Bittensor Price (TAO)

Bittensor is all about making decentralized machine learning happen! It’s used for stuff like text prompting, machine translation, image generation, and even data scraping. Basically, it’s a platform that helps machine learning apps run in a decentralized way, opening up a whole new world of possibilities for AI. Cool, right?

Bittensor uses Proof of Intelligence (PoI) as its consensus model. Basically, it’s all about finding the sharpest, most accurate machine learning models to handle specific tasks. Miners are rewarded for providing these top-tier models and validating transaction blocks. Think of it like Proof of Work with a twist — the process is based on the quality of models, not raw computing power. Once a miner delivers a solid model, they enter a phase similar to Proof of Stake, where they lock in their TAO tokens to validate blocks. And for the TAO holders? They can even delegate their tokens to earn rewards. Pretty smart, huh?

Bittensor was created by OpenTensor — a team that first kicked things off with a Polkadot parachain called Finney. But in March 2023, they decided to go full send and launched their own blockchain, Nakamoto. Why? To break free from the Polkadot ecosystem and build a blockchain that’s custom-fit for ML computations. Basically, they wanted to level up their game with more independence, like Bitcoin did.

Bittensor’s TAO token is following Bitcoin’s footsteps with a cap of 21 million tokens. As of now, about 6.01 million TAO tokens are in circulation. And yeah, like Bitcoin, it has a halving model, meaning the emission schedule is set to shrink over time, making the token even more scarce as it goes.

Bittensor flips the script on the usual centralized setups. Instead of keeping AI development all locked up, it creates a collaborative, composable, and open environment where AI models can learn and grow together. What really sets it apart is its specialized subnets and incentive-based mechanism, making it a next-level fusion of blockchain and AI. It’s a totally fresh approach that gives AI a new edge by promoting shared learning, instead of the usual siloed model.

You can easily grab some TAO straight from EXMON using your debit or credit card. If you're into trading, TAO is also available for swap with other cryptos on the EXMON exchange. Plus, you can track the live TAO price in real time on EXMON. For more details and a step-by-step guide, check out the How to Buy Bittensor (TAO) guide.

If you're curious about where TAO might head price-wise, check out the TAO Price Prediction page. Just keep in mind that the predictions are based on user input, not the official stance of EXMON. It's a great way to get an idea, but remember, crypto prices can be a wild ride!