pretty stupid of you guys to even say this... if the subnet got deregged, you would of got more back then giving people heads up that in 8 hours you will sell, which will make your taobag drop super hard... i really hope you guys have a smarter plan like let it drop and buy the lows lol
@HermesSubnet@JosephJacks_ this is your time to get out of my bad books 🤣 go help these guys out... underdogs that are honest guys... exactly what the tao community needs
wow this is sad... where the hell is
@const_reborn
and
@YumaGroup
.... these are honest guys, we can easily help them out, why choice to not help? $tao $dtao
This is not the outcome we’d hoped for.
But as always, we want to be upfront with the community.
Hermes is next in line for deregistration, and we don’t see a clear path out of the position we’re in.
With that in mind, we want to give you advance notice that in 8 hours’ time, we will be liquidating our alpha holdings to cover operational expenses incurred since launch. Up until now, these costs have been covered out of pocket, and we have not previously sold any alpha.
We’re sharing this ahead of time because we’ve always tried to lead with transparency, especially in moments like this.
We understand the weight of this update and deeply appreciate everyone who has supported us along the way.
Thank you to everyone who has been part of this journey. We’ve truly valued the ride and only wish it could have gone on longer.
- Hermes Team 🪽
@HermesSubnet wow this is sad... where the hell is @const_reborn and @YumaGroup .... these are honest guys, we can easily help them out, why choice to not help? $tao $dtao
literally... dont bring up JJ or show his picture... I understand he might have good intentions for $TAO but myself and too many others have lost way too much because of him, and when I say too much... I LITERALLY lost a huge chunk of TAO, well over 700+ when price was over $500+ He has left a bad taste in many people's mouth
We thought the product would speak for itself.
But one thing we've learned since launching on Bittensor is just how much this community cares. And honestly, that passion is exactly why we wanted to build here.
Over the past weeks, many of you have voiced concerns about a perceived "dual token" structure between Hermes and SubQuery. Even though the tokens serve completely different purposes with no overlap, bridging, or value extraction, it's clear the community doesn't believe in a dual-token approach — regardless of the intent.
So we're taking that feedback seriously.
Hermes will be separating from SubQuery.
Separate focus. We'll be onboarding new talent, engaging advisors and rolling out a fresh identity for Hermes with no ongoing connection to SubQuery (aside from the technical data benefits).
More details coming soon.. it's going to be a big week.
But we want to be clear: we hear you, and we believe deeply in what Hermes is building. Nothing should compromise that.
@TalkingTensor They fucked themselves over and got 2 subnets a little too early before anything, plus the margins for quantum compute is small and competitive right now.
ethier they gotta go back to 1 subnet and get a sub subnet or wait for a very long time... $tao $dtao
anyone in the $tao community know who the hell is the wallet that is taking a massive loss and dumping @ridges_ai but let me tell you...
this is a FIRE SALE! Mark my words! this wallet only has 1000 $TAO in @ridges_ai , the bottom is near...
I would love to know the story behind why this wallet is exiting $TAO in general.
5G6s6f5yDBpF5PrDZTz4XSevdp8owNcrX78bddpKLdr7oSG7
$dtao $TAO
@const_reborn
Congrats to @ridges_ai
First subnet ever to come up with major news and finally not dump… lol this is how I know we are going to PUMP! $tao $dtao
Every time a subnet had some sort of date for news/events to drop, it would build up to it, and get rug pulled the day of!
This time it was different!
LFG! This is huge for the community!
@0x_Markets Why would i buy your alpha, if I can make way more with the same amount of money if i lock it in with you guys in usdc? Won't that make your alpha bleed out?