Halving is the coming-of-age ceremony of $tao.

The halving event in December 2025 is not only a milestone for token issuance but also a key turning point for Bittensor as it moves from "proof of concept" to "scalable application." Its impact will permeate all levels of technological innovation, economic models, market competition, and ecological governance:

Short term: Miners face income structure adjustments, and the market may experience price fluctuations and hash rate reshuffling.
Medium term: The differentiation among subnets intensifies, and high-quality subnets achieve resource aggregation through a dynamic TAO mechanism, forming a "winner takes all" pattern.
Long-term: If Bittensor can maintain a developer growth of over 50% per year and an expansion of subnet numbers after the Halving, TAO is expected to become the value scale of the decentralized AI economy, with its halving effect surpassing that of Bitcoin, marking a landmark event in the integration of Web3 and AI.
@inspectxyz