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Bittensor Price
Bittensor price

Bittensor Price(TAO)

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TAO
1 TAO =
USD $287.63
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Last updated 2024/07/15 11:56 (UTC)
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$ 287.63
+7.67%
1D
Page last updated: 2024-07-15 11:56 (UTC+0)
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Note: This information is for reference only.

Price of TAO today

The live price of Bittensor is $ 287.63 per (TAO / USD) with a current market cap of $ 2.04B USD. 24-hour trading volume is $ 45.42M USD. TAO to USD price is updated in real-time. Bittensor is +7.67% in the last 24 hours with a circulating supply of 7.08M.
TAO Price History USD
Date ComparisonAmount Change% Change
Today$ 20.49+7.67%
30 Days$ -18.30-5.98%
60 Days$ -115.10-28.58%
90 Days$ -193.11-40.17%

TAO Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 261.26
High: $ 290.36
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 767.68
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.47%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+7.67%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+19.43%
The percent change in trading volume for this asset compared to 7 days ago.

TAO Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#44
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 2.04B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 45.42M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
7.08M
33.70%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
21.00M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 6.04B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Bittensor (TAO)

Bittensor is an decentralized protocol specifically designed for machine learning (ML) and artificial intelligence (AI). It provides a unique marketplace for users and providers of ML algorithms, leveraging a decentralized network to facilitate the exchange of these resources. It's not just a marketplace for ML models but a platform for training these models in a censorship-resistant environment, challenging the resource-intensive monopoly of tech giants.

The essence of Bittensor lies in its unique architecture: a combination of specialized subnets for AI tasks, a blockchain for decentralized operations, and an API for seamless integration. This structure is reportedly pivotal in transforming Bittensor into the go-to network for AI services, serving both individuals and corporations with its native token, TAO, as the transactional medium. As the network matures, it aims to catalyze the growth of AI, making sophisticated ML models accessible to a wider audience.

The live price of TAO is available and updated in real time on Binance.

People Also Ask: Other Questions About Bittensor

  1. What is Bittensor Used For?

    Bittensor's primary use cases include various domains such as text prompting, machine translation, and image generation, and data scraping among others. It serves as a decentralized platform for diverse machine learning applications.

  2. How Do Network Consensus and Validation Work On Bittensor?

    Bittensor's Proof of Intelligence (PoI) consensus identifies the most accurate machine learning model for specific requests, rewarding miners who contribute these high-quality models for transaction block validation. This process requires substantial processing power, mirroring Proof of Work's competitive nature but diverging in function. Successful PoI miners then validate blocks in a Proof of Stake-like phase, where they stake TAO tokens, with TAO holders having the option to delegate their stakes for rewards.

  3. Who Is The Founder Of Bittensor?

    Bittensor was developed by OpenTensor originally as a Polkadot parachain named Finney, but pivoted in March 2023, inaugurating its own blockchain, Nakamoto. This strategic move, inspired by the Bitcoin network, aimed to reduce its dependence on the Polkadot ecosystem and to to foster greater independence with its own blockchain, tailored for ML computations.

  4. What is the Maximum and Circulating Token Supply of Bittensor?

    Bittensor’s TAO token mirrors Bitcoin's model with a cap of 21 million tokens and with around 6.01 million currently in circulation. Its circulating supply and emission schedule align with a halving model similar to Bitcoin’s.

  5. What Makes Bittensor Different From Others?

    Diverging from typical centralized models, Bittensor seeks to fosters a collaborative, composable and open development environment for AI, allowing models to benefit from shared learning. Its unique structure, encompassing specialized subnets and an incentive-based mechanism, sets it apart from conventional blockchain and AI models.

TAO to Local Currency

FiatPriceOperation
1 TAO to USD$ 287.63
1 TAO to TRY$ 287.63
1 TAO to RUB$ 287.63
1 TAO to EUR$ 287.63
1 TAO to AED$ 287.63
1 TAO to AUD$ 287.63
1 TAO to BRL$ 287.63
1 TAO to VND$ 287.63
1 TAO to IDR$ 287.63
Last updated 2024/07/15 11:56 (UTC)

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