Quantoshi
311 posts

Quantoshi
@DangerMouse_888
Just a degen trying to give my opinion. NFA.






I would be curious too, to see the argument that the SN aggregate "prices" can't be > 1 $TAO I say this mostly because in the subnets, the "price" of the token is mostly an artificiality - based on the ratio of alpha/Tao is in the pool, and NOT on the actual circulating supply of the token This was done, as I read the docs, to make sure that the emissions schedule was not distorted So the "price" they are referring to is different from the "value" of the token and therefore they are comparing apples and oranges when they say that the "price" of SNs has to be the same "value" as 1 TAO as an easy example, right now, in SN 4, there are about 104k tokens in circulation, and only 35k in the pool There are about 10k TAO in the pool What is the "price" of SN4 tokens? they say its 0.28T, based on dividing 10k TAO by the number of tokens in the POOL The "value" of SN tokens, however, is 1/3 of that, or less than 0.1 TAO By ignoring the actual number of tokens in circulation, which is kind of .... random because they're completely liquid, the comparisons are skewed IMO If you add them all up, its nowhere near even... 1 TAO at this point - Im attaching a sheet I did a few days ago, and, yes, the aggregate "price" of the top half of the subnets was 1.66T at the time, but the actual VALUE was ... 0.54 - I have not updated this, but it would be interesting to see Please appreciate I am not part of the project, and I haven't read every scrap of paper, so my thinking may be off - if so, I invite correction taostats.io/subnets/4/chart






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