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Covenant AI, one of the leading subnet developers in the Bittensor network, officially withdrew from the project on April 8, 2026, accusing that the Bittensor governance structure is not truly decentralized as promised. They alleged that one of the founders, Jacob Steeves, has significant control over key decisions, including token issuance and policies, which contradicts the principles of decentralization. $TAO
#GateLaunchesPreIPOS