![TaoPad](/_next/image/?url=https%3A%2F%2Fimage.cypherhunter.com%2Fupload%2Fimg%2Fp%2Ffdd04372d7bc9e160172858701df17c0.jpeg-resized&w=256&q=75)
TaoPad
![TaoPad](/_next/image/?url=https%3A%2F%2Fimage.cypherhunter.com%2Fupload%2Fimg%2Fp%2Ffdd04372d7bc9e160172858701df17c0.jpeg-resized&w=96&q=75)
TaoPad is a cryptocurrency protocol designed to synergize with the BitTensor network's native token, $TAO. It introduces a novel rewards mechanism, leveraging multiple revenue streams to reward its holders with $wTAO (Wrapped TAO) tokens. This approach aims to create a mutually beneficial relationship between Taopad and $TAO, enhancing value for holders and supporting the growth of decentralized AI. TaoPad allows users to enjoy the benefits supporting $TAO without having to invest effort in the cumbersome task of procuring and managing BitTensor network mining and validator equipment. TaoPad is building DeFi for $TAO and has built the first Bittensor-focused launchpad. The first project launching on TaoPad is TaoBank, a protocol that accepts $wTAO as collateral and provides immediate liquidity to the asset holders while allowing them to retain ownership of their $wTAO.