Bittensor - Potential Play of the Century
Updated
A very positive trend is forming for TAO.
It could still retest $301 if all goes wrong, but this is a wonderful time to accumulate even more before the pump commences.
Consider buying before it goes ballistic.
Fundamental Analysis:
||AI Prompt asking ChainGPT several questions about the project.||
Bittensor (TAO) is a cryptocurrency that was launched in 2021. It operates on its own blockchain and has a current supply of 6,897,714 tokens. The token has a maximum supply of 21,000,000 tokens.
In terms of price, Bittensor has experienced a positive trend recently. Over the last 24 hours, the price of TAO has increased by 2.66%. It is currently trading on 65 active markets with a total trading volume of $43,645,031.99. (2024.06.07)
Bittensor aims to provide a decentralized AI network that enables developers to build and deploy AI models. The project focuses on creating an ecosystem where AI models can be trained and utilized in a decentralized manner.
The team behind Bittensor is dedicated to developing cutting-edge technology and has a strong focus on research and development. The project has gained attention in the crypto community, with positive sentiment surrounding its potential.
In terms of its launch, Bittensor was introduced to the market in 2021. It operates on its own blockchain, which is built using the Substrate framework. Substrate is a modular framework developed by Parity Technologies, and it allows developers to create purpose-built blockchains. Bittensor's blockchain is designed to facilitate a decentralized machine learning protocol, where machine learning models owned by different individuals around the world can work together to process information and provide intelligent responses.
The launch of Bittensor's blockchain and the subsequent adoption of its network have provided opportunities for decentralized AI development and services. By leveraging token-based incentives and a decentralized marketplace, Bittensor aims to create a sustainable and participatory ecosystem for machine learning models.
Sure! Bittensor is like a special language that helps computers talk to each other and do really smart things. It's part of something called blockchain technology, which is like a big digital book that keeps track of all the important information.
Now, imagine you have a bunch of computers all over the world. These computers can do really cool things like understand and analyze human language, recognize images, and even make predictions. But sometimes, these computers need to work together to solve really complex problems.
That's where Bittensor comes in. It helps these computers communicate with each other and share their knowledge. It's like a secret code that allows them to understand each other and work together. This way, they can combine their brainpower and solve problems faster and better than they could on their own.
But why is this important? Well, by using Bittensor, we can create powerful artificial intelligence (AI) systems that can help us in many ways. For example, they can help doctors diagnose diseases, predict the weather, or even create new inventions.
And the best part is that Bittensor is decentralized, which means that no single person or company controls it. It's like a big team of computers working together for the benefit of everyone.
So, in simple terms, Bittensor is a special language that helps computers talk to each other and work together to solve really smart problems. It's like a superpower for computers that makes them even smarter and more useful.
||MAIN TAKAWAYS from Pitchbook.com||
Who is the founder of Bittensor?
Jacob Steeves and Ala Shaabana Ph.D are the founders of Bittensor.
Who is the CEO of Bittensor?
Jacob Steeves is the CEO of Bittensor.
Where is Bittensor headquartered?
Bittensor is headquartered in Toronto, Canada.
What is the size of Bittensor?
Bittensor has 32 total employees.
What industry is Bittensor in?
Bittensor’s primary industry is Media and Information Services (B2B).
Is Bittensor a private or public company?
Bittensor is a Private company.
What is Bittensor’s current revenue?
The current revenue for Bittensor is unknown.
Who are Bittensor’s investors?
Collab+Currency, Gravity Fund, NGC Ventures, OSS Capital, and Creative Destruction Lab are 5 of 9 investors who have invested in Bittensor.
Who are Bittensor’s competitors?
OpenAI is a competitor of Bittensor.
Conclusion:
We are dealing with the biggest technological shift of our time. I really don't know what else is more crucial than a technology that is so disruptive even governments now want to put regulation in place to stop its proliferation. A new nuclear weapon is here, and my money is on unstoppable AI, Bittensor! Let's go!
It could still retest $301 if all goes wrong, but this is a wonderful time to accumulate even more before the pump commences.
Consider buying before it goes ballistic.
Fundamental Analysis:
||AI Prompt asking ChainGPT several questions about the project.||
Bittensor (TAO) is a cryptocurrency that was launched in 2021. It operates on its own blockchain and has a current supply of 6,897,714 tokens. The token has a maximum supply of 21,000,000 tokens.
In terms of price, Bittensor has experienced a positive trend recently. Over the last 24 hours, the price of TAO has increased by 2.66%. It is currently trading on 65 active markets with a total trading volume of $43,645,031.99. (2024.06.07)
Bittensor aims to provide a decentralized AI network that enables developers to build and deploy AI models. The project focuses on creating an ecosystem where AI models can be trained and utilized in a decentralized manner.
The team behind Bittensor is dedicated to developing cutting-edge technology and has a strong focus on research and development. The project has gained attention in the crypto community, with positive sentiment surrounding its potential.
In terms of its launch, Bittensor was introduced to the market in 2021. It operates on its own blockchain, which is built using the Substrate framework. Substrate is a modular framework developed by Parity Technologies, and it allows developers to create purpose-built blockchains. Bittensor's blockchain is designed to facilitate a decentralized machine learning protocol, where machine learning models owned by different individuals around the world can work together to process information and provide intelligent responses.
The launch of Bittensor's blockchain and the subsequent adoption of its network have provided opportunities for decentralized AI development and services. By leveraging token-based incentives and a decentralized marketplace, Bittensor aims to create a sustainable and participatory ecosystem for machine learning models.
Sure! Bittensor is like a special language that helps computers talk to each other and do really smart things. It's part of something called blockchain technology, which is like a big digital book that keeps track of all the important information.
Now, imagine you have a bunch of computers all over the world. These computers can do really cool things like understand and analyze human language, recognize images, and even make predictions. But sometimes, these computers need to work together to solve really complex problems.
That's where Bittensor comes in. It helps these computers communicate with each other and share their knowledge. It's like a secret code that allows them to understand each other and work together. This way, they can combine their brainpower and solve problems faster and better than they could on their own.
But why is this important? Well, by using Bittensor, we can create powerful artificial intelligence (AI) systems that can help us in many ways. For example, they can help doctors diagnose diseases, predict the weather, or even create new inventions.
And the best part is that Bittensor is decentralized, which means that no single person or company controls it. It's like a big team of computers working together for the benefit of everyone.
So, in simple terms, Bittensor is a special language that helps computers talk to each other and work together to solve really smart problems. It's like a superpower for computers that makes them even smarter and more useful.
||MAIN TAKAWAYS from Pitchbook.com||
Who is the founder of Bittensor?
Jacob Steeves and Ala Shaabana Ph.D are the founders of Bittensor.
Who is the CEO of Bittensor?
Jacob Steeves is the CEO of Bittensor.
Where is Bittensor headquartered?
Bittensor is headquartered in Toronto, Canada.
What is the size of Bittensor?
Bittensor has 32 total employees.
What industry is Bittensor in?
Bittensor’s primary industry is Media and Information Services (B2B).
Is Bittensor a private or public company?
Bittensor is a Private company.
What is Bittensor’s current revenue?
The current revenue for Bittensor is unknown.
Who are Bittensor’s investors?
Collab+Currency, Gravity Fund, NGC Ventures, OSS Capital, and Creative Destruction Lab are 5 of 9 investors who have invested in Bittensor.
Who are Bittensor’s competitors?
OpenAI is a competitor of Bittensor.
Conclusion:
We are dealing with the biggest technological shift of our time. I really don't know what else is more crucial than a technology that is so disruptive even governments now want to put regulation in place to stop its proliferation. A new nuclear weapon is here, and my money is on unstoppable AI, Bittensor! Let's go!
Trade active
Starting another trade on this level is not a bad idea. I will keep more capital on the side in case it dips heavier.Note
Price is still following the chart, it could dip a bit more tho
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