Just a holder who decided to build.
I funded the DEX Screener update and launched https://t.co/5OLopbqjTd for Buttensor.
The site is step one. More to make, share and build together.
Thanks @LaunchOnSF for making TAO-paired launches possible.
Bring ideas. Stay tuned.
Just a holder who decided to build.
I funded the DEX Screener update and launched https://t.co/5OLopbqjTd for Buttensor.
The site is step one. More to make, share and build together.
Thanks @LaunchOnSF for making TAO-paired launches possible.
Bring ideas. Stay tuned.
The most interesting number in BUTT is how much TAO has reached holders.
At 08:01 UTC on 7 September, StonkFun reported 1,361.76 TAO distributed across 119,327 payouts. The accompanying dashboard capture shortly afterward valued the distributed TAO at $359,820 using the then-current TAO price.
Here is the mechanism behind those numbers.
BUTT has a 3% transfer tax. Collected fees fund distributions in TAO on Solana, with a separate deduction for distribution costs and operations.
Funds accumulate until a distribution is economical. At that snapshot, eligible wallets must hold at least $20 worth of BUTT. Each receives a proportional share based on its eligible holdings.
The allocation is straightforward:
Net TAO available × your share of eligible BUTT holdings = your payout.
For example, a 100 TAO net distribution and a 0.1% eligible share would mean 0.1 TAO. That illustrates allocation, not an earning rate. The available funds, eligible balances and timing all vary.
Once received, the TAO is a separate asset you can retain or sell. Retained TAO gains dollar value if its price rises and loses dollar value if it falls. Your overall result also depends on BUTT's price and the costs you paid.
The broader opportunity is discovery. A meme can introduce someone to TAO; receiving it can give them a reason to learn what Bittensor and its subnets actually do. Turning attention into lasting interest is something the community can build toward.
The model's durability depends on continued activity funding distributions after costs. Past payouts establish a track record; they do not establish a fixed future return.
Cumulative payouts are not unique holders. Distributions are not the same as profit. The numbers are more useful when their meaning is clear.
Artificial unintelligence. Follow the TAO.
(‿|‿)
Source: https://t.co/k4iofOEO3D
The most interesting number in BUTT is how much TAO has reached holders.
At 08:01 UTC on 7 September, StonkFun reported 1,361.76 TAO distributed across 119,327 payouts. The accompanying dashboard capture shortly afterward valued the distributed TAO at $359,820 using the then-current TAO price.
Here is the mechanism behind those numbers.
BUTT has a 3% transfer tax. Collected fees fund distributions in TAO on Solana, with a separate deduction for distribution costs and operations.
Funds accumulate until a distribution is economical. At that snapshot, eligible wallets must hold at least $20 worth of BUTT. Each receives a proportional share based on its eligible holdings.
The allocation is straightforward:
Net TAO available × your share of eligible BUTT holdings = your payout.
For example, a 100 TAO net distribution and a 0.1% eligible share would mean 0.1 TAO. That illustrates allocation, not an earning rate. The available funds, eligible balances and timing all vary.
Once received, the TAO is a separate asset you can retain or sell. Retained TAO gains dollar value if its price rises and loses dollar value if it falls. Your overall result also depends on BUTT's price and the costs you paid.
The broader opportunity is discovery. A meme can introduce someone to TAO; receiving it can give them a reason to learn what Bittensor and its subnets actually do. Turning attention into lasting interest is something the community can build toward.
The model's durability depends on continued activity funding distributions after costs. Past payouts establish a track record; they do not establish a fixed future return.
Cumulative payouts are not unique holders. Distributions are not the same as profit. The numbers are more useful when their meaning is clear.
Artificial unintelligence. Follow the TAO.
(‿|‿)
Source: https://t.co/k4iofOEO3D
A meme can give a serious asset a new source of attention—and a new reason to be used.
That is the opportunity in $BUTT / $TAO.
TAO is the quote asset in the pair. StonkFun’s transfer-fee-funded reward model also distributes TAO to eligible BUTT holders. Meme activity can introduce people to an asset they might never have bought directly.
ZCAT/ZEC already illustrates that distribution model.
The wider thesis is worth understanding: demand for TAO on Solana could attract additional supply through arbitrage. If that supply requires fresh purchases of native TAO, the effect could extend beyond the BUTT pool.
The test is whether new buying persists after accounting for existing inventory and selling. That is how a demand thesis becomes something measurable.
We are early in testing this. One short-term candle cannot settle it. Follow the flows, the distributions and what we build together.
Artificial unintelligence. An economic idea worth thinking about.
(‿|‿)
A meme can give a serious asset a new source of attention—and a new reason to be used.
That is the opportunity in $BUTT / $TAO.
TAO is the quote asset in the pair. StonkFun’s transfer-fee-funded reward model also distributes TAO to eligible BUTT holders. Meme activity can introduce people to an asset they might never have bought directly.
ZCAT/ZEC already illustrates that distribution model.
The wider thesis is worth understanding: demand for TAO on Solana could attract additional supply through arbitrage. If that supply requires fresh purchases of native TAO, the effect could extend beyond the BUTT pool.
The test is whether new buying persists after accounting for existing inventory and selling. That is how a demand thesis becomes something measurable.
We are early in testing this. One short-term candle cannot settle it. Follow the flows, the distributions and what we build together.
Artificial unintelligence. An economic idea worth thinking about.
(‿|‿)
Buttensor is on Telegram.
The updates have a channel. The community has the floor.
Updates: https://t.co/JgMsGQug8u
Chat: https://t.co/UeAhGEEYlV
Bring a meme or an idea. Make yourself at home.
(‿|‿)
Buttensor is on Telegram.
The updates have a channel. The community has the floor.
Updates: https://t.co/JgMsGQug8u
Chat: https://t.co/UeAhGEEYlV
Bring a meme or an idea. Make yourself at home.
(‿|‿)
A ridiculous name. A testable thesis.
BUTT/TAO is the pairing. Lasting demand is the question.
Our part: build things people come back for after the joke lands.
(‿|‿)
A ridiculous name. A testable thesis.
BUTT/TAO is the pairing. Lasting demand is the question.
Our part: build things people come back for after the joke lands.
(‿|‿)
The Buttensor group chat is ready.
Bring your memes, your questions and the next thing we should build together.
Request to join:
https://t.co/LRqggLrUXC
(‿|‿)
The Buttensor group chat is ready.
Bring your memes, your questions and the next thing we should build together.
Request to join:
https://t.co/LRqggLrUXC
(‿|‿)