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Bittensor TAO

CRYPTO ASSET PROFILE

Bittensor TAO

CoinGecko market cap rank #43
CoinGecko data snapshot
Current price$196.22
24h change-1.70%
Market cap1.88B
24h volume40.12M
24h high$198.48
24h low$195.75

OVERVIEW

What is Bittensor (TAO)?

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective. TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs. Ultimately, BitTensors vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context. Bittensor enables: -A novel, optimized strategy for the development and distribution of artificial intelligence technology by leveraging the possibilities of a distributed ledger. Specifically, its facilitation of open access/ownership, decentralized governance, and the ability to harness globally-distributed resources of computing power and innovation within an incentivized framework. -An open-source repository of machine intelligence, accessible to anyone, anywhere, thus creating the conditions for open and permission-less innovation on a global internet scale. -Distribution of rewards and network ownership to users in direct proportion to the value they have added.

Artificial Intelligence (AI)Smart Contract PlatformLayer 1 (L1)DePINBittensor EcosystemPolychain Capital Portfolio

TOKENOMICS

Supply and valuation

Circulating supply9.597M
Total supply21M
Maximum supply21M
Fully diluted value4.121B

PRICE RANGE

Historical price range

All-time high$757.60Mar 7, 2024
All-time low$30.83May 14, 2023

OFFICIAL LINKS

Website, explorers and contracts

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Data source and usage

Market and project data is provided by the CoinGecko API, normalized and cached by MarketBit AI for research presentation. Prices may be delayed and are for information and education only, not investment advice.

Data provided by CoinGecko ↗