This morning, the cryptocurrency exchange Binance completed the listing of the Sleepless Ai (AI) token, starting trading with 6 different trading pairs.
The cryptographic currency, belonging to a decentralized gaming project that leverages artificial intelligence technology, aims to be one of the most promising digital currencies for 2024.
As part of the listing process on Binance, the AI token was previously included in the launchpool section of the same exchange and later distributed to early adopters of the platform through a crypto airdrop.
Let’s see all the details below.
What is the crypto Sleepless AI project?
Today Binance has presented to its customers the Sleepless AI project, carrying out the listing of the AI token within various markets of the exchange.
Sleepless AI represents an innovative platform of decentralized games in which the technology of artificial intelligence is combined with the dynamics of social interactions normally present in human relationships.
Its development has been supported by VC companies such as Binance Labs, Foresight Ventures, and Folius Ventures.
The mission of the project is to offer virtual encouragement to all those people who face moments of loneliness, weakness, and lack of affection in their daily lives.
As highlighted by the same AI project, relationships in real life, although meaningful, often involve a series of limitations and disappointments.
Through Sleepless AI’s two flagship games, HIM and HER, users can engage in a virtual relationship with a bot that offers tailor-made emotional support, providing a liberating, joyful, and deeply personal love experience.
By using these two games, you don’t simply interact with a character on the screen, but you connect with a virtual entity that behaves like a real person.
These bots speak intelligently, and their personalities change based on how we play, and we can have interesting conversations with them.
Sleepless AI is one of the first projects that aims to explore the connection between human relationships and artificial intelligence, through a soft approach based on a game.
The AI token, a native resource of the platform, is used for the following purposes:
- get a discount on game token recharge, which can then be spent on purchasing clothes, accessories, upgrade cards, etc.
- to be exchanged with game tokens
- participate in gameplay governance issues, which mainly deal with game object updates
- accumulate transaction fees that are distributed in part to token holders
The Sleepless AI game is only available on the Binance Smart Chain network, but in the future it could expand to other blockchains.
The listing of the AI token by Binance not only strengthens the growing importance of blockchain and cryptocurrency in the gaming sector, but also opens up new opportunities for investors and enthusiasts to participate in the emerging landscape of AI-based gaming experiences.
Listing on Binance for the AI token accompanied by a launchpool and an airdrop for the first users of the project
Binance, the world’s largest cryptocurrency exchange, concluded this morning at 10:00 UTC (11:00 Italian time) the listing of the AI token, marking a milestone for the blockchain gaming industry.
The currency has been listed on 6 different trading pairs, including AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY, thus providing users with a wide choice and a certain degree of flexibility to participate in the trading of the new crypto.
Before listing on Binance, the Sleepless AI project raised $3.7 million from three private token sales. In these sales, 7.6% of all existing AI tokens were sold. Currently, the project is valued at $200 million.
To celebrate the debut of AI in the vast cryptocurrency market, the token has also been included in the launchpool section of Binance, where users had the opportunity to farm it starting from December 28, 2023.
A total of 70,000,000 AI tokens (7% of the total token supply) have been allocated for the launchpool, against an initial circulating supply of 130,000,000 AI tokens (13% of the total token supply).
All platform customers who had completed the KYC process could participate in the launchpool with rewards for BNB, FDUSD, and TUSD stakers.
In addition, as a support phase for the launch of the project and the AI token, a airdrop for the first users of the artificial intelligence platform was also carried out in parallel, allowing them to redeem the resource on the official website of the game just minutes before listing on the markets.
In particular, the marketing technique of airdrop often helps to attract the attention of the public, pushing more and more users to be interested in certain platforms with the promise of receiving free cryptocurrencies in exchange.
At the time of listing on Binance, the AI token was launched at an initial price of 0.03 dollars, but in a few seconds it skyrocketed to reach 2.58 dollars, before closing the first 15 minutes of trading at 1.37 dollars.
If we consider the first hour of trading on the AI/USDT market, the token’s price growth has been around 38,000%, with a trading volume of approximately 125 million dollars.
These dynamics are common for cryptographic resources that are launched on Binance and that before then did not have alternative reference markets.
It is important to remember that in these situations it is extremely complex, if not impossible, to buy the new crypto at its minimum prices, while it is absolutely easy to make a buy at the maximum prices.
Anyway, for the next few months, the forecasts for the AI token show a bullish price action, driven by a positive outlook for the broader cryptocurrency market and a reduced initial circulating supply compared to the maximum supply.
Currently, Sleepless AI has a capitalization of around 145 million dollars, compared to a FDV of 1.2 billion dollars.