Alpha Tokens
Alpha tokens are the native tokens of Bittensor subnets. Each subnet on the Bittensor network has a tradeable token whose price fluctuates based on subnet demand, performance, and market sentiment.
MegaTAO enables perpetual futures trading on these tokens. You deposit TAO as collateral and take leveraged positions on Alpha token price movements.
Supported Markets
MegaTAO supports perpetual futures on 12 Alpha tokens:
CHUTES
SN64
LIUM
SN51
RIDGES
SN62
TARGON
SN4
VANTA
SN8
AFFINE
SN120
TEMPLAR
SN3
SCORE
SN44
IOTA
SN9
GRADIENTS
SN56
HIPPIUS
SN75
BITMIND
SN34
All markets share the same parameters:
Max Leverage
5x
Maintenance Margin
10%
Trading Fee
0.25%
Collateral
Native TAO
Pricing
Alpha token prices are derived from on-chain pool reserves using a dedicated price oracle contract. The oracle reads directly from Bittensor's Alpha token precompile, ensuring prices reflect actual on-chain liquidity. No off-chain price feeds are used.
One position per market
Each trader can hold at most one position per market at a time. Position IDs are deterministically derived from the trader address and market address.
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