Tao Token (TAO) is the native token of Bittensor, a decentralized machine learning network that utilizes blockchain technology to create a decentralized 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. The vision of Bittensor 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.

TAO has a total supply of 21 million tokens, which is the same as the total supply of Bitcoin. This fixed total supply is designed to limit inflation and maintain the scarcity and value of the token over time. The distribution of TAO tokens is gradually released over time through mining rewards, staking rewards, and community-driven initiatives. The tokens are used for governance, staking, and as a means of payment for accessing AI services and applications built on the Bittensor TAO network.

TAO can be stored and managed in compatible wallets that support the Polkadot ecosystem, such as the Polkadot JS Wallet. This wallet is popular due to its user-friendly interface and range of features. Once the TAO token has been added to the wallet, users can then send and receive TAO tokens, view their transaction history, and manage other aspects of their TAO holdings directly from their wallet.

TAO is currently ranked #32 on CoinGecko with a market capitalization of $4,131,565,425. The all-time high for TAO was $757.60, recorded on Mar 07, 2024, while the all-time low was $30.83, recorded on May 14, 2023. The current price of TAO is -24.70% lower than the all-time high price.

In summary, Tao Token (TAO) is the native token of Bittensor, a decentralized machine learning network that enables machine learning models to train collaboratively and be rewarded in TAO according to the