TaoPadPrice

(TPAD)

TaoPad (TPAD) is a cryptocurrency protocol designed to integrate with the BitTensor network's native token, $TAO. Its core function is to establish a rewards mechanism for its token holders by leveraging a collection of miners and validator nodes. These nodes distribute $wTAO (Wrapped TAO) tokens as rewards to TPAD holders. This approach aims to foster a mutually beneficial relationship between TaoPad and the $TAO ecosystem, supporting the advancement of decentralized AI and blockchain technology. TaoPad enables its users to gain the benefits of mined $TAO without the need to directly engage in the management of BitTensor network mining and validator equipment. The $TPAD token has a limited total supply of one million tokens. A 5% tax is applied to all buy and sell transactions involving $TPAD, which is collected in $ETH. This tax revenue is utilized to fund the ecosystem's miners and validators, acquire additional infrastructure, cover operational costs, marketing efforts, and facilitate listings on centralized exchanges. Users can interact with the TaoPad system to initiate the distribution of previously collected $wTAO to $TPAD holders and claim their accumulated $wTAO rewards. The project was established and is managed by an anonymous team with expertise in smart contracts, artificial intelligence, and front-end development. TaoPad operates as an Ethereum-based project, serving as a bridge to the Bittensor network from the Ethereum blockchain. Its mission includes expanding the Tao ecosystem to other networks, enhancing the value of the Tao token through DeFi mechanisms, and launching a native launchpad for projects focused on the Tao ecosystem. The project envisions creating a sustainable and profitable ecosystem that connects cryptocurrency investments with the growing field of decentralized AI. Furthermore, TaoPad aims to grant users governance rights and access to exclusive investment opportunities within its ecosystem, thereby streamlining the investment process and increasing transparency in the crypto space. The TPAD token also functions as a utility token for governance, payments, staking for rewards, and potentially for use with NFTs. Learn more

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