Bittensor restores the subnet sign up and cancellation mechanism

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On October 16, the OpenTensor Foundation tweeted that Bittensor has restored the subnet sign up and cancellation mechanism, with a subnet limit of 128. New subnets will replace the lowest performing subnets and will have a 4-month immunity period. This update incentivizes subnet teams to prove their value or free up space, enhancing competition and project quality. The TAO from canceled subnets will be proportionally distributed to alpha holders, unlocking TAO that is stranded in inactive liquidity pools and redirecting it to more active areas of the network. New subnet sign ups will incur a destruction cost rather than a locking cost, currently set at 2500 TAO.

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