Bittensor (TAO) will conduct its first halving next week, between Friday and Sunday (14/12). According to Grayscale Research Analyst Will Ogden Moore, this event could serve as a positive catalyst.
"The early success of several subnet-based applications and increased institutional capital in the Bittensor ecosystem, combined with supply reduction, could be a positive catalyst for prices, in our view," he wrote in Grayscale's official report.
It is known that halving in Bittensor reduces the rate of new TAO token creation on the Bittensor network. Like Bitcoin, TAO has a supply of 21 million and halves its emission rate every four years.
Specifically, the way TAO halving works is that every 12 seconds, one block is completed that generates 1 TAO for miners, validators, subnet owners, and delegators. Thus, this produces 7,200 TAO every day and will decrease to 3,600 TAO.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
