Live trackerBlock height + emission re-read from Subtensor mainnet RPC · last update May 24, 2026
MrNasdog Pressure Framework · Tier 1
TAO, monitored: halving in ~10 months.
Highest inflation in the lineup today (~27.4% of circulating). The only programmed structural catalyst in the lineup (BTC-style halving, no governance vote).
Halving cycle 1 progress (Subtensor RPC)
~10.3mo
to first halving · block 8,249,997 → 10,500,000
genesis78.6% through cycle 1block 10.5M (~Q1 2027)
Today
~2.63M / yr
~27.4% of circulating (9.6M)
1 TAO/block × 7,200/day
After H1 (~Q1 2027)
~1.31M / yr
~11.1% of (then ~11.8M) circulating
0.5 TAO/block × 7,200/day
Next 90 days
Pre-halving — structural sell & buy signal for this window
Sell signal
Protocol inflation
~0.66M / 90d
Tag AVesting unlocks
0 (no pre-mine)
OpenTensor + operators
watching
Tag B~0.66M TAO of structural sell pressure / 90d (pre-halving)
Buy signal
Buyback
0
Subnet registration burn
small
Tag AProtocol demand
modest
Tag ABuy ledger small vs. inflation
The full shape (BTC-style emission)
The framework is unfavorable today but the catalyst is the cleanest in the lineup.
- Cycle 1 (now → ~Q1 2027)~2.63M/yr~27%
- Cycle 2 (post-H1, ~2027–2031)~1.31M/yr~11%
- Cycle 3 (post-H2, ~2031–2035)~0.66M/yr~5%
- Cycle 4 (post-H3, ~2035–2039)~0.33M/yr~2.5%
- By H4 (~2039)≈ BTC profile~1%
Confidence. High: block height, emission rate, halving block target — all from the Subtensor mainnet RPC. High: 21M max supply, no pre-mine, no team vesting (per official docs). Not yet pulled: OpenTensor Foundation stake + key operator wallets (needs subnet-aware enumeration). Subnet registration burn rate is real-time per chain and fluctuates with demand.