How to Lend Bittensor (TAO): A Step-by-Step Guide for the UK

Introduction

Lending Bittensor can be an excellent option for those who wish to hold TAO while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. Obtain Bittensor (TAO) Tokens
To lend Bittensor, you need to possess it. To obtain Bittensor, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
PrimeXBT Bittensor (TAO) 286.81
Binance Bittensor (TAO) 287.1
Coinbase Bittensor (TAO) 286.89
Uphold Bittensor (TAO) 393.44
Bake Bittensor (TAO) 287.17
BingX Bittensor (TAO) 287.1
View all 33 prices
2. Choose a Bittensor Lender in the UK
Once you have TAO, you'll need to choose a Bittensor lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Bitget Bittensor (TAO) Up to 0.3% AER
Coinbase Bittensor (TAO) Up to 18.22% AER
3. Lend Your Bittensor
Once you've chosen a platform to lend your Bittensor, transfer your Bittensor into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
PrimeXBT	Bittensor (TAO)	286.81
Binance	Bittensor (TAO)	287.1
Coinbase	Bittensor (TAO)	286.89
Uphold	Bittensor (TAO)	393.44
Bake	Bittensor (TAO)	287.17
BingX	Bittensor (TAO)	287.1

Platform	Coin	AER
Bitget	Bittensor (TAO)	Up to 0.3% AER
Coinbase	Bittensor (TAO)	Up to 18.22% AER

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.

Latest Movements in the UK

Bittensor (TAO) is currently priced at US$18.22 with a 24-hour trading volume of US$131.4M. The market cap of Bittensor stands at US$3.52B, with 8.14M TAO in circulation. For those looking to buy or trade Bittensor, Bitget offers avenues to do so securely and efficiently

Market capitalisation: US$3.52B
24-hour volume: US$131.4M
Circulating supply: 8.14M TAO

See the latest information

Frequently Asked Questions About Lending Bittensor (TAO) in the UK

What is Bittensor (TAO) and what problem does it aim to solve?: Bittensor (TAO) is a decentralized, blockchain-based protocol designed to incentivize the training and sharing of machine learning models. By creating a network where miners contribute compute, data, and model outputs, TAO tokens are earned as rewards for productive contributions. The goal is to foster a collaborative AI ecosystem where participants are compensated for improving AI capabilities, reducing centralization risk and enabling more open access to AI resources.
How does the TAO token model work, and how are rewards earned?: TAO rewards are earned by contributing compute and data to the network through mining nodes that train or improve machine learning models. Participants stake TAO to secure and participate in the network, and rewards are distributed based on factors like the quality and usefulness of contributions, model performance, and network demand. As with many crypto-native incentive models, differences in node efficiency, data quality, and contribution scope can influence rewards. Always review the latest protocol documentation for specifics on reward curves, eligibility, and potential slashing rules.
What is the current supply status of TAO, and what’s the long-term supply plan?: As of now, approximately 9.6 million TAO are circulating out of a maximum supply of 21 million TAO. This capped supply helps create scarcity over time, which can influence price dynamics if demand remains strong. Long-term, the total supply is finite, so new issuance ceases once the max supply is reached. Investors should monitor emissions, staking rewards, and any protocol changes that could affect circulating supply or minting mechanics.
Is TAO a good investment for AI enthusiasts or developers, and what are the risks?: TAO can be appealing to developers and AI researchers who want to participate in a decentralized AI training ecosystem and earn rewards for meaningful contributions. The potential upside includes exposure to a growing AI-infrastructure project and possible appreciation if network adoption expands. However, risks include price volatility, protocol risk (bugs or changes in incentive structures), competition from centralized AI services, and regulatory considerations around decentralized compute networks. Conduct thorough due diligence, consider your risk tolerance, and avoid committing more capital than you can afford to lose.
How can I participate in Bittensor’s network and securely store TAO?: Participation typically involves running a Bittensor node or validator to contribute compute and data, along with staking TAO to align incentives. To store TAO securely, use reputable wallets that support TAO or compatible token standards, enable hardware wallets where possible, and follow best practices: keep seed phrases offline, enable two-factor authentication, and use reputable exchange or wallet interfaces that offer TAO support. Before staking or deploying a node, review official setup guides for hardware requirements, software versions, and security recommendations to minimize downtime and risk.