Popular science: What kind of currency is TAO coin? How to obtain TAO coins?

TAO Coins are obtained through exchanges, staking ONT, ecosystem contributions, games, and app installations and offer benefits such as transaction fees, rewards, governance, staking, and investment potential.

Oct 12, 2024 at 11:11 pm

What is TAO Coin?

TAO Coin is a digital currency that incentivizes users to participate in the development and growth of the Ontology ecosystem. It is used to pay for transaction fees, reward validators who maintain the network, and fund projects and applications built on Ontology.

How to Obtain TAO Coins

There are several ways to obtain TAO Coins:

1. Purchase on exchanges: TAO Coins can be purchased on various cryptocurrency exchanges, including Binance, Huobi, and OKEx.
2. Stake ONT tokens: Ontology Network (ONT) token holders can stake their tokens to earn rewards in TAO Coins.
3. Contribute to the Ontology ecosystem: Developers and users who contribute to the Ontology ecosystem, such as by building applications or participating in governance, may be rewarded with TAO Coins.
4. Play games and app: You can play games and install apps to earn TAO every day, such as Meta Apes

Benefits of Holding TAO Coins

Holding TAO Coins offers several benefits:

1. Transaction fees: TAO Coins are used to pay for transaction fees on the Ontology network.
2. Rewards: Validators who maintain the Ontology network receive rewards in TAO Coins.
3. Governance: TAO Coin holders can participate in governance by voting on proposals that shape the future of the Ontology ecosystem.
4. Staking: TAO Coins can be staked to earn additional rewards.
5. Investment: TAO Coins have the potential to appreciate in value as the Ontology ecosystem grows and adoption increases.