Toronto, Canada, March 03, 2023 – (SEAPRWire) –MEXC will list Bittensor (TAO) in the Innovation Zone and open trading for the TAO/USDT trading pair. The specific timeline is shown below:
- Deposits & Withdrawals: Opened
- TAO/USDT Trading: 2023-03-03 14:00 (UTC)
MEXC TAO deposit Link:
MEXC TAO/USDT Trading Pair Link:
Bittensor is a revolutionary decentralized Neural Network built on the blockchain to incentivize machine learning models and validators, forming a market for machine intelligence. The network provides a unique platform where validators rank machine-learning models and selects the best ones for mining. Validators can query multiple machine learning models to rank them, allowing only the best-performing models to remain. Bittensor ensures that each validator plays its part in determining which data miners produce, which verifies that the most valuable data is rewarded. Through this process, the Machine-Learning model’s training on Bittensor must compete for incentives to remain on its constantly evolving network.
With the number of Machine Learning Models training the network limited to create a competitive environment, the incentives mechanism ensures a fair and transparent distribution of rewards with a 50/50 model. In this model, block rewards are distributed proportionally between Validators and Models training. Validators are incentivized to reach a consensus and rank models according to their contributions, which ensures a fair and transparent reward mechanism.
The Bittensor Neural network creates a decentralized marketplace for machine intelligence on the blockchain and TAO is the fuel that powers it. Thanks to its innovative mechanism of incentivizing intelligence with Machine Learning models and Validators, Bittensor ensures that the most valuable data is rewarded and distributed on every block.
Bittensor’s tokenomics and emissions schedule mimics that of Bitcoin with an identical halving cycle and a total supply of 21,000,000 TAO tokens. Just like BTC, TAO had no pre-mined tokens; no team/seed/private round tokens; and there’s no equity involved. Thanks to this Token structure TAO should be classified as a commodity, not a security, just like Bitcoin.
As the Neural Network grows and evolves through machine learning models becoming more advanced to stay competitive, Validators will capitalize on the network by creating dApps(products) on top of Bittensor. These dApps will allow people and businesses to utilize Bittensor’s decentralized neural network anywhere in the world, pushing the accessibility of artificial intelligence to everyone.
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, the 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 (TAO) links:
Block Explorer: https://explorer.nakamoto.opentensor.ai/#/explorer
Cryptocurrency investment is subject to high market risk and price fluctuations. Please make your investments cautiously.
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