The Taofather holds $MOB like everyone else, so the token's 3% tax pays him in TAO every week. That is the tribute. Every week it buys subnet alpha, and that alpha is staked and locked in conviction on Bittensor.
How it works
- The tribute comes in. TAO earned by the tribute wallet, AVfYodu2Re1ZU4R19VudSThJVUptCTQbVm6vDc4ZKiLC, from the same holder tax every $MOB holder earns. That wallet funds the Offering and nothing else.
- The board decides. Each week, every settled job scores its market: the weight of winning protects minus the weight of winning hits. Weight is size multiplied by how far the market moved that player's way from their own entry. Losing calls count for nothing.
- The tribute is spent, all of it. Every subnet with a winning protect shares the week's TAO in proportion to its score. Nothing is held back, nothing is skimmed, and nothing is kept for a better week. The only week the tribute does not go out is a week with no winning protect jobs at all, and then it waits and goes out with the next one.
- It gets locked in conviction. TAO is bridged back to Bittensor and staked into those subnets at pool price. The alpha is then locked in conviction.
The book
This is what the page will show once the Offering is running. Example numbers. Nothing has been bought yet.
| Subnet | TAO in | Alpha held | Avg paid | Price now | Value | Since buy | Why it was bought |
|---|---|---|---|---|---|---|---|
| SN64 chutes | 13.50 | 428.9 | 0.0315 | 0.0347 | 14.88 | +10.3% | Protected twice, right both times |
| SN19 nineteen | 5.40 | 244.3 | 0.0221 | 0.0263 | 6.43 | +19.0% | Crossers took the pot and were proved right |
| SN77 liquidity | 4.10 | 99.5 | 0.0412 | 0.0361 | 3.59 | -12.4% | Protected on thin books. Wrong so far |
| SN4 targon | 2.80 | 180.6 | 0.0155 | 0.0149 | 2.69 | -3.9% | One winning protect, small crew behind it |
| SN102 grail | 3.90 | 438.2 | 0.0089 | 0.0031 | 1.36 | -65.2% | The street called this one badly. It stays on the page |
Every row links to its stake extrinsic. Rows are added, not removed.
Until the board opens
There are no settled jobs yet, so for now the Taofather picks and writes down why. Every week: the amount, the subnets, the reasoning, and the transactions. When the board opens, the reasoning column stops being an opinion and starts being a scoreboard.
What this is not
It is not a fund, not managed money, and not an investment product. Nobody is pooling anything, nobody is subscribing, and there is nothing to withdraw and nothing to redeem. Subnet alpha can go to zero and subnets can be deregistered outright.