Bittensor (TAO) coin follows a halving mechanism as well. Here are some details about the halving of TAO coin:
Total Supply: TAO coin has a pre-programmed total supply of 21 million coins.
Halving Cycle: Every 4 years, the issuance rate of TAO coins will be halved. This means that once half of the supply has been issued, the issuance rate will be reduced by half.
Inflation Reduction: Currently, each mined block awards 1 TAO to miners and validators. At the current inflation schedule, this results in 7200 new TAO being issued every 24 hours, which is currently divided evenly between miners and validators. However, after half of the supply has been issued, the issuance rate will be halved.
Halving Schedule: Here is the halving schedule for TAO coin:
Halving 1 (H1): October 8, 2025
Halving 2 (H2): October 5, 2029
Halving 3 (H3): October 2, 2033
Halving 4 (H4): September 30, 2037
Halving 5 (H5): September 27, 2041
Halving 6 (H6): September 24, 2045
Halving 7 (H7): September 22, 2049
Halving 8 (H8): September 19, 2053
Halving 9 (H9): September 16, 2057
Halving 10 (H10): September 14, 2061
Halving 11 (H11): September 11, 2065
Halving 12 (H12): September 8, 2069
All these halvings will occur based on the total supply of TAO coins, not a specific number of blocks. Each half of the remaining supply will create a new halving event until all 21 million TAO are in circulation.
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