NIOME Plans Capped GENOME-to-SN 55 Alpha Conviction Swap Ahead of Q4 Migration
About SN55 NIOME
NIOME is piloting a capped GENOME-to-NIOME “conviction swap” to move Base holders into Bittensor Subnet 55 without shocking the alpha pool. The first tranche is limited to 5% of GENOME’s snapshot market cap, and delivers NIOME as locked alpha with decaying conviction.
Read the article at Intelligence — tao.media ↗
SN55 NIOME at a glance
SN55, NIOME (α token ث), 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 0.002240 τ (≈ $0.53), against 6,018 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 35.43% APR (simple) and 42.52% APY (compounded), emissions add 0.000031 τ to the pool each block, epochs run every 360 blocks. It was registered at block #4,703,386.
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More from SN55 NIOME
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.