Tao is a coin on its own blockchain launched in 2016 which uses Proof of Stake to generate a maximum of 4% interest for users each year. 32,000,000 coins were distributed at launch.
Users and Artists on Fanmix . com receive Tao in rewardShow more [+] r spending money to help artists develop their careers. One of these ways is for artists to launch their own branded tokens on Fanmix which can later be traded openly and freely against Tao on the US regulated exchange AltMarket. The team behind Tao spent considerable time and effort meeting with the SEC / CFTC and the Dept. of the Treasury in the United States to confirm the plan for Tao would not render it a security and the team can provide a legal opinion letter as such. AltMarket has been able to sit within the current regulatory framework to provide commodities and high quality non-security blockchains to trade as a result. Tao is a community in its own right also, like any good cryptocurrency, and has die-hard fans who create interesting software and hardware use cases, such as the Stake Box and PiRaMID devices and the currently developing Infiniti Protocol to aid with interoperability between blockchains. We're always looking for more people to help develop Tao to expand its use, so join in and see how we can work together.