With the amount of new subnets being added it can be hard to get up to date information across all subnets, so data may be slightly out of date from time to time
With the amount of new subnets being added it can be hard to get up to date information across all subnets, so data may be slightly out of date from time to time
The current advertising landscape, especially as influenced by the web2 paradigm, presents significant challenges for both users subjected to ads and companies investing heavily in advertising. Centralized tech giants like Google AdSense, Facebook Audience Network, and Apple Advertising dominate and control the industry, leading to a significant power imbalance, lack of transparency, and high costs.
The BitAds network offers a revolutionary solution by leveraging blockchain technology to create a decentralized and incentivized advertising environment. By reimagining the foundational principles of advertising transactions, BitAds aims to address the issues of transparency, fraud, inefficiency, and high costs associated with traditional advertising methods.
Users request specific actions, which then go through validators and miners within a subnet for processing and verification, leading to rewards based on performance. BitAds function within the Bittensor Subnet model where users’ requests are processed by validators and miners to generate outputs based on specific criteria. Validators select the best outputs from miners, influencing their ranking within the network and potential earnings. The competitive nature of miners striving for optimal performance to avoid being deregistered and enhance their rewards is crucial within this ecosystem.
The competitive landscape within the network incentivizes miners to perform well to earn more and avoid being removed. Traditional marketing methods have proven ineffective in generating returns over the years, prompting a shift towards a new approach. BitAds aims to address the core issue in advertising, focusing not just on attracting attention but on converting high-quality leads into actual sales.
The current advertising landscape, especially as influenced by the web2 paradigm, presents significant challenges for both users subjected to ads and companies investing heavily in advertising. Centralized tech giants like Google AdSense, Facebook Audience Network, and Apple Advertising dominate and control the industry, leading to a significant power imbalance, lack of transparency, and high costs.
The BitAds network offers a revolutionary solution by leveraging blockchain technology to create a decentralized and incentivized advertising environment. By reimagining the foundational principles of advertising transactions, BitAds aims to address the issues of transparency, fraud, inefficiency, and high costs associated with traditional advertising methods.
Users request specific actions, which then go through validators and miners within a subnet for processing and verification, leading to rewards based on performance. BitAds function within the Bittensor Subnet model where users’ requests are processed by validators and miners to generate outputs based on specific criteria. Validators select the best outputs from miners, influencing their ranking within the network and potential earnings. The competitive nature of miners striving for optimal performance to avoid being deregistered and enhance their rewards is crucial within this ecosystem.
The competitive landscape within the network incentivizes miners to perform well to earn more and avoid being removed. Traditional marketing methods have proven ineffective in generating returns over the years, prompting a shift towards a new approach. BitAds aims to address the core issue in advertising, focusing not just on attracting attention but on converting high-quality leads into actual sales.
FirstTensor initiated the development of Bit Ads with the F1 neurons concept to attract validators by offering a one-time payment for full tax refunds during the delegation period. This strategy aimed to boost the validator’s size efficiently. The F1 Neurons involved delegators paying a single fee to the validator and receiving tax refunds for the entire duration, different from continuous service fees. By providing additional benefits like free access to upcoming tools such as First Studio platform and Bensare mining, FirstTensor aimed to enhance the value for holders of F1 neurons.
The ultimate goal is to charge advertisers exclusively for eyeballs that result in purchases, a paradigm shift from conventional advertising models. Traditional marketing efforts have often failed to deliver returns, leading to scepticism in the industry over the past four years. By only billing based on successful purchases, BitAds offers a unique proposition that aligns the interests of businesses and marketers. BitAds aims to address the issue by focusing on targeting high-quality, specific audiences that are more likely to convert into sales. This innovative approach has the potential to transform the advertising industry significantly by incentivizing genuine engagement and sales conversion. The ultimate goal of BitAds is to revolutionize the advertising landscape by charging advertisers only for actual sales generated, rather than for ad clicks or views.
How It Works
Submit Your Campaign Start by providing your product details and initiating your advertising campaign. They will create your landing page and distribute it to advertisers through the BitAds subnetwork.
Miners Join the Mission Hundreds of individuals, acting as miners within the BitAds subnetwork, are incentivized to promote your product’s landing page across various online platforms. They earn rewards for driving organic traffic to your website.
Validators’ Role Network validators evaluate each promoter’s unique link, ensuring that they bring organic traffic to your website and reward them accordingly.
Monitor Your Campaign Optimize your marketing efforts by tracking your campaign’s traffic statistics through your FirstAds account. Access real-time insights on click-through rates, impressions, and engagement to refine your strategies and maximize ROI.
The BitAds Ecosystem
Validators, Miners, and BitAds Core: Validators utilize the BitAds Core platform to create and manage advertising campaigns, equipped with tools for building landing pages and tracking campaign performance. Miners generate unique links for these campaigns and promote them across the internet, earning TAO tokens for driving organic traffic. BitAds Core serves as the central hub for campaign management, traffic analysis, and miner validation.
Incentive Mechanism: Miners earn TAO tokens based on the organic traffic they attract, rather than the client’s payment offer. This model ensures cost-effective advertising for clients while significantly rewarding miners for their efforts.
Integration with Bittensor: BitAds leverages Bittensor’s decentralized network to distribute advertising tasks among miners. Initially, BitAds will focus on promoting the Bittensor project itself, showcasing the network’s marketing capabilities and incentivizing participation. This approach aims to position BitAds as a powerful marketing engine for Bittensor, enhancing visibility and adoption through the collective efforts of the network’s participants.
Technology and Architecture: The BitAds network employs a decentralized architecture for distributing advertising tasks. The core platform features an API for validators to manage campaigns and for miners to generate unique promotional links. Traffic data collected by BitAds is used by validators to assess each miner’s promotion efforts, focusing on penalizing artificial traffic and rewarding genuine engagement.
Advantages of BitAds:
Income Sources for Validators: Validators can monetize their participation in BitAds by promoting their own products, engaging in affiliate marketing, developing applications using the BitAds API, and offering API access to others.
BitAds represents a significant advancement in online advertising. By combining decentralized networks with an innovative incentive mechanism, BitAds provides a solution that benefits advertisers, publishers, and the broader internet community. Moving forward, BitAds aims to expand its offerings, further reducing advertising costs and enhancing the quality of online promotions.
How to Mine TAO on Subnet 16
Hardware Requirements:
Steps to Start Mining:
FirstTensor initiated the development of Bit Ads with the F1 neurons concept to attract validators by offering a one-time payment for full tax refunds during the delegation period. This strategy aimed to boost the validator’s size efficiently. The F1 Neurons involved delegators paying a single fee to the validator and receiving tax refunds for the entire duration, different from continuous service fees. By providing additional benefits like free access to upcoming tools such as First Studio platform and Bensare mining, FirstTensor aimed to enhance the value for holders of F1 neurons.
The ultimate goal is to charge advertisers exclusively for eyeballs that result in purchases, a paradigm shift from conventional advertising models. Traditional marketing efforts have often failed to deliver returns, leading to scepticism in the industry over the past four years. By only billing based on successful purchases, BitAds offers a unique proposition that aligns the interests of businesses and marketers. BitAds aims to address the issue by focusing on targeting high-quality, specific audiences that are more likely to convert into sales. This innovative approach has the potential to transform the advertising industry significantly by incentivizing genuine engagement and sales conversion. The ultimate goal of BitAds is to revolutionize the advertising landscape by charging advertisers only for actual sales generated, rather than for ad clicks or views.
How It Works
Submit Your Campaign Start by providing your product details and initiating your advertising campaign. They will create your landing page and distribute it to advertisers through the BitAds subnetwork.
Miners Join the Mission Hundreds of individuals, acting as miners within the BitAds subnetwork, are incentivized to promote your product’s landing page across various online platforms. They earn rewards for driving organic traffic to your website.
Validators’ Role Network validators evaluate each promoter’s unique link, ensuring that they bring organic traffic to your website and reward them accordingly.
Monitor Your Campaign Optimize your marketing efforts by tracking your campaign’s traffic statistics through your FirstAds account. Access real-time insights on click-through rates, impressions, and engagement to refine your strategies and maximize ROI.
The BitAds Ecosystem
Validators, Miners, and BitAds Core: Validators utilize the BitAds Core platform to create and manage advertising campaigns, equipped with tools for building landing pages and tracking campaign performance. Miners generate unique links for these campaigns and promote them across the internet, earning TAO tokens for driving organic traffic. BitAds Core serves as the central hub for campaign management, traffic analysis, and miner validation.
Incentive Mechanism: Miners earn TAO tokens based on the organic traffic they attract, rather than the client’s payment offer. This model ensures cost-effective advertising for clients while significantly rewarding miners for their efforts.
Integration with Bittensor: BitAds leverages Bittensor’s decentralized network to distribute advertising tasks among miners. Initially, BitAds will focus on promoting the Bittensor project itself, showcasing the network’s marketing capabilities and incentivizing participation. This approach aims to position BitAds as a powerful marketing engine for Bittensor, enhancing visibility and adoption through the collective efforts of the network’s participants.
Technology and Architecture: The BitAds network employs a decentralized architecture for distributing advertising tasks. The core platform features an API for validators to manage campaigns and for miners to generate unique promotional links. Traffic data collected by BitAds is used by validators to assess each miner’s promotion efforts, focusing on penalizing artificial traffic and rewarding genuine engagement.
Advantages of BitAds:
Income Sources for Validators: Validators can monetize their participation in BitAds by promoting their own products, engaging in affiliate marketing, developing applications using the BitAds API, and offering API access to others.
BitAds represents a significant advancement in online advertising. By combining decentralized networks with an innovative incentive mechanism, BitAds provides a solution that benefits advertisers, publishers, and the broader internet community. Moving forward, BitAds aims to expand its offerings, further reducing advertising costs and enhancing the quality of online promotions.
How to Mine TAO on Subnet 16
Hardware Requirements:
Steps to Start Mining:
The team working on Subnet 16 initially consisted of just two members, gradually expanding to include a Romanian team supporting development and maintenance tasks.
The team working on Subnet 16 initially consisted of just two members, gradually expanding to include a Romanian team supporting development and maintenance tasks.
Decentralized Data and Campaign Management
Conversion Tracking
Template and Design Expansion
Device Targeting
Performance Analytics
Geo-Location
Campaign Information Bot
Traffic Source Analysis
Domain Selection Expansion
Decentralized Data and Campaign Management
Conversion Tracking
Template and Design Expansion
Device Targeting
Performance Analytics
Geo-Location
Campaign Information Bot
Traffic Source Analysis
Domain Selection Expansion
Huge thanks to Keith Singery (aka Bittensor Guru) for all of his fantastic work in the Bittensor community. Make sure to check out his other video/audio interviews by clicking HERE.
In this audio interview, Keith talks to Eseck and Albert from Subnet 16 and their unique approach to incentivizing decentralized ad campaigns. This novel design is matched by a well-calculated implementation.
Keep ahead of the Bittensor exponential development curve…
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