Bittensor’s eTao & Gamma + SN4 Targon Revenue, Buybacks & Roadmap
About SN4 Targon
Bittensor’s protocol is evolving—and Targon is opening up about its business. In Novelty Search #92, Const joins Rob and Matt from Targon in Austin, alongside Mark Jeffrey and Mogmachine, to explore eTAO, Gamma and greater flexibility for subnet economics. The conversation covers proposed changes to miner, validator and owner emissions, how Gamma could connect applications with compute and storage across Bittensor, and what these changes could unlock for builders. Then we dive into Targon: its new revenue dashboard, infrastructure roadmap, Targon Tower plans and the team’s approach to reinvestment and token buybacks. CHAPTERS 00:00 Welcome & joining Targon in Austin 02:05 AI hardware at home & supplying compute 03:18 Introducing eTAO 04:05 Protocol changes: flexible subnet emissions 07:36 Why change subnet economics? 10:21 Building apps with eTAO, Gamma & subnet services 25:12 Mogmachine on Gamma, margins & buy pressure 30:01 Does eTAO introduce another token? 31:01 Protocol questions & constraints 40:53 AI development & Bittensor’s network advantage 45:04 Targon updates & merch 46:48 Revenue dashboard & transparency 49:08 Miner requirements & managed compute supply 51:41 Targon’s roadmap: hosting, databases & Kubernetes 56:43 Targon Tower & home AI hardware 59:28 Buybacks versus reinvesting in growth 1:04:31 Token holders, profits & buyback commitments 1:07:40 Expanding on-demand GPU capacity 1:08:53 Closing thoughts Subscribe for more Novelty Search conversations with the people building on Bittensor. #Bittensor #Targon #NoveltySearch
Watch the video on Opentensor YouTube ↗
SN4 Targon at a glance
SN4, Targon (α token δ), 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 0.051650 τ (≈ $15.01), against 133,907 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 32.20% APR (simple) and 37.98% APY (compounded), emissions add 0.006801 τ to the pool each block, epochs run every 360 blocks. It was registered at block #1,411,451.
More from SN4 Targon
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.