Last month we burnt the entire Protocol Stability Reserve and called it the first step toward offsetting 100% of miner emissions through…
About SN19 blockmachine
blockmachine@blockmachine_ioLast month we burnt the entire Protocol Stability Reserve and called it the first step toward offsetting 100% of miner emissions through burns. Buyback #6: $7,475.77 bought back and burnt. Up 89% on September. As customer revenue grows, so does the share of miner emissions it offsets.
SN19 blockmachine at a glance
SN19, blockmachine (α token t), 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 0.009007 τ (≈ $2.52), against 30,751 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 58.66% APR (simple) and 79.71% APY (compounded), emissions add 0.001225 τ to the pool each block, epochs run every 7200 blocks. It was registered at block #1,956,072.
More from SN19 blockmachine
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.