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Sai (SAI) is the 1569th largest cryptocurrency in the world by market cap, valued at $20,078,917. The current price of Sai is $9.03, which is -0.319% lower than yesterday. Prices have ranged between $9.19 and $9 over the past 24 hours. All prices are listed in US dollars and accurate as of March 27, 2023 06:03 UTC.
SAI is a legacy token associated with the SideShift.ai protocol. Launched in 2019, SideShift.ai is a cryptocurrency exchange that offers users the ability to swap cryptocurrencies automatically without the need to sign-up.
Alongside the ability to swap, the protocol has focused on offering users privacy, ease of use, and a reduction in third-party risk. The exchange now supports over 50 different cryptocurrencies.
According to the project’s whitepaper, unlike traditional cryptocurrency exchanges, SideShift.ai only takes brief custody of a user’s funds while completing a SHIFT - a term given to a coin exchange on the protocol. Once the SHIFT is completed, the new cryptocurrency asset is sent directly to the user.
To accompany the services offered by SideShift.ai, the protocol developed a native cryptocurrency originally known as SAI. In 2020 the protocol updated the token from SAI to XAI, which means that SAI is now a legacy token of the system. The transfer from SAI to XAI occurred at a 1:1 ratio. XAI can be staked within the protocol to receive a percentage of all transaction fees and the token is used to reward affiliate program members.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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