Bittensor: real economic demand now offsets 10.9% of TAO issuance
markjeffrey · x · 2026-11-10
A Bittensor retrospective notes that demand from real economic activity now offsets 10.9% of TAO issuance, targeting 100%. Breakdown: team buybacks 4.7%, miner registration 3.2%, subnet registration 2.1%, transaction fees 0.9%, climbing steadily through 2026. TAO trades where it started the year, but the network is structurally very different.
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