Buy Bittensor.

Purchase TAO in a few taps. Buy with a credit, debit card or bank transfer.

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1 TAO328.42 USD *
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Bittensor (TAO) price performance.

The current Bittensor price is $328.42 as in the last 24 hours its value has changed by -0.53%. Bittensor ranks number 52 in terms of market capitalization. Bittensor is a cryptocurrency you can buy, sell, or exchange on the Nexo platform.

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What is Bittensor (TAO)?

Bittensor is a decentralized, blockchain-based machine learning network that incentivizes the development and sharing of AI models. Launched in 2021 by the Opentensor Foundation, Bittensor aims to create a global, open-source neural network where participants contribute computational resources and machine intelligence in exchange for rewards in its native cryptocurrency, TAO.

At the core of Bittensor's ecosystem is the TAO token, which serves multiple purposes: it acts as a reward mechanism for contributors, a means of staking to participate in network governance, and a utility token for accessing various services within the network. By leveraging blockchain technology, Bittensor ensures transparency, security, and decentralization in the training and deployment of AI models.

Key features of Bittensor include:

  • Subnets: Specialized mini-networks focusing on specific AI tasks, such as natural language processing, image recognition, and data analysis. Participants can join these subnets to contribute their expertise and resources.
  • Proof of Intelligence: A unique consensus mechanism where contributors are rewarded based on the quality and value of their AI models, rather than traditional mining or staking methods.
  • Dynamic TAO: An evolving tokenomic and governance model that adjusts incentives and network parameters to promote long-term sustainability and decentralization.

The total supply of TAO tokens is capped at 21,000,000, with a circulating supply currently around 9,597,491 and a total supply of 21,000,000. The current price of TAO stands at $328.42, contributing to a market capitalization of approximately $3,156,865,075. Bittensor reached its all-time high price of $757.60 on March 7, 2024.

Bittensor’s decentralized structure not only rewards contributors for building high-performing AI models but also enables new types of collaboration across industries. Researchers, developers, and organizations can tap into a global AI network without relying on centralized providers. As artificial intelligence becomes increasingly integrated into daily life, Bittensor’s open and permissionless approach offers an alternative path to innovation, data sovereignty, and equitable access to AI technology.

Why choose Nexo to buy Bittensor?

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Find answers to all your questions about Bittensor.

What is Bittensor (TAO)?

Bittensor is a decentralized machine learning network where developers and data providers contribute to a shared AI model. It aims to create a global, open-source intelligence layer by rewarding participants for useful outputs. TAO is the native token of the Bittensor network. It’s used to incentivize contributors, secure the network, and govern protocol decisions.

How does Bittensor work?

Bittensor uses a peer-to-peer architecture to train AI models collaboratively. Participants — referred to as miners — submit data or model outputs, which are scored and rewarded in TAO based on their value to the network. Validators assess the quality of submissions, and a built-in incentive mechanism encourages continued contribution to the learning process. The protocol uses a custom blockchain built with Substrate.

When was TAO coin launched?

The TAO token and the Bittensor network officially launched in November 2021, following initial development and private testing phases.

How to buy Bittensor (TAO)?

To buy TAO on Nexo:

  1. Log in to your Nexo account
  2. Visit the Bittensor page
  3. Choose your payment method
  4. Enter the amount and complete the purchase

You can buy TAO using crypto, card, or bank transfer, depending on what’s supported in your region.

Where to buy Bittensor (TAO)?

TAO is listed on select exchanges that support the Bittensor ecosystem. On Nexo, you can purchase TAO directly with multiple payment options in a streamlined, easy-to-use interface.

How to mine Bittensor (TAO)?

Mining TAO involves contributing to Bittensor’s AI network by submitting model outputs or data. This requires technical setup, hardware infrastructure, and registration as a miner or validator. Participants earn TAO rewards based on the relevance and accuracy of their contributions.

How to stake Bittensor (TAO)?

Staking in the Bittensor network typically involves delegating TAO to trusted validators. This helps secure the network and may allow token holders to earn a portion of validator rewards. Staking options vary by platform and wallet compatibility.

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