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Join date : 2022-10-27
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What is TAO? Empty What is TAO?

Thu Nov 17, 2022 5:37 pm
TAO or XTO is used by the Bittensor network as a form of cryptocurrency but there were a few gaps in my understanding of its usage of it so I summarized points from the podcast for people to understand it

• TAO is our incentive mechanism
• No Initial Coin Offerings were done
• Only 21 million TAO will ever exist
• No buy or sell exchanges of TAO
• AI company using crypto, not a crypto company using AI
• Methods of contribution: compute and a neural network

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