SayGMSN28 · Bittensor subnet

0.021584 τ$6.69

24H +1.35%7D -1.56%APR 56.4%

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YOU PAY (τ)

You receive ≈ — α

VALIDATOR

Slippage tolerance

Allow partial fill if price moves past tolerance

Network feeconnect to estimate

Taosis fee (15% of network fee)—

One signature (fee bundled with the swap) — untick if your Ledger refuses it

Signs a price-limited addStake / removeStake on-chain (same AMM as TaoSwap) — the transaction reverts (or partially fills, if allowed) rather than execute past your tolerance. Quote is local XYK. Taosis adds 15% of the network fee, collected in the same transaction — a failed swap charges no Taosis fee.

Drop-in access to Claude, GPT, and Gemini.

SN28, SayGM (α token ד), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.021584 τ (≈ $6.69), against 22,671 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 56.4% APR, emissions add 0.002975 τ to the pool each block, epochs run every 360 blocks. It was registered at block #4,878,363.

New to subnets? What a subnet is · How to use Taosis

Website ↗GitHub ↗

Price

0.021584 τ

APR

56.4%

TAO in pool

22,671 τ

α in pool

1,050,366 α

EMA price

0.021784 τ

α staked out

5,093,878 α

Vol 24h (indexed)

5,502 τ

Emission / block

0.002975 τ

Owner: 5CA6rwAytZvvyZhLYEzo79627QEV422Q8kD51DEnTaRQxm45
Registered: block 4,878,363
Tempo: 360 blocks / epoch
Swap fee: 0.050% (chain AMM)

Hyperparameters

Tempo: 360 blk
Immunity: 3,600 blk
Max validators: 64
UIDs: 256
Reg. burn: 0.1000 τ
Registration: open
Weights rate: 1 blk
Activity cutoff: 360
Commit-reveal: on (1)
Serving rate: 50
κ (kappa): 32767
ρ (rho): 10

Top 64 UIDs by reward
UID	Hotkey	Coldkey	Role	Stake α	Consensus	Incentive	Dividend	Emission	Axon	Reg. block
3	5Evgh9QT…co3P	5CA6rw…xm45	validator	1,990,174	10.4%	10.7%	57.3%	100.374 α	—	#4,920,350
180	5E2LP6En…eZ5u	5GsbTg…pZX9	validator	456,581	0.0%	0.0%	12.8%	18.821 α	—	#6,672,805
140	5DPNpDqh…xkJu	5Dkwfx…VxVY	validator	501,209	0.0%	0.0%	11.0%	16.267 α	—	#8,640,186
122	5GbKY1sU…pmDHinactive	5FF6W5…Jbw5	miner	46	7.9%	7.8%	0.0%	11.444 α	—	#9,089,117
124	5EoD82b7…DYsfinactive	5GEFpn…ouJw	miner	46	7.8%	7.6%	0.0%	11.192 α	—	#9,089,130
120	5DF26m1T…6qG7inactive	5EWYFD…Jv8q	miner	52	7.1%	7.2%	0.0%	10.698 α	—	#9,087,672
121	5Hb8Ch3B…micxinactive	5EFBX3…968p	miner	49	6.6%	6.8%	0.0%	9.969 α	—	#9,087,723
115	5FukFjow…NUbFinactive	5Hj2EV…8itW	miner	44	6.6%	6.7%	0.0%	9.906 α	—	#9,067,413
123	5Guq6eTE…mgm7inactive	5HZ5Fr…eLo9	miner	44	6.6%	6.7%	0.0%	9.895 α	—	#9,089,124
14	5E53v3EB…4frd	5FvrtJ…isNR	validator	236,033	0.0%	0.0%	6.4%	9.396 α	—	#8,770,350
148	5GBYAqFF…kmTy	5E9fVY…Yc5p	validator	115,930	0.0%	0.0%	5.8%	8.534 α	—	#5,538,233
109	5CAYou47…Z2epinactive	5CoJ8L…JVin	miner	36	5.6%	5.6%	0.0%	8.203 α	—	#9,045,890
114	5FX7oCL7…pFATinactive	5HQkEj…PAd3	miner	30	5.7%	5.5%	0.0%	8.179 α	—	#9,066,771
108	5G4NbyUr…ifQTinactive	5Gq9Y4…NmfW	miner	34	4.8%	4.8%	0.0%	7.080 α	—	#9,043,992
245	5CkZKnmB…8RVg	5FHxxe…GpSs	validator	31,458	0.0%	0.0%	3.8%	5.541 α	—	#8,642,706
104	5HK6KdC9…iQGVinactive	5GLU4L…aMXN	miner	13	2.9%	3.0%	0.0%	4.412 α	—	#9,037,676
44	5EvosuiY…o42Yinactive	5C9y6f…iTEE	miner	44	2.6%	2.6%	0.0%	3.855 α	—	#8,864,149
89	5ECEtU2t…TJFBinactive	5CdU86…dgVo	miner	32	2.5%	2.5%	0.0%	3.649 α	—	#9,014,125
107	5CSdd4S5…2gWuinactive	5GLU4L…aMXN	miner	15	2.3%	2.4%	0.0%	3.476 α	—	#9,038,496
69	5CzG1nKU…pg8Linactive	5DJDWj…3had	miner	10	1.7%	1.7%	0.0%	2.471 α	—	#8,919,050
70	5EoDJqm1…c2w3inactive	5Gnbox…Z5CG	miner	368	1.7%	1.6%	0.0%	2.312 α	—	#8,922,489
90	5CzTFYDZ…vmS1inactive	5HnJwp…hvDd	miner	569	1.5%	1.4%	0.0%	2.064 α	—	#9,017,386
165	5G9hfkx9…wrc5	5Ek8i6…t33f	validator	45,500	0.0%	0.0%	1.4%	2.008 α	—	#6,656,114
99	5FWXLJGs…VQbbinactive	5EjYzv…gV2B	miner	69	1.3%	1.3%	0.0%	1.979 α	—	#9,029,541
65	5DhUicWg…cmsjinactive	5EkVEn…e23N	miner	2	1.2%	1.2%	0.0%	1.758 α	—	#8,908,234
23	5GRBwhpj…zEmJinactive	5F6eBJ…B6ts	miner	2	1.2%	1.2%	0.0%	1.711 α	—	#8,800,655
102	5GpbVrXf…zhaCinactive	5CG4UJ…m95B	miner	7	0.9%	0.9%	0.0%	1.348 α	—	#9,034,681
75	5EHG3JbP…ePHVinactive	5CHxd2…taXr	miner	10	0.8%	0.9%	0.0%	1.263 α	—	#8,938,349
67	5ECjVSP8…7SGKinactive	5EkVEn…e23N	miner	1	0.8%	0.8%	0.0%	1.187 α	—	#8,908,633
255	5ESMZUPs…ptz9inactive	5EkcVg…y4Wu	miner	0	0.6%	0.7%	0.0%	0.962 α	—	#8,690,596
42	5CAyBhEL…Fqpfinactive	5HBmLc…KqWi	miner	1	0.6%	0.6%	0.0%	0.923 α	—	#8,854,111
225	5FLoWCDo…Rv8m	5EnXts…FCGK	validator	22,574	0.0%	0.0%	0.6%	0.908 α	—	#6,724,444
126	5GWck1np…ng1Dinactive	5FZbCD…wEr5	miner	19	0.6%	0.6%	0.0%	0.890 α	—	#9,091,841
11	5EtRJiep…cBVNinactive	5F6eBJ…B6ts	miner	2	0.5%	0.5%	0.0%	0.798 α	—	#8,747,675
9	5Hmq5caQ…ioVbinactive	5HBmLc…KqWi	miner	1	0.6%	0.5%	0.0%	0.794 α	—	#8,737,256
116	5GZMLpbU…7HLBinactive	5F4waz…iouh	miner	81	0.6%	0.5%	0.0%	0.793 α	—	#9,081,981
4	5Dc29jW2…zevtinactive	5F6eBJ…B6ts	miner	1	0.5%	0.5%	0.0%	0.767 α	—	#8,762,678
32	5Ct7MRC7…naEfinactive	5GNhvq…RzwZ	miner	2	0.5%	0.5%	0.0%	0.762 α	—	#8,846,589
18	5DcbDPH9…SL28	5GW9X8…jovV	validator	851	0.0%	0.0%	0.5%	0.751 α	—	#8,791,977
113	5Fnhz5fD…bJGvinactive	5CDfCb…U9pb	miner	1	0.5%	0.5%	0.0%	0.702 α	—	#9,055,184
127	5HVs1NW6…sDE6inactive	5DtPLE…uDEY	miner	0	0.5%	0.5%	0.0%	0.681 α	—	#9,115,051
254	5CwXCAaQ…bSC6inactive	5F6eRm…G1J5	miner	17	0.4%	0.4%	0.0%	0.619 α	—	#8,689,943
12	5F1UJWEF…6s28	5Fuzgv…krzo	validator	4,670	0.0%	0.0%	0.4%	0.561 α	—	#8,639,154
71	5Dvc58wG…JgkNinactive	5GhPqs…eagh	miner	70	0.4%	0.4%	0.0%	0.552 α	—	#8,923,649
66	5CXGtNMb…yKv8inactive	5EkVEn…e23N	miner	1	0.4%	0.4%	0.0%	0.528 α	—	#8,908,414
40	5Ci1QKFn…wk4oinactive	5HBmLc…KqWi	miner	0	0.3%	0.3%	0.0%	0.497 α	—	#8,851,704
125	5Coah5qZ…q4Lxinactive	5H9CVz…LsZR	miner	19	0.3%	0.3%	0.0%	0.450 α	—	#9,090,445
103	5Dqi62vT…wxZsinactive	5Giv7C…FLTM	miner	13	0.2%	0.2%	0.0%	0.282 α	—	#9,037,048
112	5ECT1htW…vnLBinactive	5FeiZr…9fHG	miner	17	0.2%	0.2%	0.0%	0.258 α	—	#9,054,461
118	5DHt8Mxs…4JvBinactive	5CDfCb…U9pb	miner	0	0.2%	0.2%	0.0%	0.255 α	—	#9,086,005
36	5DULXs7P…BuC9inactive	5HBmLc…KqWi	miner	1	0.2%	0.2%	0.0%	0.246 α	—	#8,850,508
110	5ERmuVCX…SMgiinactive	5H3T6y…K768	miner	11	0.2%	0.2%	0.0%	0.231 α	—	#9,049,428
64	5CepG2Mi…nrMsinactive	5EkVEn…e23N	miner	1	0.2%	0.2%	0.0%	0.228 α	—	#8,908,078
221	5EWbw331…ADfXinactive	5HBmLc…KqWi	miner	0	0.1%	0.2%	0.0%	0.225 α	—	#8,851,177
83	5FGyYYfS…xb8Uinactive	5GhPqs…eagh	miner	60	0.2%	0.1%	0.0%	0.206 α	—	#8,988,368
88	5E7jzK8o…oAiNinactive	5EjYzv…gV2B	miner	70	0.1%	0.1%	0.0%	0.188 α	—	#9,007,562
37	5GUEWGgX…dB76inactive	5HBmLc…KqWi	miner	2	0.1%	0.1%	0.0%	0.129 α	—	#8,850,755
219	5FHBJCMk…zSjhinactive	5F1CKR…YKrD	validator	1,745	0.1%	0.1%	0.0%	0.117 α	—	#8,433,903
248	5CobTgbn…2868	5GP1VN…JBG6	validator	3,231	0.0%	0.0%	0.1%	0.110 α	—	#7,670,526
1	5CS5ewzc…t24Tinactive	5F6eBJ…B6ts	miner	1	0.1%	0.1%	0.0%	0.104 α	—	#8,749,847
76	5GxF9hhM…sWsrinactive	5Det27…6Bs2	miner	15	0.1%	0.1%	0.0%	0.097 α	—	#8,945,866
213	5EDCCjMC…EF4Uinactive	5EkVEn…e23N	miner	0	0.1%	0.1%	0.0%	0.086 α	—	#8,915,781
94	5CyUrSf3…tTV1inactive	5EjYzv…gV2B	miner	11	0.1%	0.1%	0.0%	0.078 α	—	#9,027,381
210	5CFzH1Wp…8MUV	5CqsgE…XMUV	validator	2,491	0.0%	0.0%	0.1%	0.075 α	—	#6,085,803

Child keys (82)

Validators routing a share of their weight-setting through child hotkeys — necessary context for reading the stake column: a parent's influence may act through its children.

5C5GuCUK…CdqD→5CFzH1Wp…8MUV100.0%

5CAQAgXx…7FmJ→5Evgh9QT…co3P100.0%

5CBDhkBx…8S3A→5Ggasr6f…xGTV100.0%

5CSAGuiJ…a4t1→5FnGPRV7…MVZZ100.0%

5CUysqNg…ws6B→5G1NjW9Y…nChe100.0%

5CV93B17…fQF2→5E2LP6En…eZ5u100.0%

5CcD4RLF…Dcdb→5Evgh9QT…co3P100.0%

5Ckaoft1…uUes→5CkZKnmB…8RVg100.0%

5CoZxgtf…bifj→5FLoWCDo…Rv8m100.0%

5CqRMuYS…b9Ed→5Evgh9QT…co3P100.0%

5CsvRJXu…2zVp→5Evgh9QT…co3P100.0%

5CszMVts…gMUV→5Evgh9QT…co3P100.0%

5CzFiYvB…gZ3J→5GKH9FPP…TrP1100.0%

5D4gEn5S…kZ4f→5Ggasr6f…xGTV100.0%

5D4oo3Z5…rWSj→5GpizLBH…78wF100.0%

5DD6hMnC…P3KL→5GKH9FPP…TrP1100.0%

5DM7CPqP…xmtX→5Evgh9QT…co3P100.0%

5DUuFhF4…k2GU→5Evgh9QT…co3P100.0%

5DXdHixx…L1S1→5GBYAqFF…kmTy100.0%

5Dd8gaRN…GrWv→5Evgh9QT…co3P100.0%

5Deo9Q3S…zD9Y→5Evgh9QT…co3P100.0%

5DjtmV76…T4Kd→5Evgh9QT…co3P100.0%

5DkFEQdE…M7Fn→5Evgh9QT…co3P100.0%

5DvDypN8…diFp→5E53v3EB…4frd100.0%

5DvTpini…N2ed→5Evgh9QT…co3P100.0%

5E4z3h9y…ULde→5E53v3EB…4frd100.0%

5EAdPk76…pYDc→5Evgh9QT…co3P100.0%

5EByfpgR…JWs4→5Evgh9QT…co3P100.0%

5ELREhAp…qwVh→5Evgh9QT…co3P100.0%

5EWLgJHB…aVrk→5FnGPRV7…MVZZ100.0%

5EqYdsxW…oaUf→5G9hfkx9…wrc5100.0%

5EtUYRu7…tvzs→5Evgh9QT…co3P100.0%

5F27Eqz2…NvoY→5F1UJWEF…6s28100.0%

5F7dvCS7…r6LW→5G9hfkx9…wrc5100.0%

5FBqnTwn…4WUw→5FLoWCDo…Rv8m100.0%

5FFM6Nvv…UWgt→5Evgh9QT…co3P100.0%

5FFSBkNi…VR86→5CobTgbn…2868100.0%

5FWB5CFZ…jkg5→5E2LP6En…eZ5u100.0%

5FeKsRjZ…9DGg→5Evgh9QT…co3P100.0%

5FnGPRV7…MVZZ→5E2LP6En…eZ5u100.0%

…and 42 more

Holders

2,173

Top holder

13.8%

Top 10

53.6%

Nakamoto

Nakamoto 9 = the fewest coldkeys that together hold a majority. HHI 0.044 (0 = evenly spread, 1 = one holder, min-normalised so it is not comparable to the raw HHI most explorers publish), Gini 0.976.

Method: α per coldkey, summed across every validator hotkey, read from the chain's own share pools at one block. The subnet owner's coldkey is set aside for Top 10, Nakamoto, HHI and Gini — the owner is usually the largest holder by far, and leaving them in measures the owner rather than the market. Shares in the table below are of every holder's α, owner included. Counted holders hold at least 0.000001 α; below that is the rounding residue of an exit, not a position. Nakamoto reads “—” under two holders, and Top 10 under twenty, where it saturates at 100% for reasons that have nothing to do with capture. Coldkeys, not people: one person can hold many, and one exchange coldkey can custody thousands. Balances are refreshed every 10 minutes from the fills we index ourselves. Last recomputed 9/22/2026, 5:48:31 PM.

#	Coldkey	Alpha	Value	Share
1	5FqACMtc…sThe	454,177 α	9,803 τ · $3.0M	13.22%
2	5GuRLEMg…iuaC	319,482 α	6,896 τ · $2.1M	9.30%
3	5GKsmEYt…x3ds	213,341 α	4,605 τ · $1.4M	6.21%
4	5EspQViA…VQzE	199,814 α	4,313 τ · $1.3M	5.82%
5	5CA6rwAy…xm45	149,957 α	3,237 τ · $1.0M	4.36%
6	5DkkkEhn…BTCg	132,915 α	2,869 τ · $889.3K	3.87%
7	5E4wXrX5…ezdV	119,255 α	2,574 τ · $797.9K	3.47%
8	5FZjzaTZ…yyFv	102,683 α	2,216 τ · $687.0K	2.99%
9	5DZMADd4…mvZs	82,761 α	1,786 τ · $553.7K	2.41%
10	5G62K98t…awrS	74,520 α	1,608 τ · $498.6K	2.17%
11	5FESCsTc…XEZo	62,566 α	1,350 τ · $418.6K	1.82%
12	5E1z4Gs1…sV2u	58,293 α	1,258 τ · $390.0K	1.70%
13	5ERhiHMS…Mko4	54,487 α	1,176 τ · $364.6K	1.59%
14	5EUDeQTs…yZ66	44,461 α	959.66 τ · $297.5K	1.29%
15	5FNxL46p…nPSG	42,911 α	926.20 τ · $287.1K	1.25%
16	5HoTwRLH…3WSQ	39,024 α	842.29 τ · $261.1K	1.14%
17	5Hj3ArWD…YVz1	38,619 α	833.55 τ · $258.4K	1.12%
18	5Dvexuhj…edrG	34,724 α	749.49 τ · $232.3K	1.01%
19	5GF87Rts…pY1i	31,288 α	675.33 τ · $209.3K	0.91%
20	5GWoqXes…mNNS	31,137 α	672.05 τ · $208.3K	0.91%
21	5FEbc3ij…9Yu8	30,079 α	649.23 τ · $201.2K	0.88%
22	5FQEpgv7…8cVA	29,738 α	641.87 τ · $199.0K	0.87%
23	5DYWDMti…B92X	28,751 α	620.57 τ · $192.4K	0.84%
24	5EJ2N2QW…z2Md	28,738 α	620.29 τ · $192.3K	0.84%
25	5DCzubaD…A67p	28,366 α	612.26 τ · $189.8K	0.83%
26	5HY2jaoK…FoP5	26,998 α	582.73 τ · $180.6K	0.79%
27	5D5B37Ku…NTJB	24,608 α	531.15 τ · $164.6K	0.72%
28	5DigGdcD…z6F2	24,132 α	520.86 τ · $161.5K	0.70%
29	5Gj5coRF…oH4B	23,683 α	511.18 τ · $158.5K	0.69%
30	5EYCAe5j…tp7s	23,403 α	505.12 τ · $156.6K	0.68%
31	5CBo8ypW…T86X	20,428 α	440.92 τ · $136.7K	0.59%
32	5CUhxSDw…SQLs	17,824 α	384.72 τ · $119.3K	0.52%
33	5CoftiZw…ykmo	16,311 α	352.07 τ · $109.1K	0.47%
34	5ES84rfz…QM4w	15,190 α	327.85 τ · $101.6K	0.44%
35	5EnhnBVK…xmCb	14,183 α	306.12 τ · $94.9K	0.41%
36	5HKisem4…iVDN	13,383 α	288.86 τ · $89.5K	0.39%
37	5CFjSegG…viKj	13,135 α	283.50 τ · $87.9K	0.38%
38	5CK3vPgg…vvHf	12,764 α	275.51 τ · $85.4K	0.37%
39	5GCMQWyS…Q1fd	12,395 α	267.53 τ · $82.9K	0.36%
40	5ESTWEms…Bzuo	11,968 α	258.32 τ · $80.1K	0.35%
41	5DX8V6Gh…3uYN	11,851 α	255.80 τ · $79.3K	0.34%
42	5G4529T3…7EpB	11,328 α	244.49 τ · $75.8K	0.33%
43	5Dptqz9t…vq2h	10,428 α	225.07 τ · $69.8K	0.30%
44	5DD1Vu2K…zpid	10,414 α	224.78 τ · $69.7K	0.30%
45	5FHF8cDs…yLTa	10,090 α	217.78 τ · $67.5K	0.29%
46	5Cg3ttkr…YPri	9,917 α	214.05 τ · $66.4K	0.29%
47	5EqRrppK…hGUE	9,850 α	212.60 τ · $65.9K	0.29%
48	5Dkushsx…y3uR	9,451 α	203.98 τ · $63.2K	0.28%
49	5GBb1YTH…9GVm	9,284 α	200.39 τ · $62.1K	0.27%
50	5Fr2MJUr…pa7n	9,136 α	197.20 τ · $61.1K	0.27%

Owner lock

434,345 α

≈ 9,375 τ · $2.9M

Owner conviction

434,345 α

≈ 9,375 τ · $2.9M

Hotkey locks Σ

7 α

≈ 0.15 τ · $46.92

Registration lock

0.00 τ

Deregistration standing

Rank #100 in the deregistration queue — the network runs at capacity, so each new subnet registration removes the rank-1 subnet. Ranked by the chain's own EMA price, immune subnets excluded.

Takeover watchcompare every subnet →

A hotkey lock whose matured conviction reaches 18% of eligible α (α staked out, minus protocol-owned and burned α — the threshold in the chain's own code) can claim ownership of the subnet.

Largest hotkey lock: 5E2LP6En…eZ5u · 5 α conviction of 614,258 α needed

0.0% of the takeover threshold

Account	Kind	Locked α	Value	Conviction α	Matured
5CA6rwAy…xm45	owner · decaying	434,344.5 α	9,375 τ · $2.9M	434,344.5 α	100%
5FqACMtc…sThe	coldkey	419,151.69 α	9,047 τ · $2.8M	419,151.69 α	100%
5HMtFEQ9…8CCx	coldkey	5,192.81 α	112.08 τ · $34.7K	5,192.81 α	100%
5CA6rwAy…xm45	coldkey	5,000 α	107.92 τ · $33.5K	5,000 α	100%
5E2LP6En…eZ5u	hotkey · decaying	7.01 α	0.15 τ · $46.92	5.37 α	77%
5FWUjNnM…1Cbs	coldkey	7.01 α	0.15 τ · $46.92	5.37 α	77%

Why the price moved · last 24h

0.021458 τ → 0.021133 τ (-1.515%)

Trading-220.894 τ and +10,327.205 α through the pool from indexed fills-1.94%
Emission+21.3670 τ injected, +996.9308 α minted into the pool−<0.01%
Unexplainedcauses we cannot name from what we index+0.43%

Each line is the price move that cause alone would have produced. They compose to the net move above (multiplicatively, which is why they need not sum to it), and a cause can exceed the net when another pushed the other way. The named causes cover under 90% of the move here, so the remainder is shown rather than blamed on a bucket.

Deregistration risk

Rank #100 in the queue. The network is at capacity (128), so each new subnet registration dissolves rank 1 — 100 registrations would reach this one.

Cost to kill rank 1

509 τ

After next halving

254 τ

P(dereg) 30d

0.0%

P(dereg) 90d

0.0%

From 0.12 registrations/day observed over 25.4 days of indexed blocks, as a Poisson arrival process against this subnet's queue position. The registration cost halves every 115,200 blocks.

Conviction maturity curve

What a perpetual lock of 1,000 α becomes over time on this subnet. The shape is identical at any size — scale it to your own amount. Conviction matures on a 30-day half-life; a decaying lock's stake also unwinds on a 90-day one.

After	Conviction	Matured	Of takeover
today	0.0 α	0.0%	0.000%
7 d	149.3 α	14.9%	0.024%
30 d	500.0 α	50.0%	0.081%
90 d	875.0 α	87.5%	0.142%
180 d	984.4 α	98.4%	0.160%
365 d	999.8 α	100.0%	0.163%

Projected with the chain's own maturity maths (rates read live: unlock 934,866 blocks, maturity 311,622), not an approximation.

☆SayGMSN28 · Bittensor subnet

SayGMSN28 · Bittensor subnet