AI tokens surged on Tuesday, January 21, 2025, after President Donald Trump unveiled a new joint venture to invest up to $500 billion in artificial intelligence infrastructure after his inauguration as the 47th US President.

The company in which these funds will be invested is Stargate Company, which will build the physical and virtual infrastructure to power the next generation of advancements in AI in the United States and around the world. It will also build data centers and create more than 100,000 jobs in the United States.

What is the complete story behind the Stargate project? Who are those behind this project, along with President Trump, and how will the token of the project STARGATE impact the crypto market? Continue reading to find out.

What is Stargate

STARGATE token is a memecoin built on Solana, inspired by a groundbreaking announcement: President Trump’s official declaration of a $500 billion “minimum” investment initiative to build cutting-edge AI infrastructure in the United States over the next four years, dubbed Stargate.

The Stargate Project is a new company that intends to invest $500 billion over the next four years, building new AI infrastructure for OpenAI in the United States. Stargate will begin deploying $100 billion immediately.

This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefits for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.

The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son, SoftBank CEO will be the chairman.

Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and they are evaluating potential sites across the country for more campuses as they finalize definitive agreements.

As part of the Stargate project, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle.

This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as it continues its work with Microsoft, using this additional computing to train leading models and deliver great products and services.

Stargate looks forward to continuing to build and develop AI—and in particular AGI (Artificial General Intelligence)—for the benefit of all of humanity. Stargate believes that this new step is critical on the path and will enable creative people to figure out how to use AI to elevate humanity.

Background and History of Stargate

Stargate’s mission is to achieve AI meme dominance. Stargate is a project aimed at building data centers in the United States that will power AI.

SoftBank CEO Masayoshi Son, OpenAI’s Sam Altman, and Oracle’s Larry Ellison all joined Trump at the White House to announce the Stargate project.

Trump said in a January 21 press conference that the Stargate project’s initial equity funders are ChatGPT creator OpenAI, SoftBank, and Oracle, and touted that the project would create “over 100,000 American jobs.”

“What we want to do is we want to keep [AI innovation] in this country,” Trump said, flanked by OpenAI boss Sam Altman, Oracle technology chief Larry Ellison and SoftBank’s Son. “China is a competitor; others are competitors. We want it to be in this country, and we’re making it available,” he said, adding that he would make it possible through emergency declarations.

“Immediately, Stargate will be building the physical and virtual infrastructure to power the next generation of advancements in AI,” said Trump. “And this will include the construction of colossal data centers.”

Commenting on the Stargate project, Altman, the CEO of OpenAI, said at the press conference that “this will be the most important project of this era.”  “This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies,” Altman added. 

Price History of STARGATE Token on CoinEx

The STARGATE token was listed in CoinEx on January 22, 2025. Tradings, deposits, withdrawals, and swapping were made available immediately.

The STARGATE token has a total supply of 1 billion tokens. With the announcement of the Stargate project, Oracle shares soared 7% during normal trading hours on reports of the multibillion-dollar project, closing the day at their highest level since December 13, with gains increasing after Trump’s announcement, adding another 3%.

Oracle was by far the largest percentage gainer among the United States’ 42 “mega-cap” businesses valued at least $200 billion, leading larger advances Tuesday, with the S&P 500 jumping about 1% to its highest finish since December 17. Other prominent AI stocks surged on Tuesday, with shares of semiconductor chip designer Nvidia and SoftBank-backed Arm Holdings rising 2% and 4% in normal trading, respectively, and climbing more than 2% in limited afternoon trading.

The announcement has already had a noticeable impact on the broader market, particularly in AI-related cryptocurrencies. Following the news, the market capitalization of AI tokens surged by 9%, reaching $45.83 billion on January 21, 2025.

The surge in AI tokens reflects a broader shift in market interest as investors move capital towards more “sentient” tokens. Investors pivot from meme tokens to AI coins, with analysts predicting AI as a major crypto driver by 2025. These factors will undoubtedly impact the price of STARGATE token.

Overview

  • Name: STARGATE (Stargate) 
  • Explorer: Stargate on Solscan Explorer
  • Total Supply: 1 Billion
  • Contract Address: FsTc9VgMQoHAc5o8DdeAFv1RphgNjb4kZTxx8JQSpump
  • Category: AI
  • Top 10 Holders (%): 13.98%
  • Total Holders: Over ten thousand
  • Supported CEX: CoinEx
  • Supported DEX: Raydium
  • Twitter: STARGATE Token X
  • Telegram: STARGATE Community         
  • Convenient for users to know in time: https://www.coinex.com/en/info/STARGATE

*This article does not constitute investment advice.