🌀 Understanding Subnet Pools in Dynamic TAO
Each subnet will have its own pool managing TAO and the subnet's token, creating a dynamic market-driven ecosystem, but how will those pools work?
When you stake TAO to a subnet, you receive the subnet's tokens in return. The exchange rate is determined by the ratio between TAO and subnet tokens in the pool.
The key mechanics are:
- Pools start at a 1:64 ratio (TAO:subnet token)
- More TAO staked = higher TAO emissions
- Staking into subnet will increase the price
- Unstaking from a subnet decreases the price
- Low liquidity in the pools causes slippage!
Understanding slippage is crucial:
- Relatively large stakes/unstakes can significantly impact the price. The bigger the pool, the lower the slippage
Root staking (subnet 0) works differently:
- No token conversion, no slippage - your TAO stays TAO
Learn more below, and try our slippage calculator to experiment with different pool scenarios: https://t.co/Lqm3DfQXcH
At current Bittensor MC of $3.7B, each subnet, a leading AI startup, is valued at $57M on average. Some of these SN's are already revenue generating & will have billion dollar valuations soon. SN count will grow to thousands. With dTao, cumulative value will be accrued in $TAO.
✨ End-of-Year Holiday Giveaway! ✨
As we wrap up an incredible year at CETI AI, we want to say THANK YOU to our amazing community! 🌟 This year, we’ve achieved so much together:
✅ Purchased our first GPUs and doubled our fleet 7 months ahead of schedule.
✅ $6 million in fully-paid for hardware to provide compute to web2 and web3 companies
✅ Built key partnerships that are revolutionizing decentralized AI.
✅ Expanded our data center operations for unmatched compute capabilities.
✅ Introduced groundbreaking initiatives like our Intelligent Compute Fabric.
To celebrate, we’re giving back with a small holiday giveaway of some goods and gifts (they will be revealed tonight)! 🎁 Entering is easy:
1️⃣ Retweet this post to spread the holiday cheer.
2️⃣ Verify in our Discord to secure your spot in the draw (this is for $CETI holders)!
Let’s close 2024 with a bang and get ready for even greater things in 2025. 🚀
Happy holidays from all of us at CETI AI! 🎄✨
If Bitcoin hits $80,000 by the end of the week, I will give 3 random followers who like and retweet this post 1 whole Bitcoin each.
You must be following me.
Good luck.
☯️ How to safely buy, store, and stake $TAO ☯️
Many asked, so I am breaking it down 👇
I will give you the easiest path, plus 3 decentralized options.
Timestamps for your convenience 😉
00:00. Intro.
00:24. Installing Bittensor wallet
01:28. Buying $TAO (centralized)
03:37. Withdraw to wallet
04:10. Whitelisting considerations
06:29. Simple staking
08:33. Unstaking
09:00. Option #2 - $WTAO
10:08. Option #3 - @RocketXexchange
12:11. Option #4 - Bittensor Exchange
14:07. Closing thoughts
Considerations:
τ. If its your first time, test the waters with a small amount.
τ. ALWAYS whitelist addresses!
τ. Find official links using OFFICIAL pages (on Coingecko or X)
τ. If you want to go the hardware route, after buying watch that video in my highlights. The two go together.
Like/share if this was helpful 👑