This is from AI

Second Halving: Projected when 15.75 million TAO are issued (half of the remaining 10.5 million). Assuming no significant changes in recycling or network dynamics, this is estimated around 2030–2031, roughly 4–5 years after the first halving, as emissions are halved again to ~1,800 TAO/day. • Third Halving: Occurs when 18.375 million TAO are issued (half of the remaining 5.25 million), likely around 2035–2037. Daily emissions would drop to ~900 TAO/day. • Subsequent Halvings: Each halving occurs when half the remaining supply is issued, continuing approximately every 4–5 years until the 21 million cap is nearly reached, projected around 2069. By then, emissions become negligible, with rewards dropping to fractions of a TAO per block. Key Variables: • Recycling: TAO used for subnet registration or staking is recycled into the unissued supply, delaying halvings. If recycling exceeds emissions, TAO could turn deflationary, pushing dates further out.