The Enigma Thesis: Emission In, IP Out, Royalties In
About SN63 Enigma
Straight answers on the Enigma business model: what collaborators are for (and when a challenge doesn't need one), who actually pays for the IP, how emission becomes a portfolio that pays royalties back into the subnet, the ladder we're climbing rung by rung, and why prize caps move the flywheel.
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SN63 Enigma at a glance
SN63, Enigma (α token س), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.003785 τ (≈ $0.84), against 10,642 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 38.53% APR (simple) and 47.00% APY (compounded), emissions add 0.000256 τ to the pool each block, epochs run every 360 blocks. It was registered at block #4,885,578.
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More from SN63 Enigma
Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.