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Wrapped TAO

Wrapped TAO

WTAO
$223.96Down 1.59 percent($3.63)

Key Stats

Market Cap$26.51MDown 1.59 percent
Volume (24h)$556.78K
Fully Diluted Value$26.51M
Vol/Mkt Cap (24h)2.10%
Total Supply118.35K WTAO
Max Supply∞
Circulating Supply118.35K WTAO
Launch Date2023-01-30
Built OnETH
Token StandardERC20
Smart Contract Address0x77E0…0A44
Decimal Places9

Wrapped TAO Information

Websites
taobridge.xyz
Industries
Wrapped Collateral
Parent Asset
TAO

Wrapped TAO Price Converter

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Latest Wrapped TAO News

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Wrapped TAO Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Wrapped TAOETH logo
WTAO-ETH
WTAO_ETH
bilaxy logobilaxy
-
0.1353ETH
0.00%

Wrapped TAO Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
wTAOERC20ETH0x77E06c9eCCf2E797fd462A92B6D7642EF85b0A442023-01-30

About Wrapped TAO

Wrapped TAO (WTAO) is an ERC-20 token that represents a 1:1 wrapped version of TAO, the native token of the Bittensor network. It enables TAO's integration into Ethereum-compatible DeFi platforms, expanding its utility and facilitating cross-chain interactions. WTAO maintains a verifiable claim to the original TAO asset, aligning with the concept of wrapped collateral.

Frequently Asked Questions

Wrapped TAO (WTAO) is an ERC-20 token on the Ethereum blockchain that represents a 1:1 wrapped version of TAO, the native token of the Bittensor network. Bittensor is a decentralized, blockchain-based machine learning network where models train collaboratively and are rewarded in TAO tokens according to the informational value they provide to the collective. WTAO facilitates the use of TAO within Ethereum-compatible decentralized applications (dApps) by enabling seamless integration into DeFi platforms. This aligns with the concept of wrapped collateral, as WTAO is fully collateralized and maintains a verifiable claim to the original TAO asset.

WTAO serves several purposes within the Bittensor ecosystem and the broader Ethereum DeFi space:

  • DeFi Integration: Allows TAO to be utilized in Ethereum-based DeFi applications, expanding its utility beyond the native Bittensor network.

  • Liquidity Provision: Facilitates participation in liquidity pools on platforms like Uniswap, where users can provide liquidity and earn rewards.

  • Staking and Governance: Enables users to stake tokens and participate in governance mechanisms within the Bittensor ecosystem.

  • Cross-Chain Transactions: Supports cross-chain interactions by enabling TAO to be used on Ethereum-compatible networks.

Wrapped TAO (WTAO) is developed by the Bittensor team, which includes individuals known as Dev Bear, Man Bera, Smokey The Bera, and Papa Bear. These founders have backgrounds in decentralized finance (DeFi) and have been involved in the space since around 2015. Bittensor itself is a high-performance blockchain ecosystem built on a unique consensus mechanism called Proof-of-Liquidity (PoL), designed to improve scalability, security, and decentralization.