Taoshi has shared a major roadmap update for its Proprietary Trading Network (PTN), bringing three important upgrades that expand the subnet into a more advanced and mature trading environment.
These upgrades include support for US equities (stock in companies listed on exchanges within the United States) full limit order execution, and a new system for entity based miners that brings institutional level structure into the Bittensor ecosystem.
What Taoshi Is Building with PTN
Taoshi is developing a decentralized trading intelligence network inside Bittensor. PTN (grounded on Bittensor’s Subnet 08) is a portal where miners create machine learning powered trading strategies and validators evaluate those strategies based on profit, risk management, and consistency.
The best miners earn $TAO rewards while traders gain access to signals and automated executions across markets.
The goal has always been to crowdsource global trading intelligence and reward anyone who can generate real alpha.
PTN already covers markets like Bitcoin, Ethereum, Forex, metals, and major indices. With this update, PTN expands to US equities and pushes further into institutional grade territory.
The Update of the Moment
Taoshi is releasing three large upgrades between late November and February. Each one pushes PTN closer to becoming a complete multi asset trading environment.
Upgrade 01: United States Equities Launch
PTN is adding support for United States stocks and ETFs (exchange traded funds). This transforms the subnet from a crypto-first competition into a multi-asset trading platform.
Key additions include 47 total tickers (spread across 10 technology stocks, 15 stocks across financials, consumer discretionary, and communication services and 22 ETFs that cover all 11 sectors)
To keep things realistic, PTN will support real sizing methods:
a. Order quantity
b. USD notional
c. Portfolio weighting
All orders convert automatically into final share quantities at execution.
Additional mechanics include:
a. Up to two times leverage on long positions
b. Margin loans only when cash is insufficient
c. No short selling in the first version
d. Dividend collection from corporate action feeds
e. Automatic handling of stock splits
f. Trading commission of 0.005 per share
g. 6.6% yearly margin interest applied daily
h. Slippage modeled after real world broker fill behavior
This launch allows miners to develop trading strategies for stocks and exchange traded funds while preparing for entry into Taoshi’s upcoming copy trading product called Glitch Financial.
Upgrade 02: Limit Orders
PTN will now support full limit order placement and execution. This would give miners more control over their entries and exits and moves PTN closer to real market mechanics.
Supported execution types include:
a. Market
b. Limit
c. Limit cancel
Limit order rules:
a. Miners can set limit price, size, and direction.
b. 20 limit orders allowed each minute.
c. 10 unfilled limit orders per pair.
d. 100 total unfilled orders per miner.
e. Orders fill once the limit price is reached.
f. Execution price always matches the miner’s limit price.
g. Partial fills can occur when leverage limits are hit.
h. 30 second minimum interval between executions on the same pair.
i. If a limit price crosses the live market price, the system fills instantly at market.
j. Miners may cancel specific or all open limit orders for a pair.
This feature gives miners precision and discipline, which will become important now that PTN supports equities.
Upgrade 03: Entity Based Miners
Taoshi is introducing a new model that allows organizations or large teams to participate through entity level miner accounts.
This creates a scalable and professional structure similar to proprietary trading firms.
This would be released in two phases.
PHASE ONE: INITIAL ENTITY COMPETITION
The provision for this phase at launch would be the following:
a. 5 entity slots at launch
b. Each entity deposits 2,500 subnet ‘$ALPHA’ token as a participation fee
c. Each entity receives 180-day immunity period
d. After immunity the entity with the lowest assets under management enters probation
e. Remaining in probation for 180 more days leads to elimination and deposit loss
Each entity can operate many sub accounts. These act like individual traders inside the main entity miner.
Sub-account would operate thus:
a. A sub account passes its challenge instantly if it earns 5% while staying within 10% maximum drawdown in 90 days
b. Each sub account can receive up to one hundred thousand dollars in trading capacity
c. Entities earn 5,000 capacity credits for each $ALPHA deposited
d. Assigning capacity reduces the entity’s available balance
e. Up to 500 active sub accounts allowed
f. Rate limits apply per sub account, not per entity
g. Entities may batch orders to reduce validator load
Delivered features already include registration logic, capacity allocation, immunity and probation tracking, performance tracking, and leaderboard visibility.
PHASE TWO: PROMOTIONS AND FUNDING
This introduces a promotion pipeline. Sub accounts that perform well can graduate into fully funded miners.
Promotion rules are carefully spelt out in the roadmap:
a. Sub accounts with $100,000 capacity are measured against the rolling 90-day performance of top miners in their asset class.
b. Successful sub accounts become Alpha Traders in the main competition.
c. Upon promotion, miners receive standardized network funding of $400,000 for a 10% take.
d. The network take is burned, supporting token value.
e. No extra funding beyond the baseline is included in this phase.
Delivered features include the promotion engine, funding distribution, burning logic, and dashboards for tracking progress.
Closing Thoughts
This roadmap update marks one of the largest leaps forward for Taoshi since PTN launched. The addition of equities unlocks a much broader world of trading strategies.
Limit orders bring more structure and realism. Entity based miners introduce an entirely new competitive layer that allows professional teams to enter the network.
Taoshi is building one of the most ambitious trading intelligence systems in the decentralized space. PTN continues to grow into a global platform where machine learning, open competition, and transparent incentives come together to push trading innovation forward.
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