Bittensor
A platform for the production of digital commodities backed by its substrate blockchain-Subtensor
Bittensor's cryptocurrency token is TAO . Blockchain records all the key activity of the subnets in its ledger through Yuma Consensus
Dynamic TAO:
Most recently, a market-driven mechanism designed to replace Bittensor’s current emission allocation model has been introduced through Dynamic TAO. The key mechanism introduced with Dynamic TAO is that each subnet functions as its own automated market marker (AMM), with two liquidity reserves, one containing TAO(τ)—the currency of the Bittensor network, and one containing a subnet-specific "dynamic" currency, referred to as that subnet's alpha (α) token.
A subnet’s economy consists of three pools of currency:
a.Tao Reserves: The amount of Tao that has been staked into the subnet
b.Alpha Reserves: The amount of alpha available for purchase.
c.Alpha outstanding: Amount of alpha held in the hotkeys of a subnet’s participants.
There is a hard cap of 21 million for any subnet’s alpha token, the same as for TAO. Alpha tokens (α) follow a halving schedule. Dynamic tokens (α) are non-fungible, they cannot be transferred, and they can only be unstaked into $TAO. Dynamic tokens (α) are emitted by the chain, with 50% of the supply being injected into the Pool and 50% used to incentivize miners/validators within subnet.
Dynamic $TAO is launching on February 13, 2025
I'm excited about the @Shardeum Liberty alphanet! #Shardeum is building an EVM-based L1 that can deliver low gas fees forever by adding more nodes.
Requesting 100 #SHM from the Shardeum faucet. https://t.co/yOjCa13mfu
My address is: 0x30b12A843c98C30e4256C5eC74cBec78F3253c3A
I'm excited about the @Shardeum Liberty alphanet! #Shardeum is building an EVM-based L1 that can deliver low gas fees forever by adding more nodes.
Requesting 100 #SHM from the Shardeum faucet. https://t.co/8GoIeH6ucT
My address is: 0x30b12A843c98C30e4256C5eC74cBec78F3253c3A