FakeNews

SN66 Price

About FakeNews (sn66)

FakeNews is a decentralized AI subnet on the Bittensor platform dedicated to real-time fake news detection and advanced fact-checking capabilities.

• Provides real-time identification of misinformation and news verification using a decentralized community of AI models.
• Operates as Subnet 66 on the Bittensor network, utilizing a miner-validator architecture to ensure accuracy and efficiency.
• Aims to surpass traditional fact-checking solutions by delivering high-accuracy verifications through a competitive intelligence market.

What Is FakeNews

FakeNews is a specialized decentralized AI subnet designed to combat the rapid spread of misinformation online. It creates a trustless market for intelligence where participants are incentivized to provide accurate news validation. The project addresses the gap between the speed of false news propagation and the slower pace of manual human fact-checking by leveraging a distributed network of AI agents.

Value moves through the system via the Bittensor network's native incentive structure, where participants earn rewards for providing high-quality analytical work. The token is put to work as an application utility token, serving as the economic incentive for miners to provide computational resources and for validators to maintain network integrity. As the ecosystem grows, the system scales by introducing increasingly complex fact-checking tasks and expanding its linguistic support to include multiple global languages.

What Makes FakeNews Unique

• Dynamic TAO Integration: It was the first new subnet introduced following Bittensor’s Dynamic TAO (dTAO) upgrade, positioning it at the forefront of the network's architectural evolution.
• Real-Time Verification: Unlike traditional fact-checking which often lags behind news cycles, FakeNews focuses on rapid, real-time detection to flag misinformation as it appears.
• Phased Task Complexity: The project utilizes a structured roadmap that progressively increases the difficulty of miner challenges, from basic comparisons to comprehensive fact-level analysis.
• Decentralized Watchdog: It functions as an autonomous misinformation watchdog, constantly training on and evaluating live news content from major publications.

What Can You Use FakeNews for?

• Misinformation Detection: Users and applications can leverage the subnet to distinguish between real news and AI-generated or human-authored fake content.
• Fact-Checking Services: The network provides advanced capabilities to break down articles into individual facts and verify each against reliable external sources.
• Credibility Scoring: The subnet assigns credibility scores to news articles, providing a quantifiable metric for information reliability.
• External Reference Identification: Miners are tasked with finding reliable external links to original sources, aiding in the documentation of news provenance.

How Does FakeNews Work?

FakeNews operates using a specialized miner-validator architecture on the Bittensor platform. Validators are responsible for sourcing reliable news from major publications and generating challenges. These challenges include creating paraphrased versions of real news and generating convincing "fake" versions to test the discriminatory capabilities of the network.

Miners use large language models (LLMs) and other AI tools to analyze these challenges and provide a score indicating the article's reliability. The network utilizes a reward mechanism based on analytical accuracy over both long-term and short-term windows. Participants pay protocol service fees in the form of network incentives to access the subnet's resources, ensuring a sustainable economic model for decentralized intelligence.

Team Info and Investors

The project is developed by the Gutenberg Team, a group focused on decentralized AI applications within the Artificial Intelligence (AI) sector of the Bittensor ecosystem. While the source does not specify individual founders or early private investors, the project operates under the MIT License and follows the decentralized governance standards of the Bittensor network.

Where can you buy FakeNews?

SN66 tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade FakeNews is Subnet Tokens, where the most active trading pair SN66/SN0 has a trading volume of $83,390.13 in the last 24 hours.

What is the daily trading volume of FakeNews (SN66)?

The trading volume of FakeNews (SN66) is $83,559.71 in the last 24 hours, representing a 22.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for FakeNews (SN66)?

FakeNews (SN66) reached an all-time high of $4.77 and an all-time low of $0.4137. It’s now trading -87.50% below that peak and 44.10% above its lowest price.

What is the market cap of FakeNews (SN66)?

Market capitalization of FakeNews (SN66) is $2,794,586 and is ranked #1873 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SN66 tokens (4.7 Million tokens are tradable on the market today).

What is the fully diluted valuation of FakeNews (SN66)?

The fully diluted valuation (FDV) of FakeNews (SN66) is $2,794,586. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million SN66 tokens are in circulation today. Depending on how the emission schedule of SN66 tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of FakeNews compare against its peers?

With a price decline of -16.30% in the last 7 days, FakeNews (SN66) is underperforming the global cryptocurrency market which is down -2.20%, while underperforming when compared to similar Artificial Intelligence (AI) cryptocurrencies which are up 3.10%.