Infinite Hash, Subnet 89 on the Bittensor, has exceeded 1,400 TAO in cumulative token buybacks, according to its latest update. The subnet, which integrates Bitcoin mining revenue to repurchase TAO and support its alpha token, reported a daily buyback of 19.53 TAO worth about $6,300 on Sept. 3, pushing the total to 1,444.49 TAO.
This mechanism converts BTC mining proceeds into TAO, which is then used to buy back alpha, aiming to reduce supply and boost holder value in Bittensor’s ecosystem.
While Infinite Hash leads in consistent daily buybacks, other Bittensor subnets are adopting similar holder-support strategies through revenue repurposing or token repurchases:
- Dippy (SN11): Features a token buyback program to reward holders, tied to its roleplay AI services with over 4 million users.
- Targon (SN4): Employs a revenue repurchase mechanism, using all earnings for token buybacks; the latest reported repurchase was $18,000.
- Celium (SN51): Generates significant revenue (projected to be over $11.5M in 12 months) with implied sharing mechanisms for holders in its GPU marketplace operations.
- Bitcast (SN93): Implements buybacks and burns using revenue from its decentralized content creation platform, sharing value with token holders through repurchases.
- Chutes (SN64): Funnels revenue into an auto-staking mechanism to buy back its alpha token, supporting holders via automated repurchases.
- Gradients (SN56): Redirects platform revenue to auto-stake and buy back its alpha token for holder benefits.
- Masa (SN42): Allocates foundation-owned TAO to support its $MASA token via buybacks or distributions.
These initiatives highlight growing efforts within Bittensor to align subnet economics with community incentives amid the network’s expansion
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