Why has my tao gone down?
I staked into a subnet, and now my tao has decreased
Why has my tao decreased?
- Make sure there are no transfers
https://taostats.io/account/<YOUR wallet 5xxxx>
- This means no transfers out.
- Staking
- Staking into subnet 0 is safe. There is no chance for your tao's value to decrease.
- Staking into subnets is more risky.. You are buying a different token, whose price can change.
If a subnet has price 0.1, and you spend 10 tao - you will receive 100 alpha.
If the price jumps to 0.2, you can sell your 100 alpha for 20 tao.
If the price drops to 0.05, you can sell your 100 alpha for 5 tao.
Updated 3 days ago