In plain words
AIs that don't just answer but act: write code, do research, complete a task from start to finish, like an autonomous assistant.
Like:


Claude Code, Devin, Cursor
How Bittensor works →
Market cap · 30d
$81.5K
τ348.32
24h volume
$454K
τ1,941.56
Daily, 24 days
Supply
0.1%
25.2K כ
in circulation, out of 21M max
-
In circulation
25.2K כ · 0.1%
-
In the pool
30.8K כ · 0.1%
-
Not emitted yet
20.9M כ · 99.7%
Locks
$0
0.0% of circulating supply
-
Owner lock
0.00 כ · 0.0%
-
Other holders (0)
0.00 כ · 0.0%
-
Not locked
25.2K כ · 100.0%
∞ Perpetual lock 0.00 כ · ↘ Decaying lock 0.00 כ
Daily emissions
Every day the protocol creates new tokens for each subnet and shares them out: 18% to the team (the owner), 41% to the miners who do the work and 41% to the validators who check it, with their stakers.
Emissions per day
$23,262.07
τ99.47 · 7,200.00 כ
Owner share (18%) / day
$4,187.07
τ17.90 · 1,295.97 כ
Last 30 days
$69.7K
τ256.89
Owner
Miners
Validators + stakers
Total
Tokens created each day for this subnet, valued in USD (alpha price × TAO/USD of the day). The chain gives the owner share; miners and validators split the rest evenly.
These are newly created tokens, not sales. A subnet's business revenue (selling its product) happens off-chain: it only shows up here when the team uses it to buy back its own token, see Burns.
Alpha locks
on-chain state 6 minutes 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.
Type
—
Emission auto-lock disabled
Total on the owner hotkey
0.00 כ
∞ 0 · ↘ 0
Wallets locking
0
on the owner hotkey
No lock on this subnet.
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.
Burns
Destroying tokens shrinks the circulating supply, like a company buying back its shares. They come from three sources: buybacks paid with revenue, manual burns and emissions never paid out.
No tokens destroyed since November 03, 2026.
No token buyback detected since November 02, 2026: these burns don't come from revenue put back into the project.
- Buyback & burn
- The team spends TAO to buy its token in the pool and destroys it right away. Usually funded by real revenue.
- Manual burns
- Someone, usually the team, destroys tokens it already holds (often its own emissions) instead of selling them.
- Emission burns
- Emissions that are never paid out: the owner routes the miners' share to a burn address. Less inflation, but also few miners actually paid.
All operations
| Date | Type | Wallet | TAO | Alpha | USD | Block |
| Nov 4, 2026 13:25 |
Alpha purchase |
Owner coldkey
Owner
|
τ86.00 |
14,832.87 כ |
$19,574.46 |
#9432922 |
* burns valued at the alpha price at the time of the block.
How it's measured
On-chain events: AddStakeBurn (buyback & burn), alpha purchases (StakeAdded) and burns/recycles made by this subnet's declared treasury wallets.