This brings our cumulative total to 263 bittensor:native which is about $57,335 when adjusted for the price each tao was bought with fees.
Proud to be one of only six subnets out of 128 that are generating revenue and returning that value to holders (SN41 alpha) and the network (TAO)
We just completed our monthly buyback and burn with $23,000 in generated fees.
It has been our biggest month yet with a peak weekly volume of over $700,000. The trajectory heading through July is looking strong.
Revenue tailwinds on the horizon with a new launch this month.
Today we’re introducing the Yuma Total Market Fund. One allocation to access $TAO and the full Bittensor subnet ecosystem.
AI exposure is expanding beyond public equities and venture.
Proof of Intelligence is the only way going forward on Bittensor.
Prove your subnet output or you don't eat.
No exceptions.
@opentensor is finally getting rid of leeches and extractors from our eco.
No free lunch for anyone including valis.
Extractors treated TAO and subnets like a faucet just fucking show up, get emissions, dump with no risk.
That era is ending today!
TAO is scarce and it should be treated as such.
Every emission that was going to extractors is now being redirected to real builders, real validators, real compute.
This isn't just ecosystem cleanup.
It's @opentensor pushing forward what Jake and Ala always promised, intelligence gets rewarded, parasites get nothing.
If you understand scarcity and proof of work, you already know what comes next for $TAO.
So fucking bullish!
So fucking proud of Jake.
It definitely wasn't an easy choice.
But it was the right thing to do, we gotta give legit teams and their projects an opportunity to really succeed and hopefully redirecting emissions their way will allow them to push their products outside of Bittensor.
@const_reborn is slowly pushing Cats out of the job, but I won't be complaining about that!😏
@DFVTAO It really isnt. Price is too high.
If you buy and hold for 18-24 months, maybe you make money.
Zero room for error though, or you end up holding a bag when others already exited.
What a long way the network has come to have someone like @Jason publicly speaking about the REAL need for a change that Bittensor is building and envisioning for AI.
$TAO is a living organism finding form in this symbiotic relationship between humans and machines through a solid incentive mechanism of continuous growth… the future is bright and we are in the midst of a global shift on how we will evolve systems that are crucial to AI freedom.
Centralized x Decentralized
The choice is already obvious for most, but the commitment is required, join the revolution, join Bittensor.
Get involved in our world cup content competition!
Drop as many pieces of WC themed Almanac content as you like for the chance to win $1750 in prizes.
Open to $TAO and prediction market creators.