Tao price is $0.21631700
Today, the price of Tao (XTO) is $ 0.21631700. In the last 24 hours, the price of Tao (XTO) has increased, with a current price change percentage of +0.00%.
Tao Network, or XTO, is a digital currency that operates on its own blockchain. It's designed to be an improved version of Bitcoin, with the major difference being Tao's focus on music royalties tracking. Unlike many other cryptocurrencies, Tao has a strong foundation in the music industry, and aims to provide an efficient and transparent method for artists to manage their music royalty contracts and payments.
The Tao Network was developed by a group of developers with a passion for both music and blockchain technology. While the specific identities of the developers are not public, their goal was to create a platform where music creators could navigate the complex world of royalty payments with ease.
Tao operates on a Proof-of-Stake (PoS) consensus mechanism, which stands as an alternative to the energy-intensive Proof-of-Work mechanism used by Bitcoin. In PoS, owners of Tao coins can validate transactions and create new blocks based on the number of coins they hold and are willing to "stake" as collateral. By incorporating this mechanism, Tao aims to provide a more environmentally friendly and secure system for its users.
The main feature that sets Tao apart from many other cryptocurrencies is its direct focus on the music industry. Tao offers a streamlined, transparent method for recording and tracking royalty payments, aiming to solve the long-standing problem of opaque and slow payment distribution in the music industry. By utilizing the capabilities of blockchain, Tao strives to offer a platform that benefits both artists and consumers in the music sector.
Currently, the circulating supply of Tao (XTO) is 33.4M, with a total supply of 33.4M.
If you're interested in purchasing Tao (XTO), it's currently available for purchase on a variety of exchange platforms, such as SouthXchange, Nova. However, the availability of Tao can vary depending on the exchange, and some platforms may require you to exchange another cryptocurrency for Tao.
As of now, the market capitalization of Tao (XTO) is $ 7.2M, ranking it #1 in terms of total market cap among all cryptocurrencies. However, contemplate that cryptocurrency prices can be highly volatile and may change rapidly. Always check the most recent data when making decisions. Always perform your own research and consultation before making any cryptocurrency-related decisions.
JokInTheBox
Puppy
Smart AI
Predict Crypto
Kakaxa
Nerds
Juice
Ura
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
