The TAO network has announced the launch of a public crowdsale for its tokens. Calling itself a “future-proof” Bitcoin-based DAO platform, TAO network aims to provide tools for building decentralized applications.
Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented with Bitcoin PR Buzz and is not responsible for their products and/or services.
With its “IntelliTx technology,” TAO Network offers what they call a “content agnostic” method of building smart contracts, meaning that contracts can be developed with any protocol. The team behind the platform also claims that the network is “user-friendly” and “privacy-centric”
The platform already has a proof of concept to show off: the TAO of Music. This project was created by a team of futurists and developers as a means to protect artists’ content over long periods of time. The project works as a DAO, acting as “a bond between competing blockchain based solutions by various music publishing administration companies,” according to the TAO team.
In their month-long crowdsale, the TAO team have made 30 million tokens available, which are guaranteed to stay at or below $1.00 in price. Deposits made in the crowdsale before Friday, August 5 will get a 25 percent bonus.
Specifications of TAO Network
Proof of Stake: 4%
Proof of Work Algorithm: X11
Proof of Work Reward: 1TAO per block, halving 26 times
Block time: 7.5m
Block size: 20MB with Adaptive Block Sizes
Alpha (Master) Node Minimum Qualification: 10,000 TAO
Tokens available via crowd sale: 30,000,000 TAO
Total tokens: 32,000,000 TAO
TAO Token Distribution
TAO Network is an improved, future-proof Blockchain smart contract platform built using Bitcoin code base. The TAO Network, still in its early stage is a content agnostic smart contracts platform. The protocol is currently working on an experimental blockchain based rights management platform called the TAO of Music.
Know more – http://tao.network
TAO Network Investor handbook is available at – http://tao.network/InvestorsHandbook.pdf
To participate in the Crowdsale, visit – http://tao.network/crowdsale.html
Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.
About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.
1 Hova Villas Brighton & Hove
BN3 3DH United Kingdom
All rights reserved by Bitcoinist Ltd. | 2016.