Key Points
- Binance announced the listing of Bittensor (TAO) and open trading for spot trading pairs at 12:00 (UTC) today.
- The spot trading pairs include the following: TAO/BTC, TAO/USDT, TAO/FDUSD, and TAO/TRY.
In an official announcement, Binance notes the upcoming listing of Bittensor (TAO) and open trading for the following spot trading pairs: TAO/BTC, TAO/USDT, TAO/FDUSD, and TAO/TRY.
The listing is scheduled for later today, at 12:00 (UTC), and so is the open trading for the spot trading pairs mentioned above.
Binance also announced that users can start depositing TAO ahead of trading. Also, withdrawals will open tomorrow, April 12, at 12:00 (UTC).
The exchange revealed that the Seed Tag will be applied to TAO. Last year, Binance introduced the Seed Tag, which replaced the Innovation Zone and is applied to all the tokens that represent innovative projects and could exhibit higher volatility and risks compared to other listed tokens.
In order to gain trading access to the tokens that are marked with the Seed Tag, users will have to pass the corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms. These are set up to ensure users are aware of the risks before trading tokens with Seed tags.
#Binance will list @opentensor $TAO with Seed Tag applied.
➡️ https://t.co/RNhGylxsUY pic.twitter.com/2KPLogTtuB
— Binance (@binance) April 11, 2024
What is Bittensor (TAO)
Bittensor is a P2P machine learning protocol that incentivizes participants to train and operate machine learning models in a distributed manner.
Bittensor says on the official website that it’s revolutionizing the development of machine learning platforms by decentralizing the process and creating a peer-to-peer market for machine intelligence.
It reportedly enables the collective intelligence of AI models to come together, forming a digital hive mind.
TAO is a relatively new token that has a higher-than-normal risk, and this means that it’s subject to high price volatility. Binance asks users to exercise sufficient risk management, do their own research regarding TAO fundamentals, and fully understand the project before opting to trade the token.
Binance has been in the spotlight a lot recently following the listing of Saga (SAGA).
