Bittensor (TAO)

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Bittensor (TAO)

What is Bittensor?

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.

Key Facts & Snapshot

Symbol: TAO
CoinGecko id: bittensor
Market cap rank (CoinGecko): #37
Categories: Artificial Intelligence (AI), Smart Contract Platform, Layer 1 (L1), DePIN, Bittensor Ecosystem, Polychain Capital Portfolio
Circulating supply (snapshot): 9,597,491
Total supply (snapshot): 21,000,000
Max supply (snapshot): 21,000,000
All-time high (USD, CoinGecko): $757.60 (Mar 7, 2024)
All-time low (USD, CoinGecko): $30.83 (May 14, 2023)

Market (USD snapshot)

Market cap (USD, snapshot): $2.55B
24h volume (USD, snapshot): $369.04M
Fully diluted valuation (USD, snapshot): $5.58B
24h price change (snapshot): +3.44%

Community & code (CoinGecko)

Telegram members (CoinGecko): 8,705
GitHub stars (main repo, CoinGecko): 1,423
GitHub forks (main repo, CoinGecko): 453
GitHub commits (last ~4 weeks, CoinGecko): 24

Official & Community Links

Learn More

Frequently Asked Questions

What is Bittensor (TAO)?

Bittensor is a Layer 1 blockchain platform focused on decentralized artificial intelligence. It operates as a smart contract platform within the AI and DePIN (Decentralized Physical Infrastructure Network) categories, creating an ecosystem for distributed machine learning.

How many TAO coins will ever exist?

Bittensor has a maximum supply of 21,000,000 TAO tokens, similar to Bitcoin’s supply cap. Currently, approximately 9.6 million TAO are in circulation, representing about 46% of the total maximum supply.

What is the all-time high price for TAO?

TAO reached its all-time high of $757.60 on March 7, 2024. This represents a significant increase from its all-time low of $30.83 recorded in May 2023.

How risky is investing in Bittensor given its price volatility?

Bittensor has demonstrated extreme price volatility, with swings from $30.83 to $757.60 within less than a year. As a relatively low-circulating-supply AI token (under 10 million coins), TAO faces substantial price fluctuation risks typical of emerging Layer 1 projects, and its value can change dramatically based on AI market sentiment and adoption.

Is Bittensor ranked high among cryptocurrencies by market cap?

Yes, Bittensor currently holds the #37 position by market capitalization with approximately $2.55 billion in market cap. This places it among the top 40 cryptocurrencies globally despite being a specialized AI-focused blockchain.