What is Bittensor (TAO)?
Bittensor is an open-source protocol that powers a decentralized machine-learning network on the blockchain. The platform facilitates open access/ownership, decentralized governance, and incentivized collaboration, providing a novel and optimized strategy for the development and distribution of AI technology.
Bittensor offers an open-source repository of machine intelligence, accessible to anyone, anywhere, to create a pure market for AI that fosters trustless, open, and transparent collaboration between consumers and producers. With Bittensor, users can harness globally-distributed resources of computing power and innovation within an incentivized framework.
In 2021, Bittensor conducted a fair launch for its token, TAO.
How Bittensor (TAO) Works
Bittensor's working mechanism revolves around its two types of nodes - Servers and Validators. The network, Nakamoto, prompts Servers for information, which is then assessed by Validators based on the value of their responses. These assessments are relayed to the Subtensor blockchain, where TAO tokens are distributed proportionally.
Bittensor operates on a consensus mechanism where the most valuable nodes are rewarded with the most stake (TAO) while low-value nodes are weakened and eventually de-registered. This ensures that the network remains secure and efficient, while the most valuable contributors are incentivized to continue adding value to the network.
How Many Bittensor (TAO) Tokens Are in Circulation?
TAO, the main token of the Bittensor, is available on various exchanges. It has a total supply of 21,000,000, among which 4,123,120 are in circulation.
How to Buy Bittensor (TAO)
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Bittensor (TAO) Resources
Simple 3-step guide to buying TAO today in Micronesia
Create your free Bitget account
Select a funding method
Complete your Bittensor purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Bittensor using a payment method of your choice:
Buy Bittensor with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Bittensor order.
How to buy crypto with credit/debit cardBuy Bittensor with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Bittensor is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Bittensor order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Bittensor order.Buy Bittensor with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Bittensor order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Bittensor in your Bitget spot wallet
Bitget—where the world trades Bittensor
How to buy Bittensor for free
- Learn how to earn Bittensor for free through the Learn2Earn promotion
- Earn free Bittensor by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Bittensor airdrops by joining On-going challenges and promotions
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FAQ
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