Sharpe AI has officially listed its token $SAI on Gate.io, with trading commencing on August 5, 2024, at 1 PM UTC.

The $SAI token follows a record-setting Initial DEX Offering (IDO) in April 2024, which saw an impressive 300x oversubscription, attracting over 120,000 participants and raising $576 million.

Currently, Sharpe AI boasts over 25 live products and has attracted more than 150,000 users, with a platform volume exceeding $500 million.

$SAI serves as the native utility and governance token within the Sharpe AI ecosystem, offering holders various benefits, including discounts and governance rights.

The $SAI token will be traded in the USDT pair, marking a significant step forward in AI-powered crypto trading.

To enhance its tokenomics, Sharpe AI will implement a buyback and burn mechanism aimed at reducing the $SAI supply and rewarding token holders, utilizing profits from its products for token repurchases.

The platform has integrated with several partners, including Aave and TradingView, to improve its offerings and user experience.

Sharpe AI is focused on bridging the gap between traditional finance and crypto markets, actively exploring partnerships with financial institutions and expanding its AI capabilities.

The company has garnered support through grants from major tech firms like Google, Microsoft, and IBM, and is backed by notable investors such as Animoca Brands and GBV Capital.

Sharpe AI stands out as the first Web3 project recognized by tech giants including Google, Microsoft, and OpenAI, positioning itself as a leader in the AI and crypto sectors.