Tokenomics
Dynamic TAO (“dTAO”) is the 2025 upgrade that gave every Bittensor subnet its own token — called an alpha token — alongside the root‑network token TAO. The change lets value and governance accrue where it is generated (inside subnets) instead of being funnelled only through TAO.
TAO (root token)
Hard‑capped at 21 million with Bitcoin‑style halvings; 1 TAO is still minted every block and shared network‑wide.
Staking TAO into a subnet’s liquidity pool lets you swap it 1‑for‑1 into that subnet’s alpha token; you can swap back at any time via the same pool.
dTAO / alpha tokens
Each subnet mints its own alpha (sometimes written dTAO) with a 21 million cap and the same halving schedule as TAO.
Alpha is the unit used for validator bonding, miner rewards, governance votes, and utility features inside that specific subnet.
Ticker / unicode
ა (“ani”)
Max supply
21 000 000 ა
Distribution
41 % miners · 41 % stakers · 18 % core team
Utility
• validator bonding weight • free‑tier RPC credits when staked
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