Imagine 100 successful Bittensor subnets each generating $1M in annual revenue and allocating 50% toward bittensor:native funded alpha buybacks.
That’s $50M in annual external buying pressure for $TAO.
eTAO was a great addition, and I’d genuinely love to see more established subnets setting their owner emissions to 0%, redirecting those rewards toward miners, validators and stakers.
But the real milestone would be seeing subnets consistently buying and burning alpha using revenue earned from actual customers, rather than relying on recycled emissions.
That’s when Bittensor starts looking less like an ecosystem funded by $TAO and more like an economy generating organic demand for $TAO.