Binance lists AI token, Bittensor (TAO), today. Bittensor is a Parachain on Polkadot network

Binance announced that it will list Bittensor (TAO) and open trading for these spot trading pairs on April 11, 2024 at 12:00 (UTC).

Bittensor is a Parachain on Polkadot network. Bittensor is a combination of machine learning and blockchain technology.

It is a decentralized network that facilitates the exchange and collaboration of machine learning models and services among participants.

Bittensor is a P2P machine learning protocol that incentivizes participants to train and operate machine learning models in a decentralized network.

The core idea behind Bittensor is to create a peer-to-peer market for machine intelligence, where AI models can share and grow their knowledge collectively, forming a digital hive mind. This not only accelerates the expansion of knowledge but also democratizes access to machine learning capabilities.

The Bittensor protocol introduces a token-based economy, where TAO tokens hold intrinsic value within the ecosystem, representing the collective intelligence and contributions of developers.

TAO token has a max supply of 21 million TAO and TAO token halving takes place every 4 years, just like Bitcoin.

TAO token is used to incentivize participants in the Bittensor network. Miners, who contribute their computational power to perform machine learning, are rewarded with TAO tokens.

Participant stake TAO token to participate in the network as a miner and earn rewards.

Token holders can propose changes and vote on protocol upgrades in the governance of the Bittensor network.

TAO token used for paying transaction fees on the Bittensor network when users transfer tokens or execute smart contractsThese fees are paid to validators and miners for processing transactions on the Bittensor blockchain.

Moreover, Bittensor's architecture is designed to be censorship-resistant, promoting an open and accessible environment for innovation.

By leveraging the Shapley Value consensus mechanism and a decentralized mixture of experts, Bittensor ensures fair compensation for contributors based on the informational value they provide.

This incentivizes the development of high-quality machine learning models and fosters a collaborative environment where knowledge is a commodity that can be traded and enhanced.

The potential applications of Bittensor are vast, ranging from enhancing predictive analytics to advancing research in various fields through collaborative model training.

Its open-source nature encourages a global community of developers to participate and contribute, further enriching the network's collective intelligence.

As the network grows, so does the library of knowledge it contains, making it an ever-expanding resource for machine learning practitioners and enthusiasts alike.

In essence, Bittensor is not just a platform; it's a vision for the future of decentralized machine learning. It challenges traditional paradigms by empowering individuals to contribute to and benefit from the collective advancement of AI, all within a secure and incentivized framework.

As we move forward, Bittensor may well become a cornerstone of the machine learning landscape, driving innovation and accessibility in ways previously unimagined.

Bittensor (TAO) currently ranks 31^st largest crypto by market cap. It has market cap of $4.0 billion. For more information visit https://bittensor.com/.