Driven by Gravitation and Magnetism: The Battle Between the Forces of Good and Evil on ‘TAOS’…
About SN79 MVTRX
Driven by Gravitation and Magnetism: The Battle Between the Forces of Good and Evil on ‘TAOS’ Artificial Exchange Markets thrive on significant news, the fundamentals, making asset prices to gravitate towards their true values. Markets are also driven by fear and greed, the “animal spirits” as John M. Keynes famously called them. These opposing forces represent the Good and Evil, the Ying and Yang of how and why prices react to expectations of expectations at exchanges. But as Light and Dark, they are all inseparable, “interdependent parts of a greater whole, where neither is inherently better or worse, but both are necessary for balance.” This duality makes for the “Strange case of Dr. Jekyll and Mr. Hyde” that all traders — quantitative or qualitative — battle with to maximize their profits. To uncover the secrets of duality, one must either observe it for a long time (nearly impossible because institutional structures change over time), or one must be able simulate alternative paths of realization as in The Matrix. To understand how Jekyll and Hyde came to be, to identify them, we must travel across many different simulations of reality — alternative scenarios. This is what we are going to try to explain next. Enter the Matrix of TAOS. On TAOS, which operates as a decentralized artificial, simulated exchange subnet on the Bittensor blockchain, the forces of Good and Evil show up clearly, but not exclusively, in the logic of agent-based model (ABM) agents. The two main agent types that make significant part of the total simulated trading volume and dynamics are (1) fundamental traders who understand the asset’s true value and (2) noise (retail) traders who can get caught up in euphoria or panic. TAOS being a simulation framework that now produces 40 alternative limit-order book (LOB) histories concurrently, the average effects of the battle between gravitation and magnetism are measurable. But similarly to real exchanges, most agents’ actions cannot be controlled:
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SN79 MVTRX at a glance
SN79, MVTRX (α token ي), 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 0.003191 τ (≈ $0.76), against 7,119 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 35.62% APR (simple) and 42.79% APY (compounded), emissions add 0.000134 τ to the pool each block, epochs run every 360 blocks. It was registered at block #5,173,967.
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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.