The much anticipated Sharpe AI Airdrop is here. Are you prepared to collect your cryptocurrency rewards? As any crypto enthusiast would know, Airdrops are something you cannot miss out on. But you need to be ready, prepared, and eligible to receive the rewards.
As the Sharpe AI team reveals the “Sharpe Season 1 Airdrop, here is what you should know about it to not miss out on this potentially lucrative opportunity.
Here we will explore the eligibility criteria, allocated coins, timeline, and more about the Sharpe Airdrop.
We will also, explore a little about what Sharpe AI is, to get a better understanding of why this airdrop matters.
What is Sharpe AI?
The big thing of the last couple of years has been the advent of AI, and its invasion into various industries. The cryptocurrency industry was no different. Sharpe AI is an AI-powered cryptocurrency super app.
The platform provides multiple tools and features for its user’s need for advanced crypto analysis, DeFi automation, and execution environments.
The app functions on the Ethereum ecosystem. Its features include advanced DeFi management, DeFi yields through professional investment strategies, DEX (decentralized exchange) with advanced order types, crypto analytics, and much more.
$SAI Token Allocations
The app’s token is $SAI, which was listed on Gate.Io on August 5, 2024. The token comes with a 1,000,000,000 token maximum fixed supply. According to the Shape AI’s documentation, here is how the tokens are distributed:
– Seed Round: 6.67% (66,666,667 $SAI)
– Strategic Round: 6.67% (66,666,667 $SAI)
– Public Sale: 1% (10,000,000 $SAI)
– Team & Advisors: 15% (150,000,000 $SAI)
– Ecosystem Development: 20% (200,000,000 $SAI)
– Marketing & Airdrop: 13% (130,000,000 $SAI)
– Treasury: 20% (200,000,000 $SAI)
– Liquidity: 17.67% (176,666,667 $SAI)
The token allocation chart above shows that 13% (130,000,000 $SAI) of the total supply of the token is allocated for marketing and Airdrop.
However, to gain sustainable growth rather than a fad hype, the Airdrop is divided into 5 different seasons.
Sharpe Season 1 Airdrop How to Participate?
Season 1 of the 5 seasoned Sharpe AI Airdrop is underway. The Airdrop is aimed at rewarding active users of the Sharpe ecosystem.
The platform has implemented a “Sharpe Points” program for determining the rewards for the participants.
Your activity and engagement with all of Sharpe’s products are reflected in these points. Here is what you can do to earn points:
- Use Sharpe Products such as Sharpe Preps, Sharpe Bridge, Sharpe Onramp, Sharp Refuel, Sharpe DEX, Sharpe NFT Marketplace, and Sharpe Earn.
- Using Leverage on certain Sharpe products can get you higher points.
- Participate in social quests and engage in Galxe campaigns. The Galxe loyalty points are converted to Sharpe Points on a 1:1 ratio at the end of season 1 Airdrop.
Keep in mind that every dollar of traded volume across all Sharpe platforms earns you 1 Sharpe Point. You need to aim to accumulate the maximum Sharpe Points for getting a higher $SAI allocation.
Users are ranked on the leaderboards according to their earned points. The leaderboard resets every week.
To earn more points you need to active the coin multiplier by dominating the lead board:
- Top 10 users: 2.5x multiplier
- Top 11-25 users: 2x multiplier
- Top 26-50 users: 1.5x multiplier
- Top 51-100 users: 1.2x multiplier
Note that the top user in each EPOCH (one week in this case) will be awarded a golden badge. Golden badge holders get additional airdrop rewards.
Eligibility Criteria for Sharpe Season 1 Airdrop
To be qualified for the Sharpe Season 1 airdrop rewards, you should be mindful of the following things:
- Under no circumstances should the participants use bots to engage in the social quests.
- Actively use the Sharpe app and other Sharpe products.
- Do not use different addresses on the Sharpe Quest platform and Sharp app.
- Participants should be adults who are aged older than 18 years.
Snapshot Date and Airdrop Season 1 Timeline
As mentioned above, the Airdrop is already live. The snapshot date of the season 1 Airdrop is announced to be on August 25th at midnight UTC.
If you are counting on getting airdrop rewards, you need to be eligible and grab enough Sharpe Points before the snapshot date.
The platform will be converting Shape Points to $SAI proportionally to ensure fair distribution.
The TGE (token generation event) will be held on August 27th at 1 PM UTC, whereas the $SAI Airdrop Checker will be live from August 27th.
Also, Read: Best Upcoming ICOs In 2024
Conclusion
Sharpe AI is a cryptocurrency super app that utilizes AI. The platform’s crypto token is $SAI which is used for platform governance, revenue sharing, accessing premium features, etc.
The $SAI airdrop season 1 is alive and the platform has announced its timeline through its X profile. In this article, we have explored all aspects you should know about the season 1 Airdrop of Sharpe AI.
Overall, the platform seems genuine and it has managed to generate about $1.7 M in fundraising rounds.
The token allocation plan of the platform seems future-proof, and the airdrop event is designed to reward genuine users of the platforms. So, if you are interested in earning some $SAI, head to the Sharp platform.
