🗳️Governance
Actively participate in TAOevm’s development and earn rewards by staking HOTKEY tokens, with access to reward pools and governance voting rights.
Last updated
Actively participate in TAOevm’s development and earn rewards by staking HOTKEY tokens, with access to reward pools and governance voting rights.
Last updated
Hotkey Foundation is dedicated to enhancing the TAOevm Blockchain ecosystem and its related technologies. Although Hotkey Foundation does not control the TAOevm Blockchain network, it is secured and managed by validators. Hotkey is one of many supporters working tirelessly to improve the ecosystem and drive new technology development for long-term success.
The TAOevm Blockchain community is a diverse group of blockchain developers, Bittensor validators, subnet owners, influencers, and other contributors who share the vision of the TAOevm Network. These individuals from around the world invest their time and energy into supporting and developing the TAOevm Blockchain ecosystem.
To become a TAOevm validator, you must first be a Bittensor subtensor validator or subnet owner. This requirement ensures a high level of security, reliability, and better integration into the Bittensor ecosystem. Validators are essential to the TAOevm chain ecosystem, producing blocks and earning rewards. For further assistance, get in touch with the team through official channels.
The TAOevm network will progressively offer validator slots to Bittensor finney validators and subnet owners. This gradual approach ensures a steady integration and expansion within the Bittensor ecosystem, enhancing network reliability and validator rewards.
Initially, validator slots will be allocated to Bittensor Finney validators and subnet owners. This strategy aims to leverage the existing Bittensor ecosystem’s strengths, ensuring high levels of security, reliability, and integration.
By giving back 100% of the rewards to validators, we aim to make TAOevm a fully integrated Layer 2 project within the Bittensor ecosystem. This approach empowers each validator and subnet with an additional stream of income. If validators choose to share these rewards with their stakers, it could significantly enhance the performance of the Bittensor validators reward system, making the validator staking program more attractive.
Sharing the TAOevm validator rewards with Bittensor Finney stakers or subnet users not only increases the incomes of individual validators and subnets but also boosts the overall attractiveness of the Bittensor Finney staking programs. This could lead to increased Bittensor Finney staking, reduced TAO circulating supply, more robust network security, and higher revenues for subnets, validators, and their stakers and users.
The governance of TAOevm is driven by the HOTKEY token.
By staking HOTKEY, you can actively participate in the development of the TAOevm chain and earn rewards. Staking HOTKEY grants you access to multiple reward pools and governance rights, including the ability to vote on new chain integrations. These reward pools are funded by revenues from Hotkeyswap DEX, the Hotkey subnet, and validators on the TAOevm chain.
The rewards generated by Hotkey and TAOevm validators on the TAOevm chain will be entirely distributed through our HOTKEY staking rewards. Additionally, HOTKEY will serve as the governance token for TAOevm, giving stakers a voice in the network’s future. This dual role of HOTKEY ensures that participants are not only financially rewarded but also have a say in the governance of the network.
By strategically allocating validator slots, ensuring 100% reward distribution to validators, and integrating HOTKEY staking rewards and governance, we aim to create a fully decentralized, secure, and prosperous TAOevm ecosystem within the Bittensor network.
TAOevm is committed to the highest standards of business conduct. We adhere to principles of fairness and impartiality and do not tolerate any form of unethical or unlawful conduct. All inquiries are handled discreetly, with confidentiality maintained within the limits of applicable laws and regulations. Valid reports receive high attention, and the privacy of whistleblowers is protected.
Stay vigilant and do not believe false information. TAOevm and Hotkey reserve the right to address any false propaganda.
The TAOevm network’s robust reward and governance structures are designed to incentivize participation and ensure the network’s integrity. By integrating closely with the Bittensor ecosystem and offering comprehensive rewards to validators, TAOevm aims to create a sustainable and scalable environment for decentralized finance and innovation.
The TAOevm network’s robust reward and governance structures are designed to incentivize participation and ensure the network’s integrity. By integrating closely with the Bittensor ecosystem and offering comprehensive rewards to validators, TAOevm aims to create a sustainable and scalable environment for decentralized finance and innovation.
HOTKEY’s dual role in rewards and governance, coupled with our strategic approach to validator slot allocation and reward distribution, positions TAOevm as a key player in the Bittensor ecosystem. This structure not only drives demand for TAO but also ensures a participatory and rewarding experience for all network participants.