In plain words
Building and improving AI models. Instead of a single lab, people all over the world compete to produce the best model.
Like:


OpenAI, Mistral AI, Hugging Face
How Bittensor works →
Market cap · 30d
$6.43M
τ23.1K
1.25% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
20.3%
4.26M ω
in circulation, out of 21M max
-
In circulation
4.26M ω · 20.3%
-
In the pool
1.86M ω · 8.9%
-
Not emitted yet
14.9M ω · 70.9%
Locks
$0
0.0% of circulating supply
-
Owner lock
150K ω · 3.5%
-
Other holders (0)
0.00 ω · 0.0%
-
Not locked
4.11M ω · 96.5%
∞ Perpetual lock 0.00 ω · ↘ Decaying lock 0.00 ω
Owner on-chain revenue
What the subnet's team earns: 18% of the tokens the subnet creates every day go to it. It's its on-chain salary, visible to everyone.
Per day (current)
$1,955.55
τ7.037 · 1,295.97 ω
Last 30 days
$52.7K
τ185.80
Last 90 days
$146K
τ634.14
Daily revenue in USD (owner emissions × alpha price × TAO/USD of the day).
Alpha locks
on-chain state about 2 hours ago
When a team locks its own tokens, it can't sell them: it's a sign of confidence in its project. Other holders can lock too, behind the team's key.
Locked by the owner
150K ω
3.5% of circulating supply · $227K
Type
∞ Perpetual
Emission auto-lock disabled
Total on the owner hotkey
0.00 ω
∞ 0 · ↘ 0
Wallets locking
0
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5ELutY…7maAuL
Owner
|
5ELAvs…v5WvWX |
150,292.84 ω |
3.53% |
∞ Perpetual |
#8866109
|
See the 2 latest lock events
-
Oct 12 08:35
Alpha lock
50,000.00 ω
5GKsmE…r7x3ds
#9265959
-
Oct 12 08:35
Lock made perpetual
5GKsmE…r7x3ds
#9265959
How it's measured
Alpha locked via Lock / OwnerLock. A perpetual lock (∞) never unlocks; a decaying lock (↘) is released progressively (~130 days). An owner locking its own alpha signals confidence in the project.
Buybacks
Some teams use their revenue to buy back their own token and destroy it ("buyback & burn"): fewer tokens in circulation, like a company buying back its shares.
Burned by the owner (30d)
0.00 ω
The split between buyback & burn, manual burns and emission burns appears once the events of the period are indexed (history scan in progress).
60 days excluded: missing reading, or the counter moved more than the subnet can burn (e.g. runtime migration rewriting it).
TAO spent (all indexed)
τ0
No buyback indexed yet.
How it's measured
On-chain events: AddStakeBurn (buyback & burn), alpha purchases (StakeAdded) and burns/recycles made by this subnet's declared treasury wallets.