The Tokenization Process
Last updated
Last updated
Subnet owners lock a portion of their alpha_out emissions into a smart contract, minting SNS tokens that represent proportional governance rights of these flows of emissions.
These tokens are then offered to investors via Taofu’s permissioned launchpad, providing subnet owners with upfront capital. Investors, in turn, receive a token representing proportional governance rights over the subnet’s alpha_out emissions. They can trade these tokens on secondary markets (DEXs).
This process makes subnet ownership liquid and accessible, replacing VC gatekeeping with a permissionless, community-driven model. SNS gives subnet owners a sustainable path to raise capital, while distributing governance to those aligned with their vision.