominent blockchains, resulting in an unmatched platform in the industry.

The platform is rapidly evolving its capabilities, having recently acquired Brownian, a specialist in full-stack AI intelligence, and launched HiveIntelligence, aimed at creating a 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 cryptocurrency swapping and bridging across various blockchains.
– **Sharpe NFT Marketplace:** A hybrid aggregator for NFT marketplaces, featuring over 20 top platforms.
– **Sharpe Terminal:** A comprehensive terminal for crypto, consolidating news, governance, research, and market data.

Looking to the future, Sharpe AI intends to augment its AI capabilities, integrate more blockchain networks, and introduce new products designed for institutional investors. The company is also exploring collaborations with traditional finance institutions to bridge the divide between conventional finance and cryptocurrency.

For further details about Sharpe AI and the upcoming $SAI token sale, interested users can 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:**
CEO Rishabh Narang
Sharpe Labs
Email: [email protected]