Tokenomics

$TAOTOOLS is our native currency, tradeable on the Ethereum Mainnet. As per launch, $TAOTOOLS is only available to trade on Uniswap, after which we will pursue several CEX Listings post-launch. To buy $TAOTOOLS on Uniswap, simply but ERC-20 ETH on any Centralized Exchange, such as Coinbase, Binance or Kraken. After this, withdraw your ERC-20 ETH to a non-custodial crypto wallet, such as Coinbase Wallet, MetaMask or Trust Wallet. From this wallet, head to Uniswap.org and go to 'Swap'. Select the amount of ETH you want to buy and input our Contract Address, as specified below. Hit 'Swap' to complete the transaction. While the TAOTools ecosystem and its subnets are free in the v1 of our platform, we aim to add several paid functionalities in the future, including a 'Trading' function, of which the timing depends on when Bittensor adds its chain. The revenue generated by these paid options will be shared with $TAOTOOLS holders through a revenue sharing program, creating unique incentive to hold our token. More details around this revenue sharing program will be shared as we add paid options to our Web dApp and TG Bot. The tokenomics of our native currency are specified below. Buy & Sell taxes are used to fund both development, as well as marketing. Development costs will go to team salaries, server costs, and any potential outsourced development work for the addition of new functionalities. Marketing costs can include CEX listings, ads, and KOL contracts, for which we have dedicated wallets as well. Tax funds might also be used for buybacks.