Bittensor (TAO) - First Halving Event Expected: December 10-13, 2025 Halving Mechanism: Daily emissions will drop from 7,200 TAO to 3,600 TAO, cutting the supply growth rate in half. Trigger Condition: Automatically triggered when cumulative mining reaches 10.5 million TAO (50% of total supply). Block rewards will decrease from 1 TAO to 0.5 TAO, using an automated mechanism with no manual intervention required. Current staking rate is approximately 86.5%, with only 13.5% in circulation—liquidity is extremely tight.