Bittensor $TAO
Bittensor (TAO), launched by the Opentensor Foundation, is a Layer-1 blockchain fostering collaborative machine learning. Its Proof of Intelligence consensus rewards nodes for valuable ML models. Operating on its custom layer-1 blockchain, Bittensor enables subnets, specialized markets for tasks like text generation or data analysis, where miners deploy ML models and validators assess their outputs. Users might query a subnet for predictive insights, staking TAO to access results, while miners earn rewards based on model performance.
Token PreviewBittensor TL;DR
TL;DR
- TAO drives value transfer as the native currency for transactions on Bittensor, enabling users to purchase blockspace, computational resources, and AI model requests, while serving as a work token by rewarding miners (41% of emissions) for providing computational power and model training, with staking and slashing ensuring honest participation.
- Consensus is powered by the Yuma Consensus algorithm, where TAO acts as a consensus token, distributing stake-weighted rewards to subnet miners and validators (41% of emissions) based on performance evaluations, reinforcing network integrity through aligned incentives and reduced influence for outliers.
- Governance operates via a two-tiered system, where the Triumvirate (three Opentensor Foundation employees) creates proposals, and the Senate (elected delegates with significant TAO stake) votes on them within a set timeframe, with TAO holders indirectly shaping decisions by electing Senate delegates.
Bittensor $TAO
Market Cap3,300,685,799
24h Volume88,075,675
Fully Diluted Valuation7,870,076,677
Total Supply21,000,000
Max Supply21,000,000
Circulating Supply8,807,335
24h High377.69
24h Low365.46
All-Time High$756.84 (07.03.2024)
All-Time Low$0.2 (03.03.2023)