$TAO like $BTC on steroids!
Four digit numbers are just a matter of time, here's a breakdown of what you need to know
Bittensor is a decentralized platform that uses blockchain technology to support the creation and exchange of AI models.
He also rewards participants with TAO tokens for their contributions.
The main blockchain consists of subnets.
Subnets on Bittensor are decentralized marketplaces where AI models compete to perform tasks like text generation or image recognition, and TAO tokens are distributed based on performance.
Each subnet is an independent entity.
Anyone can create it, helping Bittensor grow and develop the AI sector.
Subnets can vary in size, code, and functionality.
Bittensor is very similar to Bitcoin:
➠ Operates based on Proof of Work (PoW)
➠ Maximum supply of 21 million tokens
➠ Reduce the halving cycle to every 4 years to reduce supply
Unlike Bitcoin, no energy is wasted.
In Bitcoin, miners compete to mine a block. Only the winner is rewarded, and the rest waste energy.
At Bittensor, all energy consumed is used to power the AI models.
Instead, the energy that would otherwise be used to mine blocks is directed towards training AI on the TAO network, making TAO much more energy efficient.
Bittensor's GitHub is very active, with thousands of uploads every day, indicating strong community engagement.
The number of developers contributing to the project remained stable, even during the price drop.
TAO tokens are in high demand, with an average daily volume of $300 million.
This is higher than $FET, $AKT, or $THETA .
On-chain data shows that TAO is outperforming its competitors and is also more decentralized.
I am 100% confident TAO will reach a four-digit valuation, and here's why:
1- It leverages AI narratives, which will continue to evolve over time. It addresses a critical need: decentralizing AI computing power.
2- Similar to Bitcoin. Bitcoin decentralizes the exchange rate, while TAO decentralizes AI resources.
TAO is only a year old, as was the invention of Bitcoin between 2009 and 2015.
We know the Bitcoin model works, so the Bittensor model will likely work too.
3- TAO was one of the best performers during the market downturn (from $30 to $730).
Imagine what can be achieved in a bull run.
With people talking about Bitcoin reaching $150K, when that happens, TAO will likely reach four digits.
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