Tokenomics
Learn how tao and alpha tokens are emitted and distributed to participants on Bittensor.
Tao: The emission and distribution of tao into the subnets.
Alpha Tokens: Each subnet has a token that can be purchased with tao.
Subnet Emission: Alpha emission is divided between the participants and the subnet pool.
Halving: Bittensor tokens (tao and alpha) follow the Bitcoin halving schedule.
Recycling: The purchase of a subnet or subnet neurons results in tao/alpah being recycled,
Staking: Buy and sell alpha in each subnet. Or for a safer option, stake into the root subnet.
Definitions:
- ** Max Supply**: total number of tokens that will be issued. For all Subnets and for Tao,this is 21 million.
- Total Supply: Max Supply - burned. WE can never pass total supply, as the remaiuning tokens are burned.
- Burned: Tokens that have been removed from circulation. A burn cannot be reversed - the token is eliminated.
- Recycled: Tokens that have been removed from circulation. These tokens can be issued again.
- Circulating Supply: Token that can be bought or sold.
- For Subnets, this is a sum of alpha in the liquidity pool + all alpha that is staked.
- For tao - this is all free tao and all staked tao.
- Total Issuance: Total of all tokens issued. This is circulating supply + all token that is burned.
Updated 11 days ago