What caused Covenant AI to leave Bittensor?

Covenant AI exited amid incentive misalignments and thinning subnet rewards, seeking better alignment elsewhere — no official drama, but timing fueled rumors.

Did Bittensor actually suspend subnet emissions?

No, co-founder Jacob Steeves explicitly denied it, calling the claims baseless while disclosing minimal token sales.

What happens to TAO token price after this?

Short-term dip from FUD, but resilient if emissions hold steady — watch subnet participation metrics for the real signal.

🔗 Crypto & Blockchain

Bittensor's Steeves Fires Back: No Emissions Freeze, Covenant Exit Wasn't That Bad

Jacob Steeves didn't mince words on X: subnet emissions aren't suspended. But as Covenant AI bolts, questions swirl about Bittensor's core reward mechanics holding up.

Fintech Dose Apr 11, 2026 4 min read

Bittensor co-founder Jacob Steeves on X denying subnet emissions suspension

⚡ Key Takeaways

Steeves denies emissions suspension, reveals token sales under 1% of holdings amid Covenant AI exit. 𝕏
Bittensor's subnet emissions are core to its decentralized AI incentives, vulnerable to key player exits. 𝕏
Echoes early crypto incentive crises; potential for centralization if unaddressed. 𝕏

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#Bittensor #Covenant AI #Jacob Steeves #TAO token #decentralized AI #subnet emissions

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Originally reported by The Block

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