BittensorTAO

A blockchain that pays TAO to those who run and score AI models in subnets; 21 million cap.

Rank #38Since January 2021

Price on 31 Oct 2026

C$333.73 +23.5% since 31 Jul 2026 · 67.9% below its all-time high

The short version

Bittensor is a network of up to 128 subnets where miners provide AI work and validators score it; new TAO goes 41% to miners, 41% to validators and stakers, 18% to subnet owners. Founded by Jacob Steeves and Ala Shaabana with no premine, it caps supply at 21 million; the first halving in Dec 2025 cut issuance to about 3,600 TAO a day. Grayscale amended its spot TAO ETF filing on 26 Oct 2026. On 31 Oct 2026 one TAO cost C$333.73. From 31 Jul 2026 to 31 Oct 2026 its price changed +23.5% in Canadian dollars, and it was 67.9% below its all-time high of C$1,040 set on 6 Dec 2024.^[1]

Facts checked 2 Nov 2026 · 9 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$687.30 (3 Nov 2025) · low C$207.10 (12 Feb 2026) · -51.5%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$333.34	US$238.78
30 Sep 2026	C$427.88	US$300.57
31 Aug 2026	C$315.37	US$227.44
31 Jul 2026	C$269.90	US$192.39
30 Jun 2026	C$295.88	US$208.22
31 May 2026	C$351.69	US$254.92
30 Apr 2026	C$345.97	US$253.94
31 Mar 2026	C$434.21	US$311.51
28 Feb 2026	C$249.13	US$182.62
31 Jan 2026	C$313.71	US$231.32
31 Dec 2025	C$303.19	US$221.21
30 Nov 2025	C$414.38	US$296.43

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$333.73^[1]
3-month change: +23.5% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 67.9% below its high of C$1,040 (6 Dec 2024)^[1]
Market rank: #38, market value about C$3.9B^[1]
Kind: Native coin · Bittensor (its own Substrate-based network, 'subtensor')
Started: January 2021

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoNew TAO come only from the emission schedule written in the chain's code^[2]

Can anyone freeze or take coins from holders?NoNo freeze or blacklist function found; rules change through network upgrades^{[2, 3]}

Can the token's contract code be changed?Not applicableRuns on its own blockchain; its rules change only through network upgrades

Is the supply capped?Yes21 million maximum enforced by the chain; halvings at 10.5M and 15.75M issued^{[2, 4]}

Any scheduled unlocks in the next 12 months?NoNo vesting or locked allocations^[3]

Does a team or foundation hold over 10% of supply?NoNo premine or team allocation; all TAO is earned by miners, validators and subnet owners^[3]

Do network fees reach coin holders?NoStakers earn new emissions; fees are recycled into unissued supply rather than paid out or burned^[2]

Main network hacked or halted in the past 2 years?NoNo exploit or halt found since Nov 2024; a Jul 2024 wallet drain (US$8M) is older^[5]

Is a regulator or court case targeting the coin itself?NoNo regulator or court case naming TAO or its developers found^[6]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Founders: Jacob Steeves and Ala Shaabana; a fair launch with no premine or investor allocation^{[7, 3]}
Issuance rules: Set in the chain's code: 1 TAO per 12-second block, halving each time half the remaining supply is issued^{[2, 4]}
Emission split: Per subnet: 18% to the subnet owner, 41% to miners, 41% to validators and their stakers^[2]

Supply

In circulation: 11.68M TAO of a 21.00M maximum (55.6%)^[1]
Maximum: 21 million; emission fell to 0.5 TAO per block (about 3,600 a day) at the Dec 2025 halving^{[2, 4]}
Circulating: About 11.68M TAO on 2 Nov 2026^[7]
Recycling: Transaction fees and registration costs are subtracted from issued supply and can be re-emitted later^[2]
Unlocks: None; no vesting or team allocation^[3]

Use and fees

Main use: Staking to validators and subnets, paying subnet registration costs, and governance^{[3, 4]}
Who gets new coins: Miners, validators and their stakers, and subnet owners; fees are recycled rather than paid to anyone^[2]
Holders: KR1 plc began staking 5,000 TAO on 29 Oct 2026, estimating a 6.6% yearly yield^[6]

Trading

Daily trading: About C$253.0M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 6.03% of its market value changes hands each day^[1]
20-week average: 0.9% above its 20-week average price^[1]
1-year change: -54.1% in C$^[1]^[8]

History

Not a forecast

Coins ranked 11-50 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 1,080 cases, 157 coins

46% were higher a year later^[9]

Typical result: Median -6% after a year; 61% higher after two years
Lost half or more: 25% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Grayscale amended its registration for a spot Bittensor ETF (GTAO) on NYSE Arca on 26 Oct 2026; no launch date is set.^[6]
Protocol updates in Sep 2026 (V440, V450) cut emissions to zero for subnets below a demand threshold and capped any subnet at 1/16 of root emissions.^[6]
The Dec 2025 halving reduced daily issuance from about 7,200 to about 3,600 TAO; the next comes when 15.75M TAO have been issued.^{[2, 4]}

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.