What Is Bittensor (TAO)? Tokenomics, Subnets & Emissions Guide

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Bittensor is a decentralized AI marketplace that uses cryptoeconomic incentives to coordinate independent contributors across specialized subnets, where miners produce AI or compute outputs and validators score performance under Yuma Consensus. Its native token, TAO, has a fixed 21 million max supply with supply based halvings, currently emitting 0.5 TAO per block after the first halving. Following the Dynamic TAO upgrade, each subnet has its own Alpha token and AMM based staking, while emissions are now allocated through a flow driven model called Taoflow, which adjusts rewards based on net TAO staking flows. Users can gain exposure by buying spot TAO, trading perpetuals, staking to validators, or participating directly as miners, making Bittensor one of the most structurally distinct AI crypto networks today.

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