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Covenant AI exits Bittensor, TAO drops 15%

AiCoin
AiCoin|4月 10, 2026 02:57
On April 10th, Covenant AI announced its withdrawal from the Bittensor ecosystem, causing a 15% drop in TAO prices. Founder Sam Dare stated in a statement that the company is unable to continue development due to network governance mechanisms that contradict its commitment to decentralization, and accused co-founder Jacob Steeves of attempting to regain control of the subnet.
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