Introducing the Subnet Growth Model (SGM): kariscrypto.com/sgm my proposal for a standardized subnet valuation methodology. read / download / send for free. the goal of this paper is twofold: 1⃣ to present for comment a simple but reliable subnet valuation methodology that can be used by both institutional and retail investors alike, and 2⃣to encourage subnet ownership teams to present reliable, (eventually) audited financials that can be used to carry out the methodology outlined above, both of which will inspire further confidence in subnet investing at scale. take it. use it. expand it. build on it. just give me reference if you build something cool on the idea; and in the spirit of open-source please keep whatever you build free and open to all. we also have a fun partnership in the works with @TrustedStake to create some automated tooling on a new dedicated url (subnetmodel.ai) coming soon: ✏️ subnet ownership teams will be able to self-report cash flow projections (revenue, expenses, other considerations). 🖥️ as an investor, you will be able to enter your own r (required rate of return as an investor) and g (expected growth rate for a subnet's cash flows) to calculate justified value (fundamental alpha price in USD and alpha/TAO). 💹 we will also pull in auto-feeds for price and alpha outstanding to determine an implied r based on current market price. this will allow you to compare a standardized "yield" for multiple subnets similar to a YTM calc for fixed income securities (see paper and screenshot below). special thanks to @kenjon for help on the sn34 @bitmind case study to test utility 🔥🔥 ken is a legend and to @pr_validator for a series of fun conversations that led to the SGM 🧠🧠 #bittensor#subnetgrowthmodel $TAO $dTAO