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tao.bot (TAOBOT): Bridging Ethereum Liquidity to the Bittensor Ecosystem
tao.bot is a pioneering DeFi project designed to unlock the vast potential of the Bittensor network for the Ethereum community. With the advent of Bittensor's Dynamic TAO (dTAO) upgrade, tao.bot aims to be the primary gateway for seamless interaction and investment in this innovative ecosystem.
What is the tao.bot Protocol (TAOBOT)?
The tao.bot protocol is building the first decentralized exchange (DEX) and comprehensive information hub specifically for Bittensor's dTAO subnet tokens. It functions as a bridge, allowing users to effortlessly swap any ERC20 token, such as ETH or USDT, directly for a subnet's dynamic token on Bittensor. This removes the technical complexities of interacting with the Bittensor blockchain and its command-line interface (BTCLI), opening up the network to a wider audience. The TAOBOT token is the native utility and governance token of the tao.bot protocol.
Tokenomics and Circulation
The TAOBOT token launched on March 6th, 2024, with a fixed total supply of 100,000,000 tokens. As of today, the circulating supply is 73,333,333 TAOBOT. The initial distribution is as follows:
- 65% locked for the liquidity pool.
- 20% community reserve, locked for 6 months with 3.33M unlocked monthly.
- 10% team allocation, vested for 1 year.
- 5% allocated for marketing initiatives.
What Makes tao.bot Unique?
Tao.bot stands out as the first project to directly address the liquidity and accessibility challenges of the burgeoning Bittensor ecosystem. Its uniqueness stems from:
1. Seamless Bridging: It provides a user-friendly interface for swapping Ethereum-based assets directly into Bittensor's subnet tokens, eliminating the need for users to navigate the complexities of the Bittensor blockchain.
2. dTAO Focused DEX: It will be the go-to platform for trading and managing subnet tokens, similar to Uniswap's role in the Ethereum ecosystem.
3. Information Hub: tao.bot offers a comprehensive "Explore" section with dedicated pages for each Bittensor subnet. Subnet owners can customize these pages, providing detailed information about their projects and attracting investment from the Ethereum community.
4. Community Education: Through active social media engagement and partnerships with subnets, tao.bot is educating the broader crypto space about Bittensor's potential, fostering adoption and growth.
By lowering the barrier to entry and providing essential tools for exploration and investment, tao.bot is poised to become a crucial catalyst for the expansion and success of the Bittensor network, ultimately helping realize the vision of a truly decentralized and dynamic AI economy.
The live tao.bot price today is $0.517822 USD with a 24-hour trading volume of $726,728 USD. We update our TAOBOT to USD price in real-time. tao.bot is down 5.91% in the last 24 hours. The current CoinMarketCap ranking is #3336, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 TAOBOT coins.