After a sudden listing on Binance, an altcoin focused on digital products and artificial intelligence (AI), is experiencing volatility.
Top global cryptocurrency exchange announces it is officially the top crypto exchange rolled out trading services Bittensor is a (TAO).
Following Bitcoin’s massive drop to just $65,771, the announcement led to an asset surge of up to 9% to a maximum price of $627.52. However, by Thursday the asset had dropped to only $548.20.
Bittensor, a blockchain decentralized platform focusing on AI and machine learning, is an open-source project. The open-source project is a blockchain platform that focuses on machine learning and AI.source The project allows users to create digital goods in different subnets.
Explains Documentation of the project
These digital commodities include machine intelligence, computing power, storage space and protein folding. financial Markets prediction and much more. You are rewarded in TAO when you produce best digital commodities…
The subnets exist off the chain and are linked to it. They are off-chain contests in which only the most successful producers receive rewards. “A subnet is made up of off-chain validators that initiate competitions for specific digital commodities, and miners on the subnet who respond with the best-quality digital commodity.”
TAO is still more than 17 % below its record high price of $757.60 set early in March.
TAO tokens will receive a “seed tag” from Binance. The exchange uses this to identify projects with less liquidity and higher volatility than those listed on the platform. Users who want to use Binance must be registered. own Assets with seed tags will be required to take quizzes at least every 90-days to make sure that the purchaser is aware of all the risks involved before they can trade the tokens.
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