Bittensor “fair launched” (no tokens were pre-mined) in 2021. The supply of Tao is 21,000,000, and there is a halving cycle such that for every 10.5 million blocks, rewards per block halve. Currently, every 12 seconds (one blockstep), a single Tao emits into the network. There will be 64 halving events, with the first occurring in August 2025. Follow this link to view the current supply and block number.

\[ \frac{\sum _{i=0}^{32}210000\left[\frac{50*10^8}{2^i}\right]}{10^8} \]