Big buyback update.
About SN19 blockmachine
blockmachine@blockmachine_ioBig buyback update. Buyback #5: $3,964.79 in alpha bought back this month. But we’ve also gone further. We’ve burnt the entire Protocol Stability Reserve: 67.7 TAO / $15,612. We’re now working towards offsetting 100% of miner emissions through burns. This will take some time, building trust with clients isn’t a switch-over product decision. But as a result, we will no longer keep a strategic reserve of revenue received from paying clients. This is the first step.
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 0.009303 τ (≈ $2.86), against 31,069 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 59.00% APR (simple) and 80.32% APY (compounded), emissions add 0.001297 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.