GuShiio.com The significance of the whole matter to Bittensor is equivalent to Virtuals Protocol’s launch of the AI Agent LaunchPad in October last year. Since then,$VIRTUAL has increased by more than 50 times.
Author: Strange thinking
Bittensor’s dTAO upgrade has been long-awaited and will finally go online on February 14. What exactly is the dTAO upgrade? You can check out this article “Bittensor in 5 Minutes” by@HelloLydia13
Anyway, for retail investors, the core change is that all the existing 64 subnet projects on Bittensor can be issued in their own currencies. In other words, Bittensor truly has its own ecosystem. It is undoubtedly a huge benefit for $TAO.
The whole thing means to Bittensor, which is almost equivalent to Virtuals Protocol’s launch of the AI Agent LaunchPad in October last year. Since then,$VIRTUAL has increased by more than 50 times.
The dTAO upgrade is equivalent to introducing a market competition mechanism to Bittensor’s Yuma Consensus, which essentially makes the value discovery of subnet projects more decentralized.
The $TAO allocation model originally decided by the root network voting has been changed to allocate based on the value ratio of $TAO and dTAO tokens in each subnet dTAO token pool.$ TAO holders can “vote with their feet” to decide which subnets should receive more $TAO rewards by purchasing subnet tokens.
Which dTAO token is in stronger demand in the market, the subnet represented by this dTAO token will gain a more share of $TAO emissions. Since holders of dTAO tokens will also benefit from this, this will in turn promote market demand for this dTAO token, thus forming a positive flywheel for the value of this dTAO token. Therefore, I want to get a share of the dividends of the rise of Bittensor ecology. Compared to simply holding $TAO, a more exciting way to play is to pledge $TAO to obtain different subnet dTAO tokens (the “pledge” here actually means using $TAO to purchase the corresponding subnet token).
Because the original pledge has changed to a transaction subnet token, the pledge income of $TAO is no longer guaranteed. But if you bet on potential subnet tokens, you can get excess returns. This will attract a lot of hot money and speculators to arbitrate for Bittensor.
As for how to bet on potential subnet tokens, you can look at which subnet currently receives more $TAO emissions.
Derivative investment opportunities also include trading DEX projects that provide dTAO trading platform, including @taodotbot and @HotKeySwap, both old projects that have issued coins for a long time.$ The market value of HOTKEY is only US$5 million, which seems to be only 1/7 of the value of $TAOBOT. The veteran TAO liquidity pledge agreement @TensorplexLabs recently plans to launch its own dTAO trading platform @BackpropFinance.
However, the official tweet does not have much content yet. You can read this for the relevant introduction.
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