Is Bittensor's Halving Bullish?
Breaking down the nuances of TAO's upcoming halving, how some elements may be comparable to Bitcoin's, but how subnets add a level of complexity.
Decentralized AI network, Bittensor, will have its first halving on Sunday.
With tokenomics modeled off Bitcoin’s fixed supply + halving cadence, many are expecting this to be a long-term bullish event given the fundamental effect that reducing supply growth can have on an asset when demand is rising. Concretely, TAO emissions will drop from ~7.2K/day to ~3.6K/day.
But is Bittensor in demand? Let's look. Recently there has been a large institutional push for access to TAO as well as alpha tokens (subnet-specific tokens) as subnets have begun to find product-market fit.
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David Christopher
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
