With the amount of new subnets being added it can be hard to get up to date information across all subnets, so data may be slightly out of date from time to time
With the amount of new subnets being added it can be hard to get up to date information across all subnets, so data may be slightly out of date from time to time
Bittensor Subnet 63, known as Alpha Trade Exchange, is a specialized subnet within the Bittensor ecosystem designed to incentivize and promote liquidity across alpha token pools, which are subnet-specific tokens within the Bittensor network. Alpha tokens are created when TAO holders stake their TAO into a subnet’s reserve, receiving the subnet’s alpha token in return, with the price determined by the ratio of TAO to alpha in the reserve. The primary function of Alpha Trade Exchange is to enhance the trading efficiency and liquidity of these alpha tokens, creating a decentralized marketplace where miners can trade them and earn rewards based on their trading performance. This is crucial for the Bittensor ecosystem because alpha tokens represent the economic value of each subnet, and their liquidity directly impacts the network’s ability to allocate resources effectively through mechanisms like Dynamic TAO, where subnet emissions are influenced by the stabilized token price.
By facilitating trading, Alpha Trade Exchange ensures that alpha tokens can be easily bought, sold, or swapped, making the ecosystem more fluid and responsive to market dynamics. The subnet operates by rewarding miners for their trading activities, focusing on passive participation where miners’ trades are tracked by their coldkeys. Alpha Trade Exchange is a “game-changer for alpha token trading,” due to its role in providing a transparent and incentivized trading environment that supports the broader Bittensor economy.
Bittensor Subnet 63, known as Alpha Trade Exchange, is a specialized subnet within the Bittensor ecosystem designed to incentivize and promote liquidity across alpha token pools, which are subnet-specific tokens within the Bittensor network. Alpha tokens are created when TAO holders stake their TAO into a subnet’s reserve, receiving the subnet’s alpha token in return, with the price determined by the ratio of TAO to alpha in the reserve. The primary function of Alpha Trade Exchange is to enhance the trading efficiency and liquidity of these alpha tokens, creating a decentralized marketplace where miners can trade them and earn rewards based on their trading performance. This is crucial for the Bittensor ecosystem because alpha tokens represent the economic value of each subnet, and their liquidity directly impacts the network’s ability to allocate resources effectively through mechanisms like Dynamic TAO, where subnet emissions are influenced by the stabilized token price.
By facilitating trading, Alpha Trade Exchange ensures that alpha tokens can be easily bought, sold, or swapped, making the ecosystem more fluid and responsive to market dynamics. The subnet operates by rewarding miners for their trading activities, focusing on passive participation where miners’ trades are tracked by their coldkeys. Alpha Trade Exchange is a “game-changer for alpha token trading,” due to its role in providing a transparent and incentivized trading environment that supports the broader Bittensor economy.
The product of Subnet 63, Alpha Trade Exchange, is a decentralized trading platform integrated into the Bittensor network, specifically designed to enhance liquidity and trading efficiency for alpha tokens across various subnets. The “build” is a protocol where miners participate in trading alpha tokens, and validators evaluate their performance to distribute TAO rewards, creating a competitive marketplace that encourages active trading and liquidity provision. As detailed on alphatraderexchange.com, the subnet’s primary goal is to ensure that alpha token pools—representing the economic value of each subnet—are liquid and tradeable, which is essential for Bittensor’s Dynamic TAO mechanism, where subnet emissions are adjusted based on the market value of alpha tokens. Miners in Alpha Trade Exchange have a uniquely passive role: they trade alpha tokens using their coldkeys, and their trading performance is tracked over a period (e.g., three days), with rewards calculated based on weighted returns. For example, GitHub provides a sample calculation where a miner’s total weighted return over three days is 9.46, resulting in an average weighted return of 3.21, which is then normalized with other miners’ scores to determine TAO rewards. Key features of the Alpha Trade Exchange build include:
GitHub also notes that only subnets 1-74 are currently tradeable due to liquidity constraints, but this will adjust dynamically as pool sizes grow, indicating a system designed to scale with the ecosystem. Community discussions on Bittensor’s Discord suggest that Alpha Trade Exchange could eventually support trading of other assets, potentially integrating with external decentralized exchanges (DEXs) to further enhance liquidity.
Technical Architecture
The technical architecture of Alpha Trade Exchange (Subnet 63) is a carefully designed system that integrates trading mechanisms with Bittensor’s decentralized framework, ensuring scalability, transparency, and efficiency. The subnet operates with up to 256 nodes (neurons), with 64 slots reserved for validators and the rest for miners, following Bittensor’s standard structure. Miners participate by trading alpha tokens, using one hotkey per coldkey to avoid redundancy, which warns that multiple hotkeys per coldkey result in wasted efforts since trades are tracked by coldkeys. Validators monitor these trades, evaluating performance over a set period (e.g., three days) by calculating weighted returns, which are then normalized across all miners to determine TAO rewards. The evaluation process involves:
The subnet connects to the Subtensor blockchain via the Bittensor SDK, enabling miners and validators to register, stake TAO, and log their activities, while trading activities occur off-chain for speed, with results recorded on-chain for transparency. The alphatraderexchange.com website indicates that the system is designed to be permissionless, allowing anyone to join as a miner or validator, and it leverages Bittensor’s parallel processing capabilities to scale across a global network of participants. Subnet 63 uses a lightweight architecture, likely relying on standard Bittensor libraries for blockchain interactions and custom scripts for trade tracking, ensuring efficiency. The subnet may incorporate APIs to fetch real-time alpha token prices from the Subtensor chain, enabling accurate performance evaluations. This hybrid architecture—combining off-chain trading with on-chain validation—ensures Alpha Trade Exchange can handle the dynamic demands of a decentralized trading environment while maintaining fairness and transparency.
The product of Subnet 63, Alpha Trade Exchange, is a decentralized trading platform integrated into the Bittensor network, specifically designed to enhance liquidity and trading efficiency for alpha tokens across various subnets. The “build” is a protocol where miners participate in trading alpha tokens, and validators evaluate their performance to distribute TAO rewards, creating a competitive marketplace that encourages active trading and liquidity provision. As detailed on alphatraderexchange.com, the subnet’s primary goal is to ensure that alpha token pools—representing the economic value of each subnet—are liquid and tradeable, which is essential for Bittensor’s Dynamic TAO mechanism, where subnet emissions are adjusted based on the market value of alpha tokens. Miners in Alpha Trade Exchange have a uniquely passive role: they trade alpha tokens using their coldkeys, and their trading performance is tracked over a period (e.g., three days), with rewards calculated based on weighted returns. For example, GitHub provides a sample calculation where a miner’s total weighted return over three days is 9.46, resulting in an average weighted return of 3.21, which is then normalized with other miners’ scores to determine TAO rewards. Key features of the Alpha Trade Exchange build include:
GitHub also notes that only subnets 1-74 are currently tradeable due to liquidity constraints, but this will adjust dynamically as pool sizes grow, indicating a system designed to scale with the ecosystem. Community discussions on Bittensor’s Discord suggest that Alpha Trade Exchange could eventually support trading of other assets, potentially integrating with external decentralized exchanges (DEXs) to further enhance liquidity.
Technical Architecture
The technical architecture of Alpha Trade Exchange (Subnet 63) is a carefully designed system that integrates trading mechanisms with Bittensor’s decentralized framework, ensuring scalability, transparency, and efficiency. The subnet operates with up to 256 nodes (neurons), with 64 slots reserved for validators and the rest for miners, following Bittensor’s standard structure. Miners participate by trading alpha tokens, using one hotkey per coldkey to avoid redundancy, which warns that multiple hotkeys per coldkey result in wasted efforts since trades are tracked by coldkeys. Validators monitor these trades, evaluating performance over a set period (e.g., three days) by calculating weighted returns, which are then normalized across all miners to determine TAO rewards. The evaluation process involves:
The subnet connects to the Subtensor blockchain via the Bittensor SDK, enabling miners and validators to register, stake TAO, and log their activities, while trading activities occur off-chain for speed, with results recorded on-chain for transparency. The alphatraderexchange.com website indicates that the system is designed to be permissionless, allowing anyone to join as a miner or validator, and it leverages Bittensor’s parallel processing capabilities to scale across a global network of participants. Subnet 63 uses a lightweight architecture, likely relying on standard Bittensor libraries for blockchain interactions and custom scripts for trade tracking, ensuring efficiency. The subnet may incorporate APIs to fetch real-time alpha token prices from the Subtensor chain, enabling accurate performance evaluations. This hybrid architecture—combining off-chain trading with on-chain validation—ensures Alpha Trade Exchange can handle the dynamic demands of a decentralized trading environment while maintaining fairness and transparency.
Alpha Trade Exchange (Subnet 63) is developed by Nickel5. Nickel5-Inc appears to be a technology-focused group with a mission to enhance the Bittensor ecosystem through innovative economic mechanisms, as evidenced by their work on Alpha Trade Exchange and the professional presentation of their website, alphatraderexchange.com. The website highlights the team’s goal of creating a “transparent and incentivized trading environment,” suggesting a group with expertise in blockchain technology, decentralized finance (DeFi), and economic modeling. Nickel5-Inc has been active in the Bittensor community, with mentions on Taostats.io, where Subnet 63 is listed among active subnets with growing emissions.
The project’s GitHub repository is well-maintained, with detailed documentation, setup guides, and important information for miners (e.g., the one-hotkey-per-coldkey rule), reflecting a team with strong software engineering skills. Community discussions on X praise the subnet’s launch as a “game-changer,” suggesting that Nickel5-Inc’s work has garnered significant attention within the ecosystem. Nickel5-Inc has been engaging with the community, providing updates and support for Alpha Trade Exchange, which indicates a team dedicated to transparency and collaboration. The team’s focus on alpha token liquidity and their plans to partner with an external exchange, as mentioned in GitHub, suggest a group with deep technical expertise, likely including blockchain developers, DeFi specialists, and economic researchers.
Alpha Trade Exchange (Subnet 63) is developed by Nickel5. Nickel5-Inc appears to be a technology-focused group with a mission to enhance the Bittensor ecosystem through innovative economic mechanisms, as evidenced by their work on Alpha Trade Exchange and the professional presentation of their website, alphatraderexchange.com. The website highlights the team’s goal of creating a “transparent and incentivized trading environment,” suggesting a group with expertise in blockchain technology, decentralized finance (DeFi), and economic modeling. Nickel5-Inc has been active in the Bittensor community, with mentions on Taostats.io, where Subnet 63 is listed among active subnets with growing emissions.
The project’s GitHub repository is well-maintained, with detailed documentation, setup guides, and important information for miners (e.g., the one-hotkey-per-coldkey rule), reflecting a team with strong software engineering skills. Community discussions on X praise the subnet’s launch as a “game-changer,” suggesting that Nickel5-Inc’s work has garnered significant attention within the ecosystem. Nickel5-Inc has been engaging with the community, providing updates and support for Alpha Trade Exchange, which indicates a team dedicated to transparency and collaboration. The team’s focus on alpha token liquidity and their plans to partner with an external exchange, as mentioned in GitHub, suggest a group with deep technical expertise, likely including blockchain developers, DeFi specialists, and economic researchers.
Keep ahead of the Bittensor exponential development curve…
Subnet Alpha is an informational platform for Bittensor Subnets.
This site is not affiliated with the Opentensor Foundation or TaoStats.
The content provided on this website is for informational purposes only. We make no guarantees regarding the accuracy or currency of the information at any given time.
Subnet Alpha is created and maintained by The Realistic Trader. If you have any suggestions or encounter any issues, please contact us at [email protected].
Copyright 2024