Sapien Token was promoted by 70% after the TGE event, in addition to launches on multiple crypto exchanges, including Kraken and Kucoin.
summary
- The Sapien Token rose nearly 70% within a day of its launch.
- Tokens were listed in major exchanges such as Coinbase and Kraken shortly after TGE.
According to a recent X post, Binance Alpha, the spotlight section within the Main Binance Exchange, was the first platform to list Sapien (Sapien) on August 20th.
Other major exchanges that also added support for Sapien tokens include Coinbase, Kraken, Kucoin, MEXC, and Bitget.
The Token Generation event established a maximum supply of tokens of 1 billion, with 250 million people circulating after the event.
According to its Tokenomics, roughly 5% of the supply, or 50 million tokens, was distributed to early contributors based on confirmed points.
An additional 0.5%, or 5 million tokens, were assigned to the top 10,000 members of Cookiedao, with 30% of that tranche unlocked at launch. Sapien Squad and Discord role holders also received bonus allocations for participation.
You might like it too: Ethereum prices are under $4,300 as analysts warn of sell-side pressure
Overall, 13% of the total supply was allocated to airdrops, with further allocations directed towards staking, liquidity and long-term contributor rewards.
Following TGE, Sapien debuted at an initial price of $0.148, rising nearly 70% within five hours to an intraday high of $0.252. Since then, Altcoin has traded sideways, slipping about 5%, and swapping hands for $0.239 at press time.
Daily trading volumes for tokens remained at over 19,000% over the past day, highlighting a rapid surge in demand from investors that has boosted profits today. The topic surrounding tokens has pushed it into the breakout section of Google Search, reflecting the growing interest from retail investors.
Sapien is a decentralized AI data protocol built on the basis of Coinbase’s Layer 2 blockchain. Its mission is to create a “proof of quality” system for AI training data, where contributors label, validate and refine datasets.
Sapien tokens act as a native utility and governance asset for the protocol. Used to reward contributors to complete > read more: OKB price increases by 55% as OKX approaches a full X-layer token shift
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
