$TAO Halving Shockwave — Will Bittensor’s Economy Survive It?
When Bittensor launched dTAO in February 2025, it introduced one of the most significant tokenomic changes in the network’s history. Alongside Bittensor’s native token, $TAO, each subnet now has its own $ALPHA (subnet token) — effectively creating a dual-emission economy within the Bittensor ecosystem. This system was designed to reward subnet participants while maintaining liquidity….