Market cap · 30d
$828K
τ3,062.75
24h volume
$10.7M
τ39.6K
Daily, 24 days
Supply
0.6%
117K र
in circulation, out of 21M max
-
In circulation
117K र · 0.6%
-
In the pool
81.5K र · 0.4%
-
Not emitted yet
20.8M र · 99.1%
Locks
$0
0.0% of circulating supply
-
Owner lock
0.00 र · 0.0%
-
Other holders (0)
0.00 र · 0.0%
-
Not locked
117K र · 100.0%
∞ Perpetual lock 0.00 र · ↘ Decaying lock 0.00 र
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
$50,800.07
τ187.90 · 7,200.00 र
Owner share (18%) / day
$9,143.78
τ33.82 · 1,295.97 र
Last 30 days
$13.3K
τ47.93
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 2 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 र
∞ 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.
$3,978.31 of tokens destroyed since October 11, 2026 (1,107.01 र), i.e. 0.94% of the circulating supply.
No token buyback detected since October 10, 2026: these burns don't come from revenue put back into the project.
Buyback & burn
Manual
Emissions
Total
Dollar value of the tokens destroyed each day (on-chain AlphaAssets.AlphaBurned counter): buybacks at what they really cost, other burns at the alpha's value that day. Grey: counted but not split yet (event history still being indexed). Over 1 year, one bar per week.
- 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.
How it's measured
On-chain events: AddStakeBurn (buyback & burn), alpha purchases (StakeAdded) and burns/recycles made by this subnet's declared treasury wallets.