⚡️Mode Network announces the launch of the Synth Subnet testnet on Bittensor - Synth utilizes Bittensor's decentralized AI network to create synthetic data

2024-12-05 13:41:20

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⚡️Mode Network announces the launch of the Synth Subnet testnet on Bittensor—

Synth uses Bittensor’s decentralized AI network to create synthetic data, which is used for price prediction of Cryptocurrencies such as BTC.

The most important thing in the AI track is data, and accurate data is even more important.

The subnet aims to improve the functionality of AI agents and large language models by rewarding accurate predictions of Miners, unleashing new power for AI Agents;

The significance of launching the Synth testnet on the Mode network on Bittensor is as follows:

The integration of AI and Decentralized Finance: Synth aims to improve the predictive ability of AI agents in Decentralized Finance by generating synthetic data through AI. In this way, Mode Network can better integrate AI technology with Decentralized Finance to create more accurate financial prediction tools.
Testing and Validation: The launch of the testnet provides developers and users with a platform to test and validate the functions and performance of Synth. It allows for adjustments and improvements to be made before actual deployment, ensuring the quality and security of the final product.
Improving the prediction accuracy of AI agents: By generating synthetic data, AI agents can learn and predict based on a wider and more accurate dataset, thereby improving their accuracy in financial market predictions. This is crucial for strategies such as Options pricing, portfolio management, and other applications in Decentralized Finance.

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