TAO continues to reach new highs, which early ecosystem projects on Bittensor are worth paying attention to?

Written by: Deep Tide TechFlow

Recently, the AI sector has surged, with Bittensor ($Tao) as the leading token in the AI space, reaching a market capitalization of $3.8 billion, and the token price has continuously broken new highs.

At the same time, the rapid rise of TAO also indicates a slowdown in growth, but the ecological projects developing around Bittensor are emerging in their early stages.

If you missed TAO but still have confidence in the AI sector and Bittensor, then paying early attention to the early projects within its ecosystem is clearly a choice with higher odds.

Therefore, this article provides an overview of the early projects in the Bittensor ecosystem, aiming to find new Alpha opportunities.

AIT Protocol ($AIT): Allowing users to earn money through training data

AIT Protocol is an artificial intelligence data infrastructure that provides Web3 AI solutions.

The AIT decentralized marketplace offers a unique and extensive opportunity for millions of cryptocurrency users, with a business model that is very easy to understand:

It allows them to participate in "Train to Earn" tasks, enabling them to earn rewards while actively contributing data for the development of AI models.

$AIT is the native and governance token of the AIT Protocol ecosystem, serving as the platform currency for paying subscription fees for the Marketplace, data processing, AI leasing, and Launchpad.

Official Twitter: https://twitter.com/AITProtocol

Project Website: https://ait.tech/

Token Performance

As of the time of writing, the price of $AIT is $0.82, with a current market capitalization of $40.57 million. Price changes over different time periods are:

7 days: +127%

1 month: +370%

1 year: +588%

From the perspective of market capitalization and price, AIT seems to show signs of value discovery, especially with a significant increase in the last month.

Latest Project Developments

• On January 15, AIT Protocol launched the mainnet for its data labeling platform.

• On February 14, AIT Protocol released the first internal testnet version on its Bittensor subnet. This also means that AIT Protocol is the first native web3 project on the Bittensor network.

The first project in a crypto ecosystem often reaps the rewards, and the outstanding performance of the AIT token price has already proven this.

However, the author believes that the AIT token price may be at a temporary high point rather than a terminal point; with the official opening of SORA after OpenAI, the crypto market will likely see another wave of AI concept enthusiasm.

TaoPad ($TPAD): A project launchpad expanding the Bittensor ecosystem

TaoPad is a cryptocurrency protocol designed to create better synergy with the native token $TAO of the BitTensor network.

As a gateway from Ethereum to the Bittensor network, TaoPad enables $TPAD holders to act as development agents to promote activities on the Bittensor network and distribute the rewards obtained to holders, thereby gaining from the growing value of the Bittensor network.

This creates a unique dynamic where the growth and success of Bittensor and $TAO benefit $TPAD holders, establishing a harmonious symbiotic relationship between the tokens and their respective communities.

At the same time, the project introduces an innovative reward mechanism that utilizes multiple income sources to reward its holders with $wTAO (Wrapped TAO) tokens. This approach aims to establish a mutually beneficial relationship between Taopad and $TAO, enhancing holder value and supporting the development of decentralized artificial intelligence.

TaoPad is building a DeFi ecosystem for $TAO and has created the first launch platform centered around Bittensor.

It is worth mentioning that this launchpad is not limited to BitTensor-related projects but will prioritize those aimed at expanding decentralized AI, creating possibilities for projects to connect with more opportunities outside the ecosystem.

Official Twitter: https://twitter.com/TaoPadX

Project Website: https://www.taopad.io/

Token Performance

As of the time of writing, the price of $TPAD is $11.4, with a market capitalization of only $12.67 million. Price changes over different time periods are:

7D: -11%

1M: +107%

1Y: +21%

In terms of price, TPAD's performance is not as strong as that of the previously mentioned TPAD. This is determined by the nature of the project itself.

TaoPad is not directly related to AI; it can be more understood as "a launcher around AI projects," which naturally does not have as strong a narrative as ecosystem projects closely related to AI technology.

However, if one is optimistic about the development of Bittensor, the performance of TPAD is still worth paying attention to as more ecosystem projects emerge.

Latest Project Developments

On February 16, TaoPad launched its first project Tao Bank, with the launch divided into three phases, lasting until 12:00 UTC on February 24. The minimum participation amount is holding more than 50 $TPAD tokens.

Kizuna ($KIZUNA): AI-generated Meme

$KIZUNA is the first token built on the decentralized AI network Bittensor, inspired by the successful principles of Ryoshi (the founder of SHIB coin) and decentralized minimalism.

It is worth noting that the vision, logo, and other related information of Kizuna coin were generated on BitAPAI, which is a language model similar to ChatGPT built on Bittensor.

In other words, the MEME itself is created by AI, making this MEME appear more "AI Native" in its spiritual core.

Just as the SHIB coin uses a Shiba Inu as its mascot, the AI model has chosen an animal resembling a red-crowned crane as its mascot. The entire project's visual communication is rich in Eastern fantasy elements.

Unlike a pure Meme, Kizuna also has certain product capabilities: users can generate images from text using the project's AI robot, undoubtedly making "AI-generated meme images" more topical and engaging.

Official Twitter: https://twitter.com/KizunaToken

Project Website: https://kizunatoken.io/

Token Performance

As of the time of writing, the price of $KIZUNA is $0.0000000379, with a market capitalization of $31 million. Price changes over different time periods are:

7D: +72%

1M: +201%

1Y: +1290%

It is important to note that meme tokens are often accompanied by volatile price fluctuations, and their subsequent development relies on the formation of consensus and the project's ongoing operation.

OpSec ($OPSEC): A software solution integrating AI, DePIN, and security

OpSec focuses on cloud security in areas such as distributed servers, dedicated networks, RDP, GPU, one-click node setup, and DePIN hardware.

In simpler terms, as a provider of decentralized physical infrastructure networks, OpSec utilizes cutting-edge AI technology to build, maintain, and operate blockchain infrastructure, ensuring the security and privacy of blockchain applications.

The mission of the project is to explore, implement, and guide the creation of secure, efficient, and decentralized digital ecosystems, attempting to address the limitations of current infrastructure, aiming to cultivate a more democratic, resilient, and secure internet.

Through OpSec Cloudverse, $OPSEC holders will have seamless access to Tensorage (a subnet dedicated to storage solutions on the Bittensor network) miners through simple one-click setups. OpSec and Tensorage will provide the essential infrastructure needed to create a decentralized storage platform on Bittensor.

Official Twitter: https://twitter.com/OpSecCloud

Project Website: https://opsec.software/

Token Performance

As of the time of writing, the price of $Opsec is $0.5, with a market capitalization of $60 million. Price changes over different time periods are:

7D: +63%

1M: +301%

1Y: +559%

In terms of market capitalization, OpSec is higher than AIT. However, considering the breadth of its business and its ability to serve more other blockchain projects, we can view it as a B2B product, which has relatively larger imaginative space.

Latest Project Developments

On February 14, OpSec launched the V2 test version.

On February 18, OpSec's official Twitter announced a partnership with the crypto project Dmail Network and opened a Subhub channel on Dmail Network.

On February 18, OpSec's official Twitter announced a partnership with Commune AI, aiming to utilize Commune AI's multifunctional toolkit within OpSec's ecosystem.

At the same time, the project also sponsored the upcoming Eth Denver conference this year. Considering the above collaborative actions, the project’s operational rhythm is very clear, focusing on releasing versions, establishing connections with more projects, and enhancing brand influence.

Tao Bank: Unlocking TAO liquidity, becoming MakerDAO in Bittensor

Currently, a key issue faced by $TAO holders is the inability to obtain liquidity using TAO itself without selling it.

This clearly creates a lending demand.

Therefore, TaoBank addresses this demand by allowing $TAO holders to use their assets as loan collateral. The system of TaoBank has dual benefits: it provides immediate liquidity for asset holders while allowing them to retain ownership of $TAO. By doing so, TaoBank bridges the gap between the static holding of digital assets and the dynamic financial flexibility that other assets already possess.

In terms of product, like most lending and DeFi protocols, TaoBank also has similar redemption and liquidation mechanisms and uses ChainLink as an oracle.

At the same time, TaoBank has launched TaiUSD ($TUSD), a new type of over-collateralized stablecoin backed by $TAO. $TUSD will become the first over-collateralized stablecoin supported by $TAO.

Official Twitter: https://twitter.com/taobnk

Project Website: taobank.ai

Token Performance

As mentioned earlier, TaoBank's own token $TBANK is also being pre-sold on TaoPad, requiring ETH for participation.

As of the time of writing, the seed round financing has ended. Participants need to hold more than 1000 $TPAD tokens to participate in this round of TBANK financing, with the current TBANK price at 0.000018 ETH.

However, another round of financing with a lower threshold has not yet ended, allowing participation with more than 50 $TPAD tokens.

Tensorplex Labs: Introducing stTAO, lowering the threshold for staking TAO

Tensorplex Labs aims to become the infrastructure for decentralized artificial intelligence networks, targeting seamless integration and interaction between DeFi applications and decentralized AI technologies.

Currently, the main product on Tensorplex Labs is Tensorplex LST, which represents the leading liquid staking solution for decentralized AI network tokens, starting with Bittensor (TAO). It provides users with a simple way to participate in the network and earn rewards through its decentralized AI network tokens.

To stake TAO, users need to use wallets compatible with Bittensor instead of the commonly used EVM wallets, which creates friction in the onboarding experience.

Tensorplex LST addresses these limitations through stTAO, which can be used across other ecosystems and applications, enhancing flexibility.

• Users can stake TAO directly on Ethereum using EVM-compatible wallets without having to create a Bittensor-compatible wallet, thus creating a better staking experience for users more familiar with Ethereum.

• stTAO can be used for DeFi activities, including providing liquidity and collateral to liquidity pools and lending platforms, allowing users to potentially earn additional rewards beyond existing staking rewards.

Official Twitter: https://twitter.com/TensorplexLabs

Project Website: https://www.tensorplex.ai/

Currently, there is no public token information for this project, and interested players can continue to follow its social media updates.