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TAO MEXC exchange launches Bittensor TAO token pledge service
Cryptocurrency exchange MEXC has officially launched a pledge service for Bittensor network native token TAO. Users can gain benefits by participating in ensuring the security of this largest decentralized artificial intelligence network.
Bittensor verifier Yuma announced on Tuesday that MEXC has integrated its verifier infrastructure to provide TAO pledge support to the exchange's approximately 40 million users. Yuma participates in Bittensor's consensus mechanism by evaluating the performance of network subnets (dedicated ai applications that perform specific machine learning tasks) and assigning weights to determine how pledge rewards are allocated.
Both parties stated that the integration aims to expand access to the Bittensor ecosystem and increase network participation.
Bittensor is a decentralized network that coordinates the development of ai models and services through subnets. These subnets compete for token rewards based on their performance and value to the network. TAO holders can pledge tokens to the verifier, who allocates the pledge amount to each subnet and earns income based on the allocation.
Currently, the Bittensor ecosystem includes 128 subnets, focusing on tasks such as ai reasoning, model training, coding assistants and financial modeling. With the increased attention to the decentralized ai field, the ecosystem continues to expand. Proponents believe that with proprietary aiCompared with models, open networks such as Bittensor are less likely to be restricted by governments or enterprises. This view sparked heated debate again after the U.S. Department of Commerce restricted public access to certain Anthropic models on grounds of national security and export control.
As of writing, TAO was trading at approximately US$199 and had a market value of approximately US$1.916 billion (Data source: CoinMarketCap).
