Bittensor proposes burning 10% supply to stabilize TAO following $8 million exploit

OpenTensor Foundation (OTF) has proposed burning 10% of the Bitttensor TAO TAO - $366.635 supply to stabilize the token's price in response to a recent exploit that led to the loss of $8 million worth of the tokens. The decentralized AI network has put forward a vote for users to decide on the burn.

Source: cryptoslate.com

Related symbols: TAOUSD

2024-07-03 22:43:01 GMT.

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Price & Market Data

Price: $366.635

Volume 24h: $171,939,744.14

Market Cap: $2,706,107,621.04

Description

Bittensor (TAO) is a cryptocurrency launched in 2021. Bittensor has a current supply of 7,380,936. The last known price of Bittensor is 368.71730536 USD and is up 14.84 over the last 24 hours. It is currently trading on 89 active market(s) with $172,617,199.18 traded over the last 24 hours. More information can be found at https://bittensor.com.