SUMMARY: This video gives an insight into Bittensor’s Subnet 31, Candles, a community-driven prediction market designed for $TAO holders. Candles allows users to deposit $TAO or subnet “$ALPHA” tokens into public pools and vote on whether the price of $TAO “candles” will go up or down.
Winners share 70% of the pool, often earning 90–110% of their entry fees, creating a gamified alternative to traditional trading. The platform supports multiple revenue streams, including pool fees, membership subscriptions, and protocol treasury allocations, along with token buybacks to reduce sell pressure and strengthen tokenomics.
The video also notes $TAO’s recent price stability, ranging roughly between $280 and $400, and highlights key levels to watch for potential breakout.
With a team experienced in Bittensor mining and plans for expanding prediction markets beyond Bittensor, Candles might offer both a fun and strategic way for the broader community to engage with the ecosystem.
By: Lecks
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