BullTensor
TAO $270.35
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.

Locked by the owner
None
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.