.@lium_io, a GPU cloud on Bittensor, used its revenue to buy back and burn nearly $2.7M worth of SN51 tokens in under six months.
About SN51 lium.io
Openτensor Foundaτion@opentensor.@lium_io, a GPU cloud on Bittensor, used its revenue to buy back and burn nearly $2.7M worth of SN51 tokens in under six months. A single September transaction accounted for almost $1M. More on Lium’s growth and buybacks:
SN51 lium.io at a glance
SN51, lium.io (α token ת), 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 0.100777 τ (≈ $25.96), against 170,636 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 34.07% APR (simple) and 40.59% APY (compounded), emissions add 0.013999 τ to the pool each block, epochs run every 360 blocks. It was registered at block #3,966,206.
More from SN51 lium.io
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.