/biz/ - Business & Finance

If I am wrong, no big deal. It's just $250 bucks and most of you have spent more then that on memecoins. It was only $30 the first time I ever posted about it. It was just $50 the first time I posted this thread, and I see it since became a sort of copy-pasta. Thanks, anon.

"We propose a market where intelligence is priced by other intelligence systems peer-to peer across the internet. Peers rank each other by training neural networks which learn the value of their neighbors." -Bittensor whitepaper

1. TAO serves as both a reward for contributions and the 'key' for access to the Bittensor network.
2. No pre-mine, no team allocations, no VC seed round.
3. Stake TAO to network validators to currently receive 17.23% APY (potentially more depending on validator).
4. No fees to stake, no fees to un-stake, and no lock up duration.
5. Same supply as Bitcoin and follows a similar halving schedule. First halving in 2025.
6. Network has been operational for 757 days. 5,746,594τ has been mined and 5,132,519τ (89.31% up from 84.28%) is currently staked (30/11/2023).

There are 3 types of nodes in the Bittensor network; Miners, Validators, and Hybrids. Miners (also known as "servers") provide LLMs, and other digital commodities (sub-nets), to be ranked by their peers and the validators provide tasks to the servers and then reward them according to their performance. Servers can join the network by spending TAO. Spent TAO is recycled back into the mining mechanism, prolonging the halving.

Will you listen this time? I'm about to be blocked...

Bittensor.