HALVING COUNTDOWN

The Bittensor halving refers to the process of reducing the rate at which new TAO tokens are created within the Bittensor network. This halving event occurs every four years, or more specifically, whenever half of the total TAO supply has been issued. The Bittensor network follows a tokenomic framework similar to that of Bitcoin, with a hard cap of 21 million coins as the maximum supply that will ever be minted and a halving cycle that occurs every four years.  Approximately every 12 seconds, a block is completed, and a reward of 1 TAO is distributed among Miners, Validators, Subnets owners and delegators. This results in the emission of 7,200 TAO daily at the current inflation schedule. As the halving will occur when 10,500,000 TAO tokens are in circulation there might be slight delays to the exact time, however we will make sure this site is 99% accurate. 

TAO is a bit different from BTC in that it is the total token issuance rather than the block number which is used to determine the exact point the halving occurs. 

Recycling of TAO was also implemented to return TAO tokens spent on Miners registration to the pool, which effectively delays the date of the halving event. 

TAO was fair-launched in 2021, with no pre-mined tokens and no pre-sales to VCs, ensuring a transparent distribution process.

The total supply of TAO is fixed at 21 million tokens, similar to Bitcoin's tokenomics. 

TAO tokens are used for incentivizing miners, delegation, governance, transaction fees, and payments within the network.

Learn much more about the Tokenomics at https://opentensor.medium.com/ and about Bittensor at https://bittensor.com/whitepaper