What is TAO?

TAO is one of our AI picks we’ve been calling for years.

Recently, TAO flipped ICP to become the second-largest AI coin in crypto. The project, also known as Bittensor, is a decentralised blockchain network aimed at creating a global marketplace for AI and machine learning models. The white paper says it strives to democratise AI development, move away from corporate AI monopolies, and promote open collaboration. The platform itself enables peer-to-peer training, sharing, and trading of AI models.

The TAO token powers the Bittensor network and is used for rewards, staking, governance, fees, and access to services. Miners earn TAO for their efforts, while token holders can govern the network and delegate their tokens for additional rewards.

Bittensor's overall vision is to transform machine learning models into tradable assets. It has a fixed supply of 21 million TAO tokens, and its emission model is similar to BTC.

Right now, TAO has a $3.5B market cap. As the Bittensor network develops and the decentralised AI training progresses, investors will continue to be drawn to Bittensor, which has solidified its position as a key player in decentralised AI.

According to popular crypto influencers such as ElonMoney, TAO could quickly skyrocket to a $10B market cap this cycle, which would put it at 3X from now and have it as the leading AI coin in the market.

The real winners were the ones that got into TAO sub $1B, like our members, if you want to make sure you’re in at the ground floor on the next TAO, sign up to CB trading academy today.