Here’s Why TAGGER (TAG) is Up Over 140%

Tagger (TAG), the native token of the BNB Chain-based decentralized full-stack AI data solutions platform, Tagger, is up more than 140% in the last 24 hours. The surge can be attributed to several positive developments on the network. Notably, a major crypto exchange listing and the addition of a million-dollar liquidity pool for World Liberty Financial USD (USD1).

According to data from CoinMarketCap, TAG has increased almost 200% since yesterday, 329% in one week and 559% in a month. Tagger’s rally has driven the asset’s price to an all-time high (ATH) of $0.00039, from which it had corrected slightly at press time. The cryptocurrency was trading at $0.00033 at the time of writing, with a 24-hour volume that had increased by 7,472%.

What is Tagger?

As a full-stack AI solutions platform, Tagger provides an environment where data can be collected, labeled, verified, managed, and traded. The protocol establishes a cross-border authentication network and permissionless hub for data collection and decentralized authorization.

The network uses a crowdsourcing model for data labeling and collection in the Web3 space. This fosters a connection to a broad pool of contributors, eliminating the need to depend on only professional annotators. Tagger provides a trustless environment and solves the issues of data silos, authentication issues, and the lack of specialized annotators.

One major component of the Tagger ecosystem is the platform’s AI copilot model. This tool allows individuals to label industry-specific data regardless of their background in the sector. Tagger says the model helps it uphold the peer-to-peer standard and remove the need for gatekeepers. This ensures data collaboration in a decentralized marketplace.

It is worth mentioning that the second version of the Tagger platform will soon be launched. According to the project’s team, there will be exclusive testing for V1 participants on the BNB Chain. During the upcoming phase, users will test everything from data labeling to review, authentication, and authorization to ensure Tagger V2 runs smoothly.

Expanding Payment Options for DeCorp Workers

At the core of Tagger’s approach is a decentralized system called DeCorp. The system coordinates a global workforce that labels and manages data through a framework that focuses on the Web3 community. Tagger aims to implement algorithmic and peer-driven administrative hierarchies within traditional processes. This establishes a foundation for transparent pricing, settlement, and record-keeping, eliminating reliance on a single authority.

On DeCorp, participants can contribute their labor without the barriers seen in centralized corporate structures. This architecture utilizes AI tools to assess and establish professional competency standards, ensuring a universal baseline for workers across all backgrounds. 

While plans to upgrade the Tagger network are in the works, the team has added a $1.4 million liquidity pool for USD1, a stablecoin tied to the Trump crypto venture, on the BNB Chain. As part of Tagger’s stablecoin ecosystem, USD1 will facilitate instant cross-border payments for the platform’s DeCorp workers. 

Additionally, Tagger is building the BNB Chain-based USD1 ecosystem in collaboration with World Liberty Financial. Also part of the collaboration is BUILDon, the AI mascot for building on the BNB Chain, and the decentralized exchange PancakeSwap. 

“Each trade steadies USD1 and widens the experiment: people exchanging decentralized labor for sound digital cash under their own keys. Build the liquidity, reinforce the peg, diminish distance,” Tagger stated.

Meanwhile, the crypto exchange MEXC announced that it will be listing TAG for trading on June 9 at 02:00 UTC. The asset will be listed on the platform’s Innovation Zone, which mainly features emerging projects.

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