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BITTENSOR IS DOING TO AI WHAT BITCOIN DID TO MONEY. Same fixed supply. Same halving schedule. No pre-mine. No VC unlock overhang. Fair launch. Founders stepped down from legal authority in February and handed the keys to the community. Full on-chain governance is live. 68% of supply is staked.... show more

Altcoin Buzz

170,904 subscribers

18,981 次观看 • 6 个月前 •via X (Twitter)

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31 条评论

Talisman 的头像

Talisman6 个月前

Decentralization doesn’t stop at the chain. dTAO subnets extend it.

Charting Wins 🇺🇸 的头像

Charting Wins 🇺🇸6 个月前

#SubnetSummer 2026 SN 105 / BEAM You're early

Altcoin Buzz 的头像

Altcoin Buzz6 个月前

@ChartingFor Subnet ecosystem is still massively underpriced relative to TAO. Combined subnet market cap is only 27% of TAO's cap. Early is an understatement.

Turkey Ball 的头像

Turkey Ball6 个月前

Why gamble on the relevant ecosystem why not pick the plumbing that will manage all the trust of AI, allow cross-chain AI applications to cause an AGI type experience at a fraction of the cost by joining multiple databsets together? @chainlink one $LINK to rule them all and in the data queries bind them!!!

Turkey Ball 的头像

Turkey Ball6 个月前

@ChartingFor @chainlink Interesting I just called it

Charting Wins 🇺🇸 的头像

Charting Wins 🇺🇸6 个月前

@Altcoinbuzzio @chainlink I owned 30,000 LINK under $2 and held to $52. I wouldn’t touch it again

Charting Wins 🇺🇸 的头像

Charting Wins 🇺🇸6 个月前

@Altcoinbuzzio @chainlink Bought on this day. March 12th, 2020

siamkidd 的头像

siamkidd6 个月前

Happy to jump on a livestream or zoom and go through the deeper metrics of Bittensor and the subnets if you wish?

ChrisTheDrummer 的头像

ChrisTheDrummer6 个月前

No VC unlock. No pre-mine. Fair launch. That's the Bitcoin ethos right there. Skeptical on AI narrative tokens generally, but this one's built different.

Altcoin Buzz 的头像

Altcoin Buzz6 个月前

That's exactly why the comparison holds up. Most AI tokens are narrative plays. TAO has Bitcoin-grade tokenomics with actual revenue-generating subnets underneath it. The skepticism is healthy but the structure here is different.

SteveO Says 的头像

SteveO Says6 个月前

THIS I can support because $TAO is the Bitcoin of Ai.

Altcoin Buzz 的头像

Altcoin Buzz6 个月前

Same tokenomics. Same playbook. Except this time you're watching it at $3.2B instead of looking back wishing you bought it.

Bittensor Bull 的头像

Bittensor Bull6 个月前

Definitely. Bittensor $TAO is absolutely the #1 altcoin I'm holding.

Altcoin Buzz 的头像

Altcoin Buzz6 个月前

68% staked. Halving already hit. Subnets generating real revenue. Hard to argue with the setup right now.

Bittensor Bull 的头像

Bittensor Bull6 个月前

Definitely. I think the fact that people (particularly non-crypto people) who've never even heard of Bittensor $TAO before can support the ecosystem by paying for whats been produced by the subnets will also put more and more upwards pressure on price over time.

Jimmy 的头像

Jimmy6 个月前

Rugged ?

ampera 的头像

ampera6 个月前

to the intelligence

Altcoin Buzz 的头像

Altcoin Buzz6 个月前

Decentralized intelligence at that. The subnet economy is just getting started.

Block Muncher 的头像

Block Muncher6 个月前

BAHAHAHAHA. Superb timing. It’s a good project long term. But now isn’t the time to be buying or hodling it.

千(τ)=乇ㄥ τ卂ㄖ乂丨匚ㄖ ᵐᶠᵉʳ🇲🇽 的头像

千(τ)=乇ㄥ τ卂ㄖ乂丨匚ㄖ ᵐᶠᵉʳ🇲🇽6 个月前

Show the normies this:

Turkey Ball 的头像

Turkey Ball6 个月前

$TAO a wild play but why play that when I can use $LINK as a major AI play as well without being locked in?

MRK | ₿ BTC • τ TAO • ʞ KAS 的头像

MRK | ₿ BTC • τ TAO • ʞ KAS6 个月前

🔥✔️

cexscan 的头像

cexscan6 个月前

Interesting thesis, but the supply schedule ain't exactly the same as btc's issuance. We'll see if the community can actually steer this thing to the moon or if it's just another pump and dump fuel.

Altcoin Buzz 的头像

Altcoin Buzz6 个月前

Fixed supply, halving, no VC unlocks, founders stepped away. The difference is this one has revenue-generating subnets underneath it. Pump and dumps don't get Grayscale ETF filings and Jensen Huang endorsements.

Biz 的头像

Biz6 个月前

🥲📉📉📉

NEXORA AI 的头像

NEXORA AI5 个月前

This is useful 🔥

Bull.ICP 的头像

Bull.ICP6 个月前

Bittensor=scam. Do your research

The Man 的头像

The Man6 个月前

TAO has connection with LUNA guys!!! Be cautious!!!

Whale Proje𐤊t 的头像

Whale Proje𐤊t6 个月前

The Bitcoin comparison is a strong narrative, but the tech tells a different story. Bitcoin never had a Master Key or a Triumvirate with final veto power over the community. It’s still a very centralized “trust me bro” model compared to BTC. Also, the “fair launch” doesn’t fix the massive insider hacks ($30M+) we've already seen due to that centralization. Institutional hype is great, but until it can handle more than 12–25 TPS without a foundation kill-switch, it's more like a high-stakes AI startup than a global money standard. #BTC #TAO

梵天TraderClaw 的头像

梵天TraderClaw6 个月前

我早上做空了TAO 以后有机会还会继续买的

Gilles 的头像

Gilles6 个月前

No. Render!

相关视频

$TAO isn't dead. They called it dead at $300. It's at $200 and they're calling it dead again. Here is what the chart is not showing you: $2.2B market cap. $200M+ in 24-hour volume. 11M circulating supply with the halving already executed. 67% of supply staked and locked. Emissions cut in half. 7,200 $TAO per day down to 3,600. Every new subnet requires buying and staking more $TAO to activate. Subnet token valuations already hit $1.5B earlier this year. Grayscale filed for a spot $TAO ETF. Bitwise filed too. Decision window still open. This is not a dead asset. This is a misread asset. Real decentralized compute. Real supply shock mechanics. Real institutional positioning in the background. While the crowd prices it like a hype token that missed its cycle. The gap between on-chain reality and chart noise is not closing slowly. It just widened again. The people calling $TAO dead right now will be explaining themselves when the next catalyst hits. The people who read the docs are already accumulating. Screenshot this. Come back in 3 months. The market still has not priced this in.

$TAO isn't dead. They called it dead at $300. It's at $200 and they're calling it dead again. Here is what the chart is not showing you: $2.2B market cap. $200M+ in 24-hour volume. 11M circulating supply with the halving already executed. 67% of supply staked and locked. Emissions cut in half. 7,200 $TAO per day down to 3,600. Every new subnet requires buying and staking more $TAO to activate. Subnet token valuations already hit $1.5B earlier this year. Grayscale filed for a spot $TAO ETF. Bitwise filed too. Decision window still open. This is not a dead asset. This is a misread asset. Real decentralized compute. Real supply shock mechanics. Real institutional positioning in the background. While the crowd prices it like a hype token that missed its cycle. The gap between on-chain reality and chart noise is not closing slowly. It just widened again. The people calling $TAO dead right now will be explaining themselves when the next catalyst hits. The people who read the docs are already accumulating. Screenshot this. Come back in 3 months. The market still has not priced this in.

2xnmore

22,271 次观看 • 4 个月前

Barry Silbert left Bitcoin to build an entire company around $TAO. Jason Calacanis backed Uber before anyone knew what Uber was. Now he is calling TAO a 200x opportunity over the next 5 to 10 years and putting personal money behind it. Jensen Huang called Bittensor a modern version of folding@home on the All-In Podcast. The CEO of NVIDIA does not name projects casually. Grayscale filed with the SEC to create a TAO trust. The exact same move they made before the Bitcoin ETF got approved. Barry Silbert. Jason Calacanis. Jensen Huang. Grayscale. These are not retail gamblers. These are the people who were sitting in the right rooms before every major shift in crypto and tech history. They are all pointing at the same thing right now. TAO had its first halving 5 months ago. Daily emissions dropped 50% permanently. The supply is contracting. The institutions are arriving. The infrastructure is being built. Most people will understand this after the move.

Barry Silbert left Bitcoin to build an entire company around $TAO. Jason Calacanis backed Uber before anyone knew what Uber was. Now he is calling TAO a 200x opportunity over the next 5 to 10 years and putting personal money behind it. Jensen Huang called Bittensor a modern version of folding@home on the All-In Podcast. The CEO of NVIDIA does not name projects casually. Grayscale filed with the SEC to create a TAO trust. The exact same move they made before the Bitcoin ETF got approved. Barry Silbert. Jason Calacanis. Jensen Huang. Grayscale. These are not retail gamblers. These are the people who were sitting in the right rooms before every major shift in crypto and tech history. They are all pointing at the same thing right now. TAO had its first halving 5 months ago. Daily emissions dropped 50% permanently. The supply is contracting. The institutions are arriving. The infrastructure is being built. Most people will understand this after the move.

2xnmore

25,680 次观看 • 4 个月前

A Bittensor subnet just outscored Claude and Cursor on the SWE benchmark. They spent less than $1 million to get there. Anthropic spent billions. I sat down with Mark Jeffrey, one of the most connected people in the Bittensor ecosystem, and he broke down everything. Here's what most people don't know about TAO. Bittensor takes Bitcoin's mining concept and makes it programmable. Instead of solving meaningless hash puzzles, miners compete on real AI tasks. Best freelancer wins. Blockchain pays them. No company. No CEO. No permission needed. Bitcoin did this for energy. Bittensor does it for talent. The numbers are wild: • Ridges (Subnet 62) built a Claude/Cursor competitor for under $1M • Miners on Ridges were earning $50K per day at peak • The Bittensor network has 128 subnets, each like its own AI startup • Mark says 20-30 of them could become multi-billion dollar companies • Only 20% of TAO is staked in subnets right now • Stakers are earning up to 80% yield on some subnets Mark has been in crypto since 2013. He was in the Ethereum ICO. He's seen every cycle. His take: Bittensor is the most important thing to happen in crypto since Ethereum. He calls TAO the "third great coin" alongside Bitcoin and ETH. The comparison to early Bitcoin is hard to ignore. TAO just had its first halving in December. Same 21 million supply cap. Same post-halving setup. When Bitcoin went through this phase, it jumped from $250 to $10,000. Mark's conservative target for TAO by end of 2026: $3,000. But the real insight was about demand. More subnets means more TAO gets locked up. Subnet cap going from 128 to 256. Staking will absorb most of the supply. And AI agents need crypto to transact. They can't open bank accounts. Bittensor is building the rails for that. Jensen Huang just talked about Templar, a Bittensor subnet, on stage. This isn't theoretical anymore. People are using this stuff. The products on Bittensor are 10 to 100x better than what we saw in early Ethereum. And we're still early.

A Bittensor subnet just outscored Claude and Cursor on the SWE benchmark. They spent less than $1 million to get there. Anthropic spent billions. I sat down with Mark Jeffrey, one of the most connected people in the Bittensor ecosystem, and he broke down everything. Here's what most people don't know about TAO. Bittensor takes Bitcoin's mining concept and makes it programmable. Instead of solving meaningless hash puzzles, miners compete on real AI tasks. Best freelancer wins. Blockchain pays them. No company. No CEO. No permission needed. Bitcoin did this for energy. Bittensor does it for talent. The numbers are wild: • Ridges (Subnet 62) built a Claude/Cursor competitor for under $1M • Miners on Ridges were earning $50K per day at peak • The Bittensor network has 128 subnets, each like its own AI startup • Mark says 20-30 of them could become multi-billion dollar companies • Only 20% of TAO is staked in subnets right now • Stakers are earning up to 80% yield on some subnets Mark has been in crypto since 2013. He was in the Ethereum ICO. He's seen every cycle. His take: Bittensor is the most important thing to happen in crypto since Ethereum. He calls TAO the "third great coin" alongside Bitcoin and ETH. The comparison to early Bitcoin is hard to ignore. TAO just had its first halving in December. Same 21 million supply cap. Same post-halving setup. When Bitcoin went through this phase, it jumped from $250 to $10,000. Mark's conservative target for TAO by end of 2026: $3,000. But the real insight was about demand. More subnets means more TAO gets locked up. Subnet cap going from 128 to 256. Staking will absorb most of the supply. And AI agents need crypto to transact. They can't open bank accounts. Bittensor is building the rails for that. Jensen Huang just talked about Templar, a Bittensor subnet, on stage. This isn't theoretical anymore. People are using this stuff. The products on Bittensor are 10 to 100x better than what we saw in early Ethereum. And we're still early.

Jesus Martinez

73,314 次观看 • 6 个月前

The names buying $TAO right now would surprise most of the market. Retail is still debating whether Bittensor is real. The wallets already answered. Barry Silbert holds roughly $100M in TAO through DCG and built Yuma, an entire incubator dedicated to Bittensor startups. He has compared its potential to early Bitcoin. Jason Calacanis, the early Uber investor, is now a consulting partner at Stillcore Capital, a US hedge fund built exclusively around TAO and subnet tokens. His public call was a potential 200x from a $2.5B market cap. Grant Cardone and Brian Dixon just disclosed TAO buys this week. Chris Miglino’s DNA Fund committed around $50M in compute to mining Bittensor subnets and called decentralized AI possibly bigger than Bitcoin. Polychain and dao5 were positioned years before any of them. Grayscale has already filed for a spot TAO ETF. Now stack what they are actually buying: 21M hard cap, identical to Bitcoin. First halving complete, daily issuance cut from 7,200 to 3,600 TAO. Over 100 live subnets producing real AI services. So who wins here? The people who treated Bittensor like infrastructure and positioned before the ETF decision. Who thinks they win? Everyone calling decentralised AI a fad while billionaires quietly build entire funds around one token. The people who read the docs always buy before the people who read the price. Shoutout Lewis Jackson Jesus Martinez for the excellent breakdown.

The names buying $TAO right now would surprise most of the market. Retail is still debating whether Bittensor is real. The wallets already answered. Barry Silbert holds roughly $100M in TAO through DCG and built Yuma, an entire incubator dedicated to Bittensor startups. He has compared its potential to early Bitcoin. Jason Calacanis, the early Uber investor, is now a consulting partner at Stillcore Capital, a US hedge fund built exclusively around TAO and subnet tokens. His public call was a potential 200x from a $2.5B market cap. Grant Cardone and Brian Dixon just disclosed TAO buys this week. Chris Miglino’s DNA Fund committed around $50M in compute to mining Bittensor subnets and called decentralized AI possibly bigger than Bitcoin. Polychain and dao5 were positioned years before any of them. Grayscale has already filed for a spot TAO ETF. Now stack what they are actually buying: 21M hard cap, identical to Bitcoin. First halving complete, daily issuance cut from 7,200 to 3,600 TAO. Over 100 live subnets producing real AI services. So who wins here? The people who treated Bittensor like infrastructure and positioned before the ETF decision. Who thinks they win? Everyone calling decentralised AI a fad while billionaires quietly build entire funds around one token. The people who read the docs always buy before the people who read the price. Shoutout Lewis Jackson Jesus Martinez for the excellent breakdown.

2xnmore

50,975 次观看 • 2 个月前

Nvidia put $420M into $TAO with 77% of it staked. Polychain added $200M on top of that. Grayscale and Bitwise both filed for spot TAO ETFs in the same quarter. The network generated $43M in real AI revenue last quarter from actual usage, not speculation. Most people are still treating this like a small cap gamble while institutions are treating it like infrastructure. The people who understand what is being built here will not need anyone to explain the price later.

Nvidia put $420M into $TAO with 77% of it staked. Polychain added $200M on top of that. Grayscale and Bitwise both filed for spot TAO ETFs in the same quarter. The network generated $43M in real AI revenue last quarter from actual usage, not speculation. Most people are still treating this like a small cap gamble while institutions are treating it like infrastructure. The people who understand what is being built here will not need anyone to explain the price later.

2xnmore

43,045 次观看 • 5 个月前

$TAO is still being priced like a narrative token. It is not. Right now, the network is running 128 live subnets. Every single one of them settles in and out of TAO. That is not a side feature. That is the entire economic design. When Ridges competes with or outperforms funded labs on real engineering benchmarks, value flows back to TAO. When Chutes serves paid inference, value flows back to TAO. When a new subnet launches and miners compete for emissions, value flows back to TAO. There is no other chain where the success of the applications automatically compounds into the base asset this cleanly. Meanwhile, the market keeps treating every quiet week as proof the thesis is dead. Look at the actual structure: - 21 million hard cap - First halving already done - Daily emissions cut in half permanently - Subnet tokens now appearing on major exchange roadmaps - Barry Silbert, Jason Calacanis, and Grayscale all positioned on the same side of the table This is not a “maybe one day” story. This is a live incentive machine that has already survived its first supply shock and is still producing intelligence that closed labs have to pay real money to match. The people staring at the daily candle are waiting for permission. The people reading the subnet economics already know what the next leg looks like. The people who understood this before the repricing will not need to explain their positioning later.

$TAO is still being priced like a narrative token. It is not. Right now, the network is running 128 live subnets. Every single one of them settles in and out of TAO. That is not a side feature. That is the entire economic design. When Ridges competes with or outperforms funded labs on real engineering benchmarks, value flows back to TAO. When Chutes serves paid inference, value flows back to TAO. When a new subnet launches and miners compete for emissions, value flows back to TAO. There is no other chain where the success of the applications automatically compounds into the base asset this cleanly. Meanwhile, the market keeps treating every quiet week as proof the thesis is dead. Look at the actual structure: - 21 million hard cap - First halving already done - Daily emissions cut in half permanently - Subnet tokens now appearing on major exchange roadmaps - Barry Silbert, Jason Calacanis, and Grayscale all positioned on the same side of the table This is not a “maybe one day” story. This is a live incentive machine that has already survived its first supply shock and is still producing intelligence that closed labs have to pay real money to match. The people staring at the daily candle are waiting for permission. The people reading the subnet economics already know what the next leg looks like. The people who understood this before the repricing will not need to explain their positioning later.

2xnmore

15,082 次观看 • 1 个月前

THIS IS THE ONLY WAY IN BEFORE THE FIRST AI TOKEN ON ROBINHOOD CHAIN GOES LIVE. the page in this clip = the quest. token launch is next week. once it drops, early access is over. 📗 Want to be early? • Complete the quest. Unlock early access before the public launch. • Skip it and you buy after the announcement - same token, wrong side of the wick. → Start the quest: full breakdown in the article below. the crowd's still scrolling. the early ones already opened the tab.

THIS IS THE ONLY WAY IN BEFORE THE FIRST AI TOKEN ON ROBINHOOD CHAIN GOES LIVE. the page in this clip = the quest. token launch is next week. once it drops, early access is over. 📗 Want to be early? • Complete the quest. Unlock early access before the public launch. • Skip it and you buy after the announcement - same token, wrong side of the wick. → Start the quest: full breakdown in the article below. the crowd's still scrolling. the early ones already opened the tab.

Hood AI

65,480 次观看 • 1 个月前

🚨 THE CRASH IS NOT STOPPING AND MICHAEL SAYLOR IS NOW IN REAL TROUBLE. Bitcoin just crashed nearly -5% in 30 minutes. $BTC hit a NEW 21-MONTH LOW. $STRC collapsed to a NEW ALL-TIME LOW. $MSTR is already down over -83% from its peaK. Read that again. Bitcoin is breaking down. STRC is breaking down. MSTR is breaking down. All at the same time. This is no longer just a crypto dump. This is the market starting to ask the question nobody wanted to ask: Could Strategy eventually be forced to sell Bitcoin? Because if liquidity keeps disappearing… Saylor’s Bitcoin empire becomes the next domino. Keep in mind: I’ve called every major market top and bottom for over 10 YEARS. I was one of the only people who called the top in October, and I’ll do it again, that’s literally my job. If you still haven’t followed me, you’ll regret it.

🚨 THE CRASH IS NOT STOPPING AND MICHAEL SAYLOR IS NOW IN REAL TROUBLE. Bitcoin just crashed nearly -5% in 30 minutes. $BTC hit a NEW 21-MONTH LOW. $STRC collapsed to a NEW ALL-TIME LOW. $MSTR is already down over -83% from its peaK. Read that again. Bitcoin is breaking down. STRC is breaking down. MSTR is breaking down. All at the same time. This is no longer just a crypto dump. This is the market starting to ask the question nobody wanted to ask: Could Strategy eventually be forced to sell Bitcoin? Because if liquidity keeps disappearing… Saylor’s Bitcoin empire becomes the next domino. Keep in mind: I’ve called every major market top and bottom for over 10 YEARS. I was one of the only people who called the top in October, and I’ll do it again, that’s literally my job. If you still haven’t followed me, you’ll regret it.

DANNY

120,254 次观看 • 3 个月前

Once the Bitcoin Halving occurs, the potential balance sheet of every Bitcoin miner is cut in half. Companies are doing everything they can to prepare for it, including moving away from crypto and in some cases into an even newer field: AI

Once the Bitcoin Halving occurs, the potential balance sheet of every Bitcoin miner is cut in half. Companies are doing everything they can to prepare for it, including moving away from crypto and in some cases into an even newer field: AI

Bloomberg Crypto

26,071 次观看 • 2 年前

JUST IN: const shares the vision for gamma tokens, usage credits that subnets could fund from a slice of their emissions and spend on compute, inference, and other infrastructure. What this means ⬇️ → Subnets stop being isolated prize pools. They can buy services from one another instead of only competing for $TAO → Gamma is meant to work as a transferable credit, not just another speculative subnet token → Access is designed to reach beyond Bittensor, so outside compute and inference providers could take the same credits → Emissions become operating budget, not only a reward that gets sold into TAO If a subnet can spend what it earns on real work, Bittensor starts looking less like a scoreboard and more like an internal market for intelligence.

JUST IN: const shares the vision for gamma tokens, usage credits that subnets could fund from a slice of their emissions and spend on compute, inference, and other infrastructure. What this means ⬇️ → Subnets stop being isolated prize pools. They can buy services from one another instead of only competing for $TAO → Gamma is meant to work as a transferable credit, not just another speculative subnet token → Access is designed to reach beyond Bittensor, so outside compute and inference providers could take the same credits → Emissions become operating budget, not only a reward that gets sold into TAO If a subnet can spend what it earns on real work, Bittensor starts looking less like a scoreboard and more like an internal market for intelligence.

Intelligence ττ

75,768 次观看 • 10 天前

Most people tracking $TAO are watching the price chart. The ones who are actually ahead are watching the subnets. Here is why subnet growth is the real TAO price driver, and why almost nobody is talking about it correctly. $TAO does not work like most tokens. The price is not driven by speculation alone. It is driven by real network usage tied to AI computing output. Miners, validators, and developers earn TAO based on performance. The more useful the AI output, the more the network rewards it. Subnets are where that output gets produced. Each subnet is a specialised AI marketplace running inside the Bittensor network. One subnet handles language processing. Another handles predictive modelling. Another handles data indexing. Each one is a separate competitive market where AI models compete to produce the best output and earn TAO rewards for doing so. Here is what that means for price: Every new subnet that launches creates a new source of TAO demand. Developers who want to participate need TAO. Users who want access need TAO. Validators who want to secure the subnet need TAO. The token is not optional infrastructure. It is the entry ticket and the reward mechanism for every subnet that runs on the network. Right now, the subnet ecosystem is approaching $1.5 billion in cumulative value. Nearly 70 percent of TAO supply is already staked. Post-halving emissions sit at 3,600 TAO per day, down from 7,200. Supply tightening. Subnet demand is growing. Institutional custody is now live through BitGo and Yuma. Forecasts suggest the subnet ecosystem matures between 2026 and 2028, transitioning from infrastructure development into enterprise adoption. That transition is when decentralised AI stops being a thesis and starts being a cost efficiency argument that businesses make against centralised AI providers. When that argument lands at scale, every subnet on Bittensor becomes a revenue-generating node. Every new enterprise use case becomes a new source of TAO demand. The analysts watching the price chart are looking at the output of this system. The analysts watching subnet growth are looking at the input. Grayscale filed the ETF. BitGo opened the institutional door. The subnets are doing the actual work. Watch the subnets. Who else is tracking this layer?

Most people tracking $TAO are watching the price chart. The ones who are actually ahead are watching the subnets. Here is why subnet growth is the real TAO price driver, and why almost nobody is talking about it correctly. $TAO does not work like most tokens. The price is not driven by speculation alone. It is driven by real network usage tied to AI computing output. Miners, validators, and developers earn TAO based on performance. The more useful the AI output, the more the network rewards it. Subnets are where that output gets produced. Each subnet is a specialised AI marketplace running inside the Bittensor network. One subnet handles language processing. Another handles predictive modelling. Another handles data indexing. Each one is a separate competitive market where AI models compete to produce the best output and earn TAO rewards for doing so. Here is what that means for price: Every new subnet that launches creates a new source of TAO demand. Developers who want to participate need TAO. Users who want access need TAO. Validators who want to secure the subnet need TAO. The token is not optional infrastructure. It is the entry ticket and the reward mechanism for every subnet that runs on the network. Right now, the subnet ecosystem is approaching $1.5 billion in cumulative value. Nearly 70 percent of TAO supply is already staked. Post-halving emissions sit at 3,600 TAO per day, down from 7,200. Supply tightening. Subnet demand is growing. Institutional custody is now live through BitGo and Yuma. Forecasts suggest the subnet ecosystem matures between 2026 and 2028, transitioning from infrastructure development into enterprise adoption. That transition is when decentralised AI stops being a thesis and starts being a cost efficiency argument that businesses make against centralised AI providers. When that argument lands at scale, every subnet on Bittensor becomes a revenue-generating node. Every new enterprise use case becomes a new source of TAO demand. The analysts watching the price chart are looking at the output of this system. The analysts watching subnet growth are looking at the input. Grayscale filed the ETF. BitGo opened the institutional door. The subnets are doing the actual work. Watch the subnets. Who else is tracking this layer?

2xnmore

11,997 次观看 • 5 个月前

$🚨 HERE'S WHY BITCOIN IS DUMPING RIGHT NOW Bitcoin no longer trades like a supply-and-demand asset. What you're seeing right now is NOT normal. It's not "weak hands." It's not sentiment. And it's definitely not retail selling. If you hold crypto today, you MUST read this: This decline didn't start just now. It's been building quietly beneath the surface for years. And now it's accelerating. Here's the reality: The moment supply can be synthetically created, scarcity disappears. And when scarcity disappears, price stops being discovered on-chain and starts being dictated by derivatives. That is exactly what happened to Gold and Silver. And now it's happening to Bitcoin. The original Bitcoin thesis is broken. Bitcoin's valuation was built on two foundations: → A hard cap of 21 million coins → No rehypothecation That framework ended the moment Wall Street layered on top of the chain: → Cash-settled futures → Perpetual swaps → Options → ETFs → Prime broker lending → Wrapped BTC → Total return swaps From that point forward, Bitcoin supply became theoretically INFINITE. Not on-chain. But in price discovery, which is what actually matters. Synthetic Float Ratio (SFR). The metric that explains everything. Once synthetic supply overwhelms real supply, price no longer responds to demand. Wall Street can now trade against Bitcoin. They're not guessing direction. They're doing what they do in every derivatives-dominated market: 1⃣ Create unlimited paper BTC 2⃣ Short into rallies 3⃣ Trigger liquidations 4⃣ Cover lower 5⃣ Repeat This isn't "speculation." It's inventory creation. They've effectively transformed Bitcoin into a market where supply can be created on demand. And they literally print their own Bitcoin out of thin air. One real BTC can now simultaneously support: → An ETF share → A futures contract → A perpetual swap → An options delta → A broker loan → A structured note All at THE SAME TIME. That's six claims on one coin. That is not a free market. That is a fractional-reserve pricing system wearing a Bitcoin mask. But that's only half the story. The other side of this collapse is the AI bubble. The largest liquidity magnet in modern market history. For the last two years, capital has been sucked into ONE narrative. AI → AI infrastructure → AI chips → AI data centers → AI software → AI everything Trillions in market value were created almost overnight. And every speculative dollar has a destination. Money doesn't appear from nowhere. Ignore it if you want, but don't pretend you weren't warned. I've been calling Bitcoin tops and bottoms for over a decade, and I'll do it again in 2026. Follow and turn on notifications before it's too late. You don't want to miss my next call.$

🚨 HERE'S WHY BITCOIN IS DUMPING RIGHT NOW Bitcoin no longer trades like a supply-and-demand asset. What you're seeing right now is NOT normal. It's not "weak hands." It's not sentiment. And it's definitely not retail selling. If you hold crypto today, you MUST read this: This decline didn't start just now. It's been building quietly beneath the surface for years. And now it's accelerating. Here's the reality: The moment supply can be synthetically created, scarcity disappears. And when scarcity disappears, price stops being discovered on-chain and starts being dictated by derivatives. That is exactly what happened to Gold and Silver. And now it's happening to Bitcoin. The original Bitcoin thesis is broken. Bitcoin's valuation was built on two foundations: → A hard cap of 21 million coins → No rehypothecation That framework ended the moment Wall Street layered on top of the chain: → Cash-settled futures → Perpetual swaps → Options → ETFs → Prime broker lending → Wrapped BTC → Total return swaps From that point forward, Bitcoin supply became theoretically INFINITE. Not on-chain. But in price discovery, which is what actually matters. Synthetic Float Ratio (SFR). The metric that explains everything. Once synthetic supply overwhelms real supply, price no longer responds to demand. Wall Street can now trade against Bitcoin. They're not guessing direction. They're doing what they do in every derivatives-dominated market: 1⃣ Create unlimited paper BTC 2⃣ Short into rallies 3⃣ Trigger liquidations 4⃣ Cover lower 5⃣ Repeat This isn't "speculation." It's inventory creation. They've effectively transformed Bitcoin into a market where supply can be created on demand. And they literally print their own Bitcoin out of thin air. One real BTC can now simultaneously support: → An ETF share → A futures contract → A perpetual swap → An options delta → A broker loan → A structured note All at THE SAME TIME. That's six claims on one coin. That is not a free market. That is a fractional-reserve pricing system wearing a Bitcoin mask. But that's only half the story. The other side of this collapse is the AI bubble. The largest liquidity magnet in modern market history. For the last two years, capital has been sucked into ONE narrative. AI → AI infrastructure → AI chips → AI data centers → AI software → AI everything Trillions in market value were created almost overnight. And every speculative dollar has a destination. Money doesn't appear from nowhere. Ignore it if you want, but don't pretend you weren't warned. I've been calling Bitcoin tops and bottoms for over a decade, and I'll do it again in 2026. Follow and turn on notifications before it's too late. You don't want to miss my next call.

0xNobler

41,213 次观看 • 3 个月前

OG Barry Silbert believes #Bittensor has the potential to be bigger than #Bitcoin ⚫️ "When I think about ways that #Bitcoin could be improved upon.. I believe, is to utilize the incentive being paid to #Bitcoin miners to incent an activity beyond just securing the network" "So with #Bittensor, potentially, given that it is identical to #Bitcoin and that it was a fair launch, there was no VC funding or foundation or pre-mine, there was no airdrops, it's capped at 21 million, you have halvings.. it's just like #Bitcoin" "But the difference, and I think kind of the benefit, is the incentive used by #Bitcoin miners is instead being redirected to build out #Bittensor and to incent people to engage" "And from that perspective, there's no reason to believe that #Bittensor could not be as big or even bigger than #Bitcoin" Full #Bittensor documentary dropping October 29, 2025 👇 $TAO

OG Barry Silbert believes #Bittensor has the potential to be bigger than #Bitcoin ⚫️ "When I think about ways that #Bitcoin could be improved upon.. I believe, is to utilize the incentive being paid to #Bitcoin miners to incent an activity beyond just securing the network" "So with #Bittensor, potentially, given that it is identical to #Bitcoin and that it was a fair launch, there was no VC funding or foundation or pre-mine, there was no airdrops, it's capped at 21 million, you have halvings.. it's just like #Bitcoin" "But the difference, and I think kind of the benefit, is the incentive used by #Bitcoin miners is instead being redirected to build out #Bittensor and to incent people to engage" "And from that perspective, there's no reason to believe that #Bittensor could not be as big or even bigger than #Bitcoin" Full #Bittensor documentary dropping October 29, 2025 👇 $TAO

𝗗𝗥𝗘𝗔𝗗 𝗕𝗢𝗡𝗚𝗢

24,786 次观看 • 11 个月前

JUST IN: MARA CEO Fred Thiel says AI pays more than Bitcoin mining. “Today, power is the thing, which is why ourselves and many of our peers have pivoted. Because you get a lot more money per electron if you're doing it for AI than for Bitcoin mining.” “We sit on an asset called land and power, which I can convert to AI, which gives me a much higher return.” Thiel says MARA will not shut down immediately: “We can mine Bitcoin up until the electrons have to be redirected to the data center.” "It starts getting pretty expensive to mine Bitcoin when the alternative use of energy is AI.”

JUST IN: MARA CEO Fred Thiel says AI pays more than Bitcoin mining. “Today, power is the thing, which is why ourselves and many of our peers have pivoted. Because you get a lot more money per electron if you're doing it for AI than for Bitcoin mining.” “We sit on an asset called land and power, which I can convert to AI, which gives me a much higher return.” Thiel says MARA will not shut down immediately: “We can mine Bitcoin up until the electrons have to be redirected to the data center.” "It starts getting pretty expensive to mine Bitcoin when the alternative use of energy is AI.”

Coin Bureau

42,130 次观看 • 2 个月前

BREAKING: Trump called Jensen Huang live on air during the All In Summit. Not a pre-taped message. Not a statement. A live phone call. They aligned on three things: AI is safe, AI is good for jobs, and AI is critical for national security. Trump joked Jensen can build the world's best AI chip but couldn't figure out how to put him on speakerphone. The two most powerful men in the AI supply chain just publicly synced up in real time. This is what policy alignment looks like before it becomes policy. Does this signal a deeper US government push to back Nvidia's AI dominance globally?

BREAKING: Trump called Jensen Huang live on air during the All In Summit. Not a pre-taped message. Not a statement. A live phone call. They aligned on three things: AI is safe, AI is good for jobs, and AI is critical for national security. Trump joked Jensen can build the world's best AI chip but couldn't figure out how to put him on speakerphone. The two most powerful men in the AI supply chain just publicly synced up in real time. This is what policy alignment looks like before it becomes policy. Does this signal a deeper US government push to back Nvidia's AI dominance globally?

Guillermo Flor

20,581 次观看 • 24 天前

People really need to revisit their preconceived notions on $TAO. This week on Steady Lads > Bittensor has "gotten past so many halvenings" / "Overspent its emissions" Bittensor had its first halvening event on Dec. 14, 2025 and will not have another halvening until Dec 2029 as it follows the same halvening schedule at Bitcoin. By this logic Bitcoin also overspent its incentives when it paid 50 BTC a block to people mining on laptops who contribute nothing to the network today. > "Become overly gamified" The point on Bittensor incentives being overly gamified is a fair critique of Bittensor from like 2 years ago, but has not been updated to account for upgrades and subnet improvement. dTAO: made emissions a market based system where subnet owners need to attract investment in order to earn emissions from the chain. Before dTAO subnet owners had to convince top validators to give them emissions. Post dTAO subnet owners need to convince a whole market. Emissions at the subnet level have also become more difficult to earn, not less, as owners refine incentive mechanisms and miner competition rises. But hey if you still think Bittensor is gameable, Bittensor is a permissionless protocol so feel free register a UID and start mining.

People really need to revisit their preconceived notions on $TAO. This week on Steady Lads > Bittensor has "gotten past so many halvenings" / "Overspent its emissions" Bittensor had its first halvening event on Dec. 14, 2025 and will not have another halvening until Dec 2029 as it follows the same halvening schedule at Bitcoin. By this logic Bitcoin also overspent its incentives when it paid 50 BTC a block to people mining on laptops who contribute nothing to the network today. > "Become overly gamified" The point on Bittensor incentives being overly gamified is a fair critique of Bittensor from like 2 years ago, but has not been updated to account for upgrades and subnet improvement. dTAO: made emissions a market based system where subnet owners need to attract investment in order to earn emissions from the chain. Before dTAO subnet owners had to convince top validators to give them emissions. Post dTAO subnet owners need to convince a whole market. Emissions at the subnet level have also become more difficult to earn, not less, as owners refine incentive mechanisms and miner competition rises. But hey if you still think Bittensor is gameable, Bittensor is a permissionless protocol so feel free register a UID and start mining.

Boomer

46,252 次观看 • 1 个月前

🚨: Brad Garlinghouse predicts the total crypto market cap could soar to $5 TRILLION — and if XRP captures its share, it could reach a price of $89 per #XRP!! MASSIVE CAPITAL IS LINING UP TO ENTER THE #XRPL — spearheaded by REAL Token, the initiative set to transform real estate into fully digital, on-chain assets. With a $100B market cap target, REAL has the potential to surge from just $0.043 to a staggering $998.90 — the upside is hard to ignore. 🔗 Grab REAL Token here: ⚠️ PHASE 1 SUPPLY IS BELOW 100 MILLION — PRICE NOW AT JUST $0.035. THE CLOCK IS TICKING TOWARD A MAJOR SUPPLY SHOCK AND SURGE IN VOLUME!

🚨: Brad Garlinghouse predicts the total crypto market cap could soar to $5 TRILLION — and if XRP captures its share, it could reach a price of $89 per #XRP!! MASSIVE CAPITAL IS LINING UP TO ENTER THE #XRPL — spearheaded by REAL Token, the initiative set to transform real estate into fully digital, on-chain assets. With a $100B market cap target, REAL has the potential to surge from just $0.043 to a staggering $998.90 — the upside is hard to ignore. 🔗 Grab REAL Token here: ⚠️ PHASE 1 SUPPLY IS BELOW 100 MILLION — PRICE NOW AT JUST $0.035. THE CLOCK IS TICKING TOWARD A MAJOR SUPPLY SHOCK AND SURGE IN VOLUME!

CryptoGeek

48,331 次观看 • 1 年前

$TAO just reclaimed the #1 AI crypto spot. Most people saw the headline. Almost nobody understands what it means for the price. Here is the data. $NEAR built real infrastructure. Partnerships. Developer activity. A legitimate ecosystem. $TAO just walked past it anyway. Not because of hype. Because Bittensor is the only AI crypto with a functioning marketplace for machine intelligence where supply, demand, and price discovery are all happening on-chain right now. That is not a roadmap. That is a live network. The numbers. 120+ subnets running today. $1.4B+ total ecosystem value. Chutes AI subnet: 150B+ tokens per day. Grayscale GTAO Trust: already live. Single subnet listed on the marketplace at $970,000 asking price. Subnets are becoming assets. The market is starting to price that. What the emission data is telling you. Emission rate is the network's vote on where the most valuable work is being done. When a subnet gains emission share, the collective stake-weighted intelligence of the network has decided that subnet's output is worth more of the TAO supply. Chutes AI gaining emissions while processing 150B tokens daily is not a coincidence. The network is directing capital toward proven output before any headline announces it. Why mainstream money changes everything. James Altucher just launched bluetao. ai, a TAO-powered ChatGPT alternative built directly on Bittensor subnets. He did not just buy the token. He built a product on the network. Products built on a network create structural demand for the native asset. That is how every successful L1 cycle has worked. Bittensor is now getting that builder activity from outside the crypto native world. That is a different signal from a price target tweet. Why $TAO is structurally different. Most AI tokens are betting their chain becomes the preferred environment for AI development. $TAO is not betting on becoming infrastructure. It already is. 120+ subnets running. Miners competing. Validators setting weights. Alpha tokens being priced in real time. The difference between $TAO and every other AI crypto is the difference between a city under construction and a city people are already living in. Van de Poppe said $1,000 to $2,000 in 12 months. He gave you the narrative. The subnet emission data is the mechanism he did not explain. Now you have both. $TAO at $313 with a $3.42B market cap is still early relative to what this network is actually processing. Centralised AI infrastructure companies are valued at hundreds of billions for processing far less novel work than a decentralised intelligence marketplace running 120+ competing subnets simultaneously. The repricing has not happened yet. The subnet marketplace listing at $970,000 is telling you something the price has not caught up to yet.

$TAO just reclaimed the #1 AI crypto spot. Most people saw the headline. Almost nobody understands what it means for the price. Here is the data. $NEAR built real infrastructure. Partnerships. Developer activity. A legitimate ecosystem. $TAO just walked past it anyway. Not because of hype. Because Bittensor is the only AI crypto with a functioning marketplace for machine intelligence where supply, demand, and price discovery are all happening on-chain right now. That is not a roadmap. That is a live network. The numbers. 120+ subnets running today. $1.4B+ total ecosystem value. Chutes AI subnet: 150B+ tokens per day. Grayscale GTAO Trust: already live. Single subnet listed on the marketplace at $970,000 asking price. Subnets are becoming assets. The market is starting to price that. What the emission data is telling you. Emission rate is the network's vote on where the most valuable work is being done. When a subnet gains emission share, the collective stake-weighted intelligence of the network has decided that subnet's output is worth more of the TAO supply. Chutes AI gaining emissions while processing 150B tokens daily is not a coincidence. The network is directing capital toward proven output before any headline announces it. Why mainstream money changes everything. James Altucher just launched bluetao. ai, a TAO-powered ChatGPT alternative built directly on Bittensor subnets. He did not just buy the token. He built a product on the network. Products built on a network create structural demand for the native asset. That is how every successful L1 cycle has worked. Bittensor is now getting that builder activity from outside the crypto native world. That is a different signal from a price target tweet. Why $TAO is structurally different. Most AI tokens are betting their chain becomes the preferred environment for AI development. $TAO is not betting on becoming infrastructure. It already is. 120+ subnets running. Miners competing. Validators setting weights. Alpha tokens being priced in real time. The difference between $TAO and every other AI crypto is the difference between a city under construction and a city people are already living in. Van de Poppe said $1,000 to $2,000 in 12 months. He gave you the narrative. The subnet emission data is the mechanism he did not explain. Now you have both. $TAO at $313 with a $3.42B market cap is still early relative to what this network is actually processing. Centralised AI infrastructure companies are valued at hundreds of billions for processing far less novel work than a decentralised intelligence marketplace running 120+ competing subnets simultaneously. The repricing has not happened yet. The subnet marketplace listing at $970,000 is telling you something the price has not caught up to yet.

2xnmore

12,150 次观看 • 4 个月前

TAO on Solana is not a bridge story. It is a distribution story. Render moved to Solana and ran from under $1 to over $20. But Render was one AI infra use case. TAO is the entire decentralized AI economy. Now put real TAO in front of millions of Phantom users. What happens next? #Bittensor bittensor:native solana:So11111111111111111111111111111111111111112

TAO on Solana is not a bridge story. It is a distribution story. Render moved to Solana and ran from under $1 to over $20. But Render was one AI infra use case. TAO is the entire decentralized AI economy. Now put real TAO in front of millions of Phantom users. What happens next? #Bittensor bittensor:native solana:So11111111111111111111111111111111111111112

Shizzy

13,524 次观看 • 5 个月前

🚨 SEVEN MONTHS AGO BARRY SILBERT SAID $TAO CAN GO 500X. HERE IS WHAT HIS OWN COMPANY HAS DONE SINCE. February 11, 2026. Bitcoin Investor Week. Barry Silbert, founder of DCG and chairman of Grayscale, on stage: "I think a Zcash, I think Bittensor can go up 500x. And so our portfolio is allocated accordingly." Plenty of people say things on stage. What matters is what they do after. So I pulled Grayscale's own daily data for GTAO, the Grayscale Bittensor Trust, and checked. THE CALL CAME NEAR THE BOTTOM Every GTAO share holds a fixed amount of $TAO, 0.01889 today. Divide NAV by that and you get TAO's price from Grayscale's own books. • February 11: NAV $2.81. TAO roughly $147. The lowest NAV of 2026 • September 21: NAV $5.78. TAO roughly $306 • NAV up 22% on September 21 alone, and about 33% since August 31 He said 500x within days of the low. $TAO has roughly doubled since. MORE THAN JUST A PRICE Shares outstanding only rise when accredited investors put new money into the trust. • June 2024 launch: 72,200 • February 2026: 1,907,800 • August 21: 2,474,800 • September 21: 2,845,800 Up 49% this year. Up 15% in the last month. Nearly 40 times the launch count. That money came in while $TAO sat between $150 and $230 and the timeline said it was over. Institutions accumulated through the exact months retail capitulated. THE ETF IS ALREADY FILED On December 30, 2025, Grayscale filed an S-1 with the SEC to convert GTAO into a spot ETF on NYSE Arca under the same ticker. The first proposed US exchange-traded product for $TAO. An amendment has since been filed in 2026. What the filing lays out: • NYSE Arca listing as Grayscale Bittensor Trust ETF • TAO held directly, custodied with Coinbase Custody and BitGo • In-kind creations and redemptions through authorized participants • BNY Mellon as administrator and transfer agent • Staking permitted by the trust documents, pending regulatory clearance Silbert's line when they filed: decentralized AI is developing quickly, and Grayscale is pioneering access. Europe already has TAO products, including a staked TAO ETP on the SIX Swiss Exchange. The US does not. GTAO is first in line. CHANGES THE BUYER On September 21, GTAO closed at $8.55 against $5.78 of underlying TAO per share. A 48% premium. Without redemptions, the OTC trust can drift far from its holdings’ value. An ETF’s creation and redemption mechanism helps keep that gap tighter. Exchange access could also expand eligibility across advisors, retirement platforms and model portfolios. The trust is roughly $16.4 million today. The potential buyer pool is much larger. And DCG’s involvement extends into the network: its company Yuma operates a root validator. The group is pursuing both investment access and participation inside Bittensor. WHAT 500X MEANS From $147, 500x means $73,500 per TAO. Approximately $1.54 trillion at the full 21 million supply. My Take is: • ETF filed, not approved. • GTAO’s premium can collapse even while TAO rises. • The trust charges 2.5% annually, paid through TAO sales. • Through August 31, NAV remained down 37.5% since launch. THE POINT The investment case extends beyond the price chart to who can access $TAO, through which accounts, and at what cost. An ETF would not guarantee demand. It could remove barriers standing between that demand and said asset. The paperwork is important because access changes the buyer. DYOR. I hold $TAO and multiple subnet positions.

🚨 SEVEN MONTHS AGO BARRY SILBERT SAID $TAO CAN GO 500X. HERE IS WHAT HIS OWN COMPANY HAS DONE SINCE. February 11, 2026. Bitcoin Investor Week. Barry Silbert, founder of DCG and chairman of Grayscale, on stage: "I think a Zcash, I think Bittensor can go up 500x. And so our portfolio is allocated accordingly." Plenty of people say things on stage. What matters is what they do after. So I pulled Grayscale's own daily data for GTAO, the Grayscale Bittensor Trust, and checked. THE CALL CAME NEAR THE BOTTOM Every GTAO share holds a fixed amount of $TAO, 0.01889 today. Divide NAV by that and you get TAO's price from Grayscale's own books. • February 11: NAV $2.81. TAO roughly $147. The lowest NAV of 2026 • September 21: NAV $5.78. TAO roughly $306 • NAV up 22% on September 21 alone, and about 33% since August 31 He said 500x within days of the low. $TAO has roughly doubled since. MORE THAN JUST A PRICE Shares outstanding only rise when accredited investors put new money into the trust. • June 2024 launch: 72,200 • February 2026: 1,907,800 • August 21: 2,474,800 • September 21: 2,845,800 Up 49% this year. Up 15% in the last month. Nearly 40 times the launch count. That money came in while $TAO sat between $150 and $230 and the timeline said it was over. Institutions accumulated through the exact months retail capitulated. THE ETF IS ALREADY FILED On December 30, 2025, Grayscale filed an S-1 with the SEC to convert GTAO into a spot ETF on NYSE Arca under the same ticker. The first proposed US exchange-traded product for $TAO. An amendment has since been filed in 2026. What the filing lays out: • NYSE Arca listing as Grayscale Bittensor Trust ETF • TAO held directly, custodied with Coinbase Custody and BitGo • In-kind creations and redemptions through authorized participants • BNY Mellon as administrator and transfer agent • Staking permitted by the trust documents, pending regulatory clearance Silbert's line when they filed: decentralized AI is developing quickly, and Grayscale is pioneering access. Europe already has TAO products, including a staked TAO ETP on the SIX Swiss Exchange. The US does not. GTAO is first in line. CHANGES THE BUYER On September 21, GTAO closed at $8.55 against $5.78 of underlying TAO per share. A 48% premium. Without redemptions, the OTC trust can drift far from its holdings’ value. An ETF’s creation and redemption mechanism helps keep that gap tighter. Exchange access could also expand eligibility across advisors, retirement platforms and model portfolios. The trust is roughly $16.4 million today. The potential buyer pool is much larger. And DCG’s involvement extends into the network: its company Yuma operates a root validator. The group is pursuing both investment access and participation inside Bittensor. WHAT 500X MEANS From $147, 500x means $73,500 per TAO. Approximately $1.54 trillion at the full 21 million supply. My Take is: • ETF filed, not approved. • GTAO’s premium can collapse even while TAO rises. • The trust charges 2.5% annually, paid through TAO sales. • Through August 31, NAV remained down 37.5% since launch. THE POINT The investment case extends beyond the price chart to who can access $TAO, through which accounts, and at what cost. An ETF would not guarantee demand. It could remove barriers standing between that demand and said asset. The paperwork is important because access changes the buyer. DYOR. I hold $TAO and multiple subnet positions.

Andy ττ

17,480 次观看 • 16 天前