Bittensor’s TAO token rose more than 3% to $220 after Tencent selected the Chutes subnet to launch its new flagship HY4 model. The partnership gives Chutes access to nearly 1.5 billion monthly active users across Weixin and WeChat, while its rates are set at $0.525 per million input tokens and $1.5625 per million output tokens. The Bittensor-based decentralized AI platform Almanac generated $109,440 in fees in October and used all of them to buy back TAO and SN41 Alpha, in addition to the $63,000 already spent by Engy on token buybacks and burns. If more subnets increase revenue and direct it toward similar buybacks and burns, the trend could support demand for TAO and the decentralized AI sector.
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