Frequently Asked Questions
Find quick answers to common queries about our services, process, and more.
Taoshi
No. We want to provide as much value to the Bittensor ecosystem as possible.
The current landscape of Bittensor is difficult to navigate for non-technical individuals. If you want to run a miner or validator, it is recommended to learn Python.
We have partners launching automated trading solutions built on PTN, and they'll be onboarding customers.
Proprietary Trading Network
Our Dashboard provides a detailed analysis on PTN's miners.
Currently PTN is on the testnet at netuid 3.
Taoshi is likely to add other tradeable assets to PTN. We consistently evaluate options based on market factors and demand.
Fees are applied per positional level, not per-order basis (when you'd be taking profits).
It is true the current repo doesn't contain a base model. However you can alter the previous model to be a return based model and build a trading strategy on top.
Forex/indices fees are generally lower and based on swap fees. Crypto fees are based on typical exchange fees and funding rates. We recommend reviewing the fees of each market against exchanges, what they typically are, and how they compare against our rates. You'll see strong alignment.
Yes, the floor fee to register will be 5 TAO. We suspect only the best trading strategies will enter due to the nature of the subnet; therefore, we won't see continuous registration pressure. We expect the floor to be the price to enter at most times. Because of this, there needs to be a higher floor fee to disincentivize miners from joining & taking aggressive trading strategies to try and gain an advantage. The goal is to get miners who produce trading strategies with steady gains and proper R/R models.
Incentives are granted every 30 minutes, based on a 30-day rolling lookback period (can be found in the source code). Miners are entitled to receive rewards after closing their first trade.
Immunity allows time for a miner to provide returns. A trader (miner) doesn't necessarily have trades on day 1, it may take a few days to have a viable trade, especially a set of trades to become competitive. The immunity period allows them to enter trades.
You can be eliminated during the immunity period. Elimination is completely separate logic from deregistration. This can be due to exceeding drawdown limits, or being eliminated due to detected plagiarism. Once a miner is eliminated from the network they will need to wait until they are deregistered if they are in immunity to try and rejoin.
Models and strategies are separate. We'll continue to build open source models. Miners & teams should iterate on the base models to generate better models and functional trading strategies.
Time Series Prediction Subnet?
PTN is the next iteration of TSPS. You can now take your prediction models and apply them to make a trading strategy to be used on PTN.
At Taoshi, we deeply value the bittensor ecosystem, and we believe this evolution of TSPS will bring the most value to the entire ecosystem. Here’s why:
PTN generates direct revenue, which is crucial for the community.
Taoshi's Request Network provides immediate value to validators and clients purchasing trading signals.
Miners will address a concrete challenge with return-based rewards for their quant signals
Adding another subnet creates additional congestion, which is not beneficial for the community
This isn't to say TSPS will never exist as an SN in the future, but with the limited number of slots and how important it is to drive as much value as possible now to showcase & drive the value of TAO, evolving TSPS to PTN was clearly best for the network.
Short answer is yes, indirectly. Long answer is that in PTN miners must submit LONG, SHORT, or FLAT orders into the network. The logic for doing this will involve estimations of future prices.
Request Network
Although still under development, users will likely pay per signal.
Miners or validators could, in theory, give away trade signals for free. However, they'd be forgoing likely 6, if not 7 figures worth of potential revenues. All parties are great incentivized to monetize signals on PTN.