128 $TAO subnet alpha tokens. Tokens with the lowest emission will be delisted when new subnet listings happen(always check prune ranking). A new subnet needs to lock around 1.3K TAO to register. Subnet tokens are called alpha tokens. Each alpha token’s market price is decided based on TAO in the subnet reserve versus alpha tokens in the subnet reserve. That simply means more people staking and swapping TAO to get alpha tokens will push the price higher. A higher price will help a subnet get a bigger share from the daily TAO emission, which is going to be reduced by half in the next two months. Miners also want to make sure they allocate their computing resources to those subnets that can survive the initial disruption the halving will cause. They might move their resources towards subnets that have already reached product–market fit with revenue. While the subnet trenches will be looking to ape into alpha tokens and create speculative demand around them by talking about use cases, teams and other points that build hype around those alpha tokens to drive more demand, which could convert into higher price growth. It is more like thousands of people talking and discussing 20 to 30 subnet tokens right now, and as more people get exposed to the TAO subnet ecosystem, the community will become even bigger. But that will also invite less informed participants, and that clearly gives an advantage to early community members who understand the game well, while latecomers might end up becoming exit liquidity for them. If you are someone who is getting FOMO about entering the subnet ecosystem, it is not as easy as you think. These are not memes, and you cannot be passive when betting on them. You really need to understand the use cases behind the subnets you are looking into. You need to watch videos, read docs and discuss with the community to understand what you are betting on. In simple words, not every game is worth playing for everyone. Either you are really open to consuming a constant stream of insights related to subnets and become confident in your own knowledge after going deep into the rabbit hole, or you simply do not become part of it. I know 90% of you reading this are always looking for spoon-feeding, so this is not for you. Even if you want to participate, stick to the top five subnets by emission. Do not lose your TAO thinking you will make more just because some shillers are telling you to buy subnet alpha tokens.