Bittensor (TAO) is an AI-based cryptocurrency that is gaining strong attention in the crypto market. It connects artificial intelligence, machine learning, and blockchain technology in a decentralized way. In this article, we explain what TAO is, why people in India are interested in it, its token economics, and the risks you should know before investing.
Reasons to Buy TAO in India
Here are some key reasons why TAO is popular among Indian crypto investors:
- TAO has delivered over 500% growth in the past year, showing strong market performance.
- The project focuses on AI and Machine Learning, two of the most promising sectors in crypto and technology.
- Some market experts believe the TAO price could go above $600 by 2030.
- Interest in decentralized AI networks is growing worldwide, which may benefit TAO in the long term.
Important Things to Know Before Buying Bittensor (TAO)
Before investing, it is important to understand how the project works:
- Bittensor is inspired by the Bitcoin network structure.
- The total supply of TAO is limited to 21 million tokens, just like Bitcoin.
- TAO follows a halving system, where rewards reduce every few years.
- The network uses Proof of Stake (PoS), which is more energy-efficient than traditional mining.
- Bittensor was first developed as a Polkadot parachain called Finney
- In March 2023, it launched its own blockchain known as the Nakamoto chain.
TAO Token Economics
Understanding token supply is very important for investors:
- A new block is created every 12 seconds.
- Each block rewards 1 TAO token.
- Around 7,200 TAO tokens are released daily.
- These tokens are shared equally between miners and validators.
- The token reward is halved every 4 years.
- The final supply will never exceed 21,000,000 TAO tokens.
Future Potential of TAO and AI Cryptocurrencies
The fast growth of Bittensor (TAO) and other AI-based tokens shows the strong potential of combining artificial intelligence with blockchain.
As AI technology improves and more developers move toward decentralized AI platforms, TAO and similar projects may continue to see strong interest and adoption.
Risk Disclaimer
Cryptocurrency investments are highly risky and volatile. Prices can go up or down sharply in a short time.
In India:
- Crypto is not regulated by the RBI or SEBI.
- Profits from crypto trading are subject to 30% tax and 1% TDS as per Indian tax laws.
- There is no legal protection if an exchange fails or a project collapses.
This article is for educational purposes only and not financial advice. Always do your own research (DYOR) and consult a financial advisor before investing in cryptocurrencies.
