What Is Superp (SUP)?

Superp is a decentralized derivatives trading platform that enables users to open high-leverage positions on Bitcoin, Ethereum, and hundreds of altcoins. The platform’s Meme Perp (TRS) allows users to take long or short positions on new tokens as early as 10 minutes after their market launch. The NoLiquidation Perp (PSC) product offers up to 10,000x leverage without liquidation risk, allowing users to earn returns by paying only a fixed fee. Alpha Perp provides an optimized trading experience for high-growth potential tokens listed on Binance. By creating an innovative ecosystem for liquidity providers and traders, Superp sets itself apart in the DeFi space.

What Is Superp’s Profit Swap Contract (PSC)?

Superp’s Profit Swap Contract (PSC) is a revolutionary financial instrument that allows users to pay a fixed fee to access the potential returns of an asset over a specified period. For example, by paying just 10 USDT, users can gain 100% of the returns from a price increase in 1 BTC. This product is the first in the industry to offer up to 10,000x leverage while completely eliminating liquidation risk. Users can access yields from over 100 assets, including BTC, ETH, and other altcoins. Inspired by traditional finance, the contract has been standardized for the crypto market, ensuring fast, transparent, and cost-effective transactions.

What Is a Profit Swap Contract in Traditional Finance?

In traditional finance, a Profit Swap Contract is a derivative agreement where two parties agree to share the profits generated by an asset or project over a defined period. One party makes a fixed payment in exchange for receiving variable profit-based payments. The contract typically revolves around a profit-generating asset, such as a real estate project, energy plant, or business unit. The parties agree on key terms like the profit-sharing ratio (e.g., 70%-30%) and the contract duration. Superp adapts this structure to the crypto market, offering an innovative approach.

Innovative Features of Superp’s Profit Swap Contract

1. Crypto Market Standardization: Superp standardizes complex traditional finance Profit Swap Contracts for crypto, simplifying transactions, enhancing liquidity, and ensuring transparency.
2. Over 100 Assets: Offers trading opportunities with BTC, ETH, and over 100 other altcoins.
3. 10,000x Leverage: Provides liquidation-free leverage from 1,000x to 10,000x, enabling users to achieve high returns with low costs.

Key Features

• Low Cost: Users can access the returns of high-value assets, like 1 BTC, for as little as 10 USDT, making high-value investments affordable.
• Unlimited Leverage: As the contract nears expiration, costs decrease, boosting leverage up to 10,000x.
• No Liquidation: Losses are limited to the fixed fee paid, eliminating liquidation risk.
• Zero Slippage: Trades are executed at fixed prices, unaffected by market liquidity fluctuations.
• No Transaction Fees: Users pay only the fixed product cost, with no additional fees.

Mark Price and Price Index

Superp’s Profit Swap Contract uses Mark Price and Price Index to prevent price manipulation. The Price Index is calculated as a weighted average of prices from multiple exchanges, reducing volatility risk. For instance, if an exchange’s price deviates by more than 5% from the median, it is capped at 1.05 or 0.95 times the median price.

Pricing (Cost)

Superp’s Profit Swap Contract is priced using the Longstaff-Schwartz Method, which employs Monte Carlo simulations and least-squares regression to value American-style options. This allows users to make optimal trading decisions based on an asset’s future price movements. The method determines the contract’s cost, dynamically reducing it as expiration approaches to increase leverage.

Market Makers

Market makers ensure liquidity on the Superp platform, enabling fast and slippage-free trading for users. By continuously providing bid and ask prices, they support market stability and hedge their risks to manage volatility. Superp is grateful for its market makers’ support and welcomes new partnerships.

Trading and Settlement Fees

Superp offers a transparent fee structure:

• Transaction Fee: Currently waived, with future fees to be determined by the Superp DAO.
• Settlement Fee: Set at 10% of profits but currently free for a limited time.

This fee-free period is made possible by community support and contributions from leading institutional investors.

Risk Management: Risk Limits

To ensure a secure trading environment in the volatile crypto market, Superp implements the following risk control measures:

• Position limits per user.
• Platform-wide aggregate position limits.
• Order frequency limits.

These measures prevent market manipulation and promote a fair trading environment.

Risk Management: Automatic Deleveraging (ADL)

Superp uses an Automatic Deleveraging (ADL) mechanism to protect users during extreme market volatility. This system reduces the most profitable positions in liquidity shortage scenarios, ensuring platform stability. ADL safeguards user profits while maintaining fair settlements. Users are encouraged to diversify their portfolios to mitigate risk.

What Is Superp TRS (Total Return Swap)?

Superp TRS (Total Return Swap) is a decentralized derivatives service that allows users to take long or short positions on new tokens as early as 10 minutes after their launch. Users can open positions by paying a dynamic interest rate without borrowing tokens. Liquidity providers (LPs) stake tokens to earn interest and liquidation profits. Initially, tokens are listed based on popularity and liquidity, with permissionless listings planned for the future.

Risks

• Liquidation Risk: Positions may be liquidated if the market moves against you.
• Oracle Risk: Incorrect oracle pricing could trigger unwarranted liquidations.
• Squeeze Risk: Mass liquidation of short positions may drive rapid price increases.
• Risks for LPs: Utilization risk (tokens fully lent out) and bad debt risk (post-liquidation debt exceeding collateral).

Leverage Level

Up to 10x leverage is offered, adjusted based on token volatility.

Key Features

• Staking (Liquidity Providers): Users stake assets in the TRS liquidity pool to earn yields from traders’ fees.
• Long Positions: Users borrow assets from the pool for leveraged positions, with real-time price tracking for risk management.
• Short Positions: Assets are borrowed and sold, with profits realized by repurchasing at a lower price.
• Liquidation Mechanism: Automated liquidation triggers when the collateral ratio falls below the threshold, pausing during abnormal market conditions.

What Is Alpha Perp?

Alpha Perp is tailored for high-growth potential tokens listed on Binance. It offers tighter risk controls, a curated asset list, and dynamic interest bands for a secure and optimized trading experience. Each token has a specific LTV ratio, interest ceiling, and liquidation tolerance.

Superp Airdrop and Points System

Superp’s points system gamifies the platform, rewarding users for participation. Users earn Sugar to level up their Ice Cream Cart, unlocking greater airdrop rewards. Higher levels yield larger rewards, boosting user engagement.

Superp (SUP) Roadmap

2025

• Q1: Participation in Token2049 Dubai, seed round closure (led by Pluto Studios, Sei Network), expansion to South Korea and Japan, BNB Chain launch, Meme Perp test version.
• Q2: Integration with DAppbay and DefiLlama, Alpha Perp testnet launch, airdrop campaigns, rebranding to Superp.
• Q3: Tokenomics announcement, Alpha and Meme Perp limited beta testing, CEX/DEX listings, $37 billion USDT trading volume, and 6 million users.
• Q4: Solana integration, new trading pairs, crypto-stock leveraged product launch, introduction of standard perpetual products.

2026

• Q1: Official launch of standard perpetual contracts, risk management system upgrades, Trade-to-Earn incentives, liquidity mining campaigns, token burn or buyback schedule.

Superp (SUP) Tokenomics

• Token Name: $SUP
• Total Supply: 1,000,000,000 $SUP
• Circulating Supply: 175,000,000 $SUP

Distribution:

• Team: 10% (1-year cliff, 3-year linear vesting)
• Advisors: 3.35% (1-year cliff, 3-year linear vesting)
• Investors: 16.65% (6-month cliff, 2-year linear vesting)
• Airdrop: 5% (Distributed at TGE)
• Community Reserve: 35% (From month 2, 4-year linear vesting)
• Marketing: 6% (2% at TGE, 4-year linear vesting)
• Ecosystem: 19% (10% at TGE, 4-year linear vesting)
• Liquidity: 5% (Deployed at TGE)

Superp (SUP) Investors and Backers

Backers: Pluto, Sei, UOB, HTX Ventures, UXLink, ZeroSevenOne, TONX, Ocular, Signum Capital, Openspace, Paper, ABCDE, The Brooker Group. Angel Investors: Oobit, STEPN, xAI, Scroll, Kiloex.

Superp (SUP) Team

Superp’s team comprises experts in developing innovative financial solutions. Led by Michael Cameron in marketing, the team drives the platform’s global growth. With deep expertise in DeFi and derivatives trading, they aim to build a user-centric trading platform. Supported by a strong community and prominent investors, Superp plays a pioneering role in the crypto ecosystem.

Official Links

• Website
• X (Twitter)
• Whitepaper

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Grok, xAI’s artificial intelligence system, will analyze real-time posts on the X platform. These analyses will generate notes for Polymarket’s prediction markets. In return, Polymarket’s data will support Grok’s responses by connecting them to relevant discussions on X. Shayne Coplan (Polymarket CEO): 

“The two best truth-seeking applications on the internet are stronger together.” 

Thanks to the partnership, X customers will now have direct access to Polymarket’s prediction markets. Additionally, X’s strong user base will contribute to Polymarket’s growth. This creates mutual benefits for both parties. Moreover, the effective use of blockchain technology will set new industry standards. 

Partnership Details and Expectations 

Under the agreement, X and Polymarket will begin co-developing new products. The two companies aim to offer innovative solutions in blockchain-based financial products. Furthermore, joint projects will expand the user base of crypto and prediction market participants. As a result, more investors will join the digital economy. 

Polymarket is known for creating prediction markets on highly engaging topics such as US elections, sports events, and financial happenings. The platform enables users to assess probabilities of events and earn rewards based on those predictions. With this collaboration, X is expected to increase social media users’ participation in prediction markets, enhancing platform engagement. Linda Yaccarino (X CEO): 

“This partnership is a significant step in transparency and real-time information delivery. Polymarket ensures transparency through prediction markets and has become a real-time information source for many X users. We are pleased to partner with Polymarket and look forward to offering our data and technology to Polymarket users through various creative product integrations.” 

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Strategic Partnership Between xAI and Telegram

The agreement will last one year, with Telegram receiving $300 million in cash and equity. Additionally, Telegram will earn 50% of the revenue from xAI subscriptions sold via the app. Grok will be accessible through the Telegram search bar and will offer features such as:

• Smart text editing
• Chat and document summarization
• Group chat moderation

Telegram users will gain access to one of the most advanced AI technologies on the market starting this summer.

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TONcoin Rallies on Telegram News

The announcement was followed by several major Telegram-related developments. BlackRock reportedly participated in Telegram’s bond sale, and a former Visa crypto executive joined the TON Foundation in a top role. Telegram had already made TON its exclusive cryptocurrency for in-app payments as of January.

Following these updates, TON surged by 20%, reaching $3.60 within hours.

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CEO Sam Altman emphasized that this will not hinder OpenAI’s ability to raise massive funding needed for AI development. “We currently need hundreds of billions of dollars, and may eventually need trillions,” Altman wrote in a message to staff.

Profit Structure Dispute and Musk Lawsuit

Originally founded in 2015 as a nonprofit, OpenAI created a for-profit arm in 2019 to support fundraising. Despite remaining under nonprofit control, plans in 2024 hinted at a full spinout — which sparked backlash.

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One of the most vocal critics was Elon Musk, OpenAI’s co-founder, who filed a lawsuit accusing Altman of violating the charitable intentions of the original founding. Musk alleged that Altman planned all along to convert the organization into a for-profit entity.

Musk later launched xAI and developed Grok, positioning it as a rival to ChatGPT, while accusing OpenAI of anti-competitive behavior.

Massive Revenue Goals Remain

Despite the governance shift, OpenAI’s financial ambitions remain bold. According to Bloomberg, the company expects to generate $12.7 billion in 2025, growing to $29.4 billion by 2026. In March, OpenAI reportedly raised $40 billion from SoftBank, at a $300 billion valuation.

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GE Vernova and NextEra Energy have also committed to collaborating with AIP to scale diverse and critical energy solutions for AI data centers. GE Vernova will contribute to supply chain planning and the delivery of innovative and high-efficiency energy solutions.

AIP, launched in September 2024, has attracted significant capital and partner interest, reflecting the growing demand for AI-ready data centers and energy solutions. The partnership initially aims to secure $30 billion in capital from investors, asset owners, and corporations, with a total investment potential of $100 billion, including debt financing.

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On Tuesday, all eyes will be on Turkey’s CPI (Inflation Rate) report, set to release at 10:00 AM. The expectation is 46.6%, compared to the previous rate of 48.58%. Later in the evening, SEC Chair Gensler‘s address may offer new signals regarding crypto regulations.

Wednesday brings major launches in the crypto sphere. Floki is set to unveil its new project, MONKY, while Ripple will launch its much-anticipated RLUSD stablecoin. These developments are expected to ripple through the crypto markets. Later in the evening, at 9:45 PM, FED Chair Jerome Powell will deliver an important speech, followed by the release of the U.S. Beige Book at 10:00 PM, providing critical insights into the economic outlook.

On Thursday, Gala Film will roll out its new token, $FILM, which could drive more interest in the Gala ecosystem.

Friday marks a pivotal day for financial markets. At 4:30 PM, the U.S. Non-Farm Payrolls data will be revealed. Expectations are at 202,000, up from the previous 12,000 figure. Simultaneously, the U.S. Unemployment Rate will be announced, with a forecast of 4.2%, compared to the prior 4.1%.

This week, key events like the Ripple stablecoin launch, SEC and FED Chair speeches, and U.S. employment data could shape the direction of both crypto and financial markets.

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On the Xai platform, users can own in-game items as NFTs and trade them to generate income. By removing the necessity of directly interacting with a crypto wallet, Xai becomes extremely user-friendly and appealing to traditional gamers who might find blockchain technology intimidating. Developers also benefit from Xai’s high scalability and stability, allowing them to offer an enhanced gaming experience.

XAI Token Project

XAI token is the native cryptocurrency of the Xai platform. The XAI token serves three main functions: 1) Paying gas fees, 2) Rewarding validator nodes for verifying transactions, 3) Facilitating the buying and selling of in-game items.

In addition to these functions, XAI token holders can also earn staking rewards. XAI is currently considered one of the top gaming tokens in the market.

Who Are the Founders of the Xai Project?

Xai (XAI) was developed by Offchain Labs, a team that has been working in the blockchain space since 2018. The founders of Offchain Labs are Ed Felten, Steven Goldfeder, and Harry Kalodner.

Ed Felten, among these three names, stands out as a leading computer expert in the United States. Felten previously served as Deputy Chief Technology Officer at the White House Office of Science and Technology Policy during the administration of former President Barack Obama.

XAI Token Statistics

The maximum supply of XAI tokens is set at 2.5 billion tokens. The total supply of XAI tokens, at the time of writing, is 1,007,924,352 tokens.

How Does the Xai Blockchain Work?

The cornerstone of Xai’s innovation is the AnyTrust protocol, a variant of Arbitrum Nitro technology developed by Offchain Labs. AnyTrust manages data availability with a flexible trust assumption, ensuring robust data security while significantly reducing costs. This approach addresses issues such as gas fees, unstable blockchains, and complex game designs on the blockchain.

A critical component of Xai is the Sentry Nodes, which play a vital role in maintaining the integrity of the Xai network. These observer nodes alert the network if a wrong block is proposed. These nodes, running on laptops, desktops, or cloud systems, contribute to network security and earn token rewards in return.

What Makes the Xai Project Unique?

Today, the video game industry is one of the largest sectors in technology. Many game companies are trying to integrate their games into the Web3 ecosystem by leveraging blockchain technologies. However, this integration brings challenges such as scalability. Additionally, as these projects involve cryptocurrencies, players need to be familiar with using a crypto wallet and understanding digital currencies. These are seen as barriers to fully integrating the video game industry with blockchain technology.

Xai offers innovative solutions to these challenges. The most significant innovation provided by this scalable blockchain is the elimination of the need to interact directly with crypto wallets. Xai manages cryptocurrency wallets on behalf of the player, seamlessly integrating this mechanism into the gaming experience, thus removing the obstacles traditional gamers face.

XAI Token Price

The all-time high XAI token price was recorded at $1.22 on January 17, 2024. The lowest XAI token price was $0.4531 on January 10, 2024.

How to Buy XAI Token?

XAI tokens can be easily purchased on reputable cryptocurrency exchanges like Bitlo. You can trade XAI with fiat currencies such as Turkish lira, US dollar, or euro. After verifying your Bitlo account, you can securely conduct buy and sell transactions with Turkish lira.

Where to Buy XAI Token?

You can securely buy and sell XAI tokens, among others, with Turkish lira on Binance, one of Turkey’s well-established cryptocurrency exchanges.

XAI Token Review

Xai (XAI) offers an innovative solution to the ever-growing gaming industry, which increasingly needs Web3 integration. The solutions provided by Xai help traditional gamers adapt to the blockchain world. In this regard, XAI token can be considered a promising cryptocurrency.

Frequently Asked Questions About XAI (XAI)

What is XAI?

Xai (XAI) is a gaming-focused Web 3 blockchain platform.

Which Networks Does XAI Operate On?

Xai (XAI) is a Layer-3 blockchain based on Arbitrum (ARB).

Where Is XAI Token Used?

XAI Token is used for securing the blockchain and trading in-game items.

Is XAI Mined?

XAI is not a mineable cryptocurrency.

What Is the Total Supply of XAI?

The total supply of XAI is 1,007,924,352 tokens

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It comes on the same day that voters in Delaware decided to restore Musk’s $44.9 billion pay package thrown out in January.

On behalf of Tesla, Cleveland Bakers, and Teamsters Pension Fund, Daniel Hazen and Michael Giampietro lodged the June 13 stockholder action in Delaware’s Chancery Court.

Allegations of xAI Talent and Resource Diversion

They assert Musk raised billions for the firm while “touting xAI’s access to Tesla’s AI-related data,” moving “scarce talent and resources from Tesla to xAI.”

Long highlighting the AI-backed self-driving capabilities of its vehicles and driver aid technologies, the manufacturer has

The trio said Musk’s xAI hired numerous key AI-focused employees from Tesla, including its most significant hire of Tesla’s computer vision team lead, Ethan Knight, in March 2024.

Referring to an early June CNBC article, the complaint claimed Musk “beyond personally directing Nvidia” to deliver graphics processing units (GPUs), the backbone compute power of AI models, bound for Tesla to xAI and X.

Musk said on X at the time that the GPUs “would have just sat in a warehouse,” since Tesla had “no place to send them.”

“Through all of this, Musk’s fellow directors on the Tesla board of directors have done nothing,” the investors said.

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They said the board “utterly failed to even attempt” to discharge its fiduciary duty to Tesla and its stockholders in the face of Musk’s flagrant treachery, allowing him to “generate billions in AI-related value at a firm other than Tesla.”

The lawsuit seeks the value that has been diverted from Tesla returned.

This year, Tesla Inc. (TSLA) shares dropped 26.5%. Google Finance shows that it closed June 13 at about 3% at $182.47, with a minor 0.13% increase in after-hours trading.

The three linked to Musk’s January X post, in which he expressed unease about expanding Tesla’s robots and artificial intelligence initiatives without around 25% voting control.

“Unless that is the case, I would prefer to develop products outside of Tesla,” Musk said.

The shareholders argued Musk’s comment implied he “consciously founded xAI to build outside of Tesla AI-related products that he previously intended to build inside of Tesla.”

At the time of the post, Musk held roughly 21% of the firm, but Delaware’s Chancery Court rejected Musk’s 2018 compensation plan in January, which saw his stake drop to 13%, the lawsuit alleged.

With his voting power damped, “Musk responded by ramping up operations at xAI,” they alleged.

The shareholders’ June 13 decision to reinstate the 2018 pay package still faces a likely months-long tie-up in Delaware’s Chancery and Supreme Courts as Tesla attempts to overturn the earlier rejection.

The post Musk’s xAI Startup Under Fire from Tesla Investors appeared first on Coin Engineer.

The listing comes as Bitcoin (BTC) and Ethereum (ETH) trading volumes continue to lag behind altcoin volumes in South Korea.

According to an announcement on Bithumb’s official website on June 5, XAI will be listed at 12:00 PM KST today.

The exchange said that XAI deposit transactions will only be open for the Arbitrum network. Bithumb also warned that transfers from other networks should not be made.

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XAI will be traded in a KRW (South Korean Won) pair. After the listing, investors will be able to buy and sell XAI in the XAI/KRW trading pair.

According to CoinGecko data, XAI rose 11% to $0.963 from $0.868 on the Bithumb listing announcement. XAI is currently trading at $0.936, with a slight correction.

The listing is expected to boost XAI trading volume and liquidity. It could also lead to increased interest in the project from South Korean investors.

XAI is a stablecoin that is pegged to a basket of assets, including gold, silver, and the US dollar. It is designed to provide a more stable alternative to other cryptocurrencies.

The Binance Launchpool project was launched in May 2023. It allowed users to stake BNB (Binance Coin) to earn XAI tokens.

The project was a success, and it helped to raise awareness of XAI. The listing on Bithumb is another major milestone for the project.

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Raca Price Analysis:

When we look at the 4-hour chart of Raca, we have entered a falling trend after the rise it experienced as of May 24. However, Raca could not break the falling trend.

The levels to pay attention to in Raca are the $0.00024, which is the current support position of the price, and the $0.00025 resistance area.

XAI Price Analysis:

XAI is trading at $0.8, with TradingView regularly up over 5 percent on the day.

While XAI continued its price movement in an upward trend for a long time, the price increased from 0.5 dollars to 0.8 as of May 20. While the resistance point of the rising trend is $ 0.82, the support level is $ 0.78.

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