KR1 plc's $TAO position is small, about $1.25M against a $2.9B market cap.
About SN128 ByteLeap
byteleap.ai@byteleap_aiKR1 plc's $TAO position is small, about $1.25M against a $2.9B market cap. What matters is that a listed company is willing to disclose its holding and an estimated yield of about 6.6%. That lets traditional investors understand $TAO in a way they already know. Whether corporate treasuries keep coming depends on whether the base rules stay stable and predictable: root staking yield, unbonding terms and the emission curve. KR1 will not be the last. It will be the one other listed companies watch.
Quoted post
RNS: Launch of Bittensor Infrastructure Operations KR1 plc today announces the launch of Technology Infrastructure operations on @bittensor, enabled by recent acquisitions of TAO, the network’s native digital asset. Over recent months, the Company has acquired 5,000 TAO and launched staking operations on Bittensor as part of its Technology Infrastructure strategy. These activities advance KR1’s mission to unlock public-market access to productive digital assets and the onchain infrastructure driving the convergence of AI and crypto.
SN128 ByteLeap at a glance
SN128, ByteLeap (α token න), 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 0.002630 τ (≈ $0.61), against 3,926 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 1.32% APR (simple) and 1.33% APY (compounded), emissions add 0.000058 τ to the pool each block, epochs run every 360 blocks. It was registered at block #5,856,038.
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More from SN128 ByteLeap
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.