Cryptocurrency Q&A
What is bittensor Tao token?
What is bittensor Tao token?
SamuraiCourage
Thu Dec 12 2024
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6 answers
1479
I am trying to understand what bittensor Tao token is. I want to know its function, purpose, and how it fits into the overall bittensor ecosystem. Could someone please explain this to me?
6 answers
GangnamGlamour
Sat Dec 14 2024
The emission schedule of TAO tokens aligns with a halving model, which is also employed by Bitcoin. This means that the rate of new token creation will decrease over time.
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StarlitFantasy
Sat Dec 14 2024
Bittensor's TAO token follows a similar model to Bitcoin, with a total supply capped at 21 million tokens.
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CryptoChieftain
Sat Dec 14 2024
Currently, approximately 6.01 million TAO tokens are in circulation, indicating a substantial portion of the total supply is already available.
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Martino
Fri Dec 13 2024
The halving model helps to maintain scarcity and potentially increase the value of the tokens as they become more difficult to obtain.
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BenjaminMoore
Fri Dec 13 2024
Despite these similarities to Bitcoin, Bittensor has its own unique features that distinguish it from other cryptocurrencies.
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