General Tensor raised $5 million in pre-seed and seed stages โ the money will go towards enhancing infrastructure and internal processes in the Bittensor network ๐ฐ. Simply put, the guys decided to "tighten the screws" in mining and the operation of subnetworks, so that TAO tokens are mined a bit more efficiently and without unnecessary pain for the system โ๏ธ๐.
The idea is simple: the better the infrastructure works, the more stable the tokens are generated, and the stronger the project's position in the Bittensor ecosystem. In crypto, it's somewhat like upgrading a computer โ it looks like nothing has changed on the outside, but everything works faster and generates less heat on the inside ๐ง๐ฅ๏ธ.
The number $TAO is currently behaving quite sprightly: there is a short-term bullish impulse, but the volatility is such that sometimes it seems โ the token drinks too much coffee โ๐. At the same time, indicators are already hinting at overbought conditions, so the market will likely cool down a bit and consolidate somewhere between $198 and $225. In general, it's a classic crypto situation: first everyone runs, then everyone pretends that this was the plan all along ๐ ๐.