ForeverMoney Is Bringing TAO to the EVM, and Subnet Tokens Are Next

ForeverMoney has spent the past few weeks quietly working on one of the biggest missing pieces in the Bittensor ecosystem, and that is making TAO easy to access from the chains where most crypto users already live.

In a conversation with Mark Jeffrey on Hashrate, ForeverMoney’s Phil explained why the team moved away from its original Bittensor subnet and is now focused on bringing TAO, and soon subnet tokens, to Base and Robinhood.

They believe users should not need to learn Bittensor’s entire infrastructure just to buy TAO or access its subnet economy.

TAO Is Now on Base and Robinhood

ForeverMoney launched its TAO bridge on Base and, a week later, on Robinhood’s new blockchain ecosystem.

The infrastructure uses Chainlink CCIP, which Phil said was chosen specifically to avoid the security and trust assumptions associated with many earlier bridges.

The contracts are open-source and verifiable, while users can connect an EVM wallet and receive a corresponding “mirror” address for moving TAO between Bittensor and EVM chains.

The team initially deployed around $500,000 of liquidity on each chain, split between TAO and stablecoins. On Base, ForeverMoney is also working with Aerodrome to distribute liquidity incentives to active DeFi participants.

That is the immediate product. But the bigger ambition is distribution.

The Real Problem ForeverMoney Is Trying to Solve

For someone already inside Bittensor, buying a subnet token can be very easy. But for an outsider, it is a completely different story.

A new user may have to find a Bittensor wallet, acquire TAO, move it onto the network, understand staking, find their preferred subnet, and then figure out how to obtain its token.

Phil described the EVM integration as a way to turn that complicated process into something much more familiar. Use the wallet, DEX, and infrastructure you already know, and access Bittensor from there.

Mark Jeffrey called this the “Apple Pay moment” for Bittensor, the point where accessing the ecosystem becomes simple enough that users do not need to understand the machinery underneath it.

Subnet Tokens Are Coming to Base

The biggest announcement on the podcast was when Phil revealed that subnet tokens are coming to Base very soon.

ForeverMoney already has its first subnet planned for the coming week, with the token expected to launch on Base and become available through Aerodrome.

He also said ForeverMoney’s partners had already seen the subnet project and were willing to support the launch.

The team is also preparing to bring more subnet tokens over time.

For users, the proposed experience is radically simpler. Instead of acquiring TAO, navigating Bittensor wallets, and staking to obtain a subnet token, a Base user could use something like USDC to buy that subnet token directly on Aerodrome.

This effectively removes the onboarding friction without removing access to the underlying ecosystem.

TAO Could Become the Reserve Asset for New Tokens

ForeverMoney sees an even bigger opportunity in the relationship between TAO and the tokens being launched across these ecosystems.

On launchpads, new tokens are often paired against major assets. ForeverMoney wants TAO to become one of those assets.

The team has already been experimenting with this model on Robinhood. Phil revealed that ForeverMoney had been whitelisted by the largest launchpad on Robinhood, although the launchpad had not yet formally announced the relationship at the time of the conversation.

If users buy and trade tokens paired with TAO, TAO becomes embedded in more trading activity. If successful projects use TAO as their backing or paired asset, more liquidity and attention can flow toward TAO.

Phil described the long-term vision as expanding the TAO flywheel from Bittensor itself into the wider EVM ecosystem, potentially turning TAO into a kind of reserve or backing asset for projects around the network.

Memecoins Are Part of the Distribution Strategy

The conversation also touched on something neither Phil nor Mark pretended to particularly love: memecoins.

But the point was not that memecoins are inherently valuable. It was that they are where a significant amount of activity and attention is happening on these chains.

If TAO becomes one of the assets paired against new tokens, users who have never interacted with Bittensor can encounter TAO organically while trading.

Phil pointed to Stonk tokens that generate trading fees and use those fees to acquire TAO for holders as an example of how the mechanism could create additional demand for TAO.

In other words, ForeverMoney is treating launchpads not just as speculative venues, but as distribution infrastructure.

Why ForeverMoney Sold Its Subnet

They also touched on an important topic about ForeverMoney no longer owning a subnet

The team originally acquired a subnet slot and built a liquidity-management subnet around it. The idea was to have miners determine efficient liquidity ranges for concentrated-liquidity pools.

But the team eventually concluded that the economics and architecture did not make sense.

Phil said the subnet required substantial emissions while the value created by miners did not justify that cost. There were also trust, speed, and security problems inherent in having miners manage liquidity parameters in a financial application.

So ForeverMoney sold the slot, transferred the owner alpha to the new team, and redirected the TAO generated from the sale toward its new mission.

Phil stressed that the team never sold its owner alpha and said that fact is visible on-chain.

The Takeaway From the Conversation

The most important takeaway is that ForeverMoney is betting that Bittensor does not need to become EVM to reach the EVM economy.

Instead, TAO can travel to where users already are.

Base and Robinhood already have wallets, liquidity, launchpads, DEXs, portfolio trackers, and other familiar infrastructure. By plugging TAO and eventually subnet tokens into that existing stack, ForeverMoney is trying to make Bittensor accessible without asking the rest of crypto to learn how Bittensor works first.

Absolutely worth it to watch further developments closely.

To watch the full conversation, check the YouTube video below: