dTAO is coming in 2 weeks

1️⃣ Important change is to miner registrations

Miner reg fees impact subnet values indirectly today, but in dTAO will directly

Miners still pay $TAO to register, but now the subnet token (not $TAO) is bought + recycled.

Here is updated analysis for dTAO 👇

Importance of Registration Fees to Subnet Value
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The network has a limited number of slots that miners can take and if there is a more competitive environment that new miners think they can compete and win in, they are willing to risk the registration costs.

In dTAO, we would want to look at the total TAO value of the subnet token that is bought back, as consistent buying pressure on the subnet token.

Here are the top 10 subnets today for miner registrations in the last 24 hours. All of the top ten have emissions over 1%, but it does not fully align with the top emissions chart.
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Miner registrations show a healthy environment where new miners can come in and compete and are willing to put their risk capital up to prove it. It is also important to look at the incentive curve as well to ensure that top miners get rewarded more heavily than average or below average miners. Would love to hear the community’s thoughts on this.