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BTC $76,768.74 +2.67%
ETH $2,400.28 +2.44%
BNB $639.39 +2.76%
XRP $1.47 +3.94%
SOL $89.58 +4.66%
TRX $0.3242 -0.68%
DOGE $0.1011 +3.82%
ADA $0.2625 +4.43%
BCH $452.72 +2.75%
LINK $9.69 +3.36%
HYPE $44.39 -1.49%
AAVE $117.17 +8.99%
SUI $1.01 +3.27%
XLM $0.1717 +6.10%
ZEC $344.70 +0.11%

emissions

Bittensor co-founder responds to Covenant AI's accusations: no authority to suspend subnet emissions, and the amount sold is less than 1% of the investment

Bittensor co-founder Const (@const_reborn) responded on Twitter to recent allegations regarding Covenant AI. Const stated that he has no authority to pause emissions, and that the previous sale of a portion of alpha positions in three subnetworks was because these subnetworks were not operational and were in a high ratio of code destruction state. The impact of this transaction on emissions is consistent with the buying and selling behavior of ordinary TAO holders, and he does not enjoy any special privileges.Regarding management authority, Const clarified that it was Samuel himself who abandoned his Discord channel, and he did not remove his administrator role; he only temporarily restricted his ability to delete posts that honestly criticize and then restored it. Additionally, he emphasized that the scale of the token sell-off was less than 1% of his total investment in the team, and stated that exercising the rights to buy and sell tokens under the dTao system is fundamental to supporting the operation of the system.According to previous reports from ChainCatcher, the main subnetwork developer on Bittensor, Covenant AI, announced its withdrawal from Bittensor. Covenant AI founder Sam Dare stated that the reason Bittensor attracts builders, miners, validators, and investors into this ecosystem is because of its promise not to be controlled by any single entity. But this promise is a lie.

iZUMi responds: The token incentives for the dual mining pool are distributed at a certain ratio, and the unconsumed emissions will re-enter the mining pool to provide liquidity

ChainCatcher news, multi-chain DeFi protocol iZUMi Finance responded to the accusation from the "Arbitrum ecosystem game MetaLine that it misappropriated mining rewards and sold its tokens." iZUMi pointed out that when collaborating with projects allowed to initiate dual incentive mining activities, the token incentives from the dual mining pool will be distributed at a certain ratio. In this case, the unconsumed emissions will re-enter the mining pool to provide deeper liquidity.The income generated from these unconsumed emissions will be distributed to veiZi holders. This strategy has been running smoothly for over a year on BNB Chain, Arbitrum, and zksync, effectively incentivizing iZi holders to provide liquidity for volatile pools.Previous report indicated that MetaLine discovered through on-chain tracking and monitoring of the iZUMi Finance address (0x00097ed1dAcdbAB9141835852f8de20D690B6f94) that iZUMi Finance misappropriated $10,000 worth of MTG, only incorporating half of the MTG sent by MetaLine into the liquidity mining reward pool. In addition, iZUMi Finance also sold a portion of the MTG (worth over $2,640) that was not included in the liquidity mining reward pool and incorporated these funds into the mining reward pool to continue mining. (Source link)
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