In plain words
Renting computing power (graphics cards) by the hour to run or train AI, like on Amazon Web Services, but from an open network of providers.
Like:


Amazon Web Services, CoreWeave, RunPod
How Bittensor works →
Market cap · 30d
$2.6M
τ9,353.88
6.33% / 24h ↘
24h volume
$0
—
Daily, 24 days
Supply
10.0%
2.1M ᚄ
in circulation, out of 21M max
-
In circulation
2.1M ᚄ · 10.0%
-
In the pool
513K ᚄ · 2.4%
-
Not emitted yet
18.4M ᚄ · 87.6%
Locks
$338.65
0.0% of circulating supply
-
Owner lock
0.00 ᚄ · 0.0%
-
Other holders (1)
273.72 ᚄ · 0.0%
-
Not locked
2.1M ᚄ · 100.0%
∞ Perpetual lock 273.72 ᚄ · ↘ Decaying lock 0.00 ᚄ
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)
$1,603.35
τ5.770 · 1,295.97 ᚄ
Last 30 days
$48K
τ167.89
Last 90 days
$129K
τ556.25
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.
Type
—
Emission auto-lock disabled
Total on the owner hotkey
273.72 ᚄ
∞ 274 · ↘ 0
Wallets locking
1
on the owner hotkey
| Coldkey | Hotkey | Alpha locked |
% circulating | Type | Last update |
|
5HMtFE…eS8CCx
|
owner hotkey |
273.72 ᚄ |
0.01% |
∞ Perpetual |
#8865642
|
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 ᚄ
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.