τTaosisTaoScale

TAO tokenomics

How much TAO exists and where it sits, what each block mints, when emission next halves, and what it costs to register a subnet. Every figure is read from the Bittensor chain at the block shown; the dates are projections and say what they hold constant.

as of block 9,474,196 · 07:01 UTC · runtime spec 488

Supply

Issued supply

11,711,482 τ

of 21,000,000 τ (55.77%)

Block reward

0.5000 τ

per day: 3,600 τ

Measured issuance

0.48121 τ/block

over 7d (blocks 9,423,807–9,474,196)

Recycled or burned

0.01879 τ/block

over 7d

Unissued

9,288,518 τ

44.23% of the cap

Staked on root
5,488,634 τ · 46.9%
In subnet pools
1,991,326 τ · 17.0%
In wallets (not staked)
4,231,522 τ · 36.1%

Shares of the issued supply. Unissued, not in the bar: 9,288,518 τ.

Measured TAO issuance per block, by window
WindowBlocksIssued τ/blockRecycled or burned τ/block
200 blocks9,473,996 → 9,474,196 (200)0.4979110.002089
24h9,467,006 → 9,474,196 (7,190)0.4113250.088675
7d9,423,807 → 9,474,196 (50,389)0.4812130.018787

Halving countdown

Next halving: #2 at 15,750,000 τ issued

4,038,518 τ to go · the block reward then falls to 0.2500 τ

At the full reward:
6 Dec 2029
At the measured rate (7d):
19 Jan 2030

Projection. Block time measured on the chain clock: 12.00 s.

Emission halves each time issuance reaches 21M × (1 − 2⁻ᵏ): 10.5M, 15.75M, 18.375M τ… The date depends only on how fast TotalIssuance grows, so τ the chain recycles or burns pushes it later.

TAO halving schedule, H1 to H12
HalvingIssued atReward afterStatusEst. date (at full reward)
H110,500,000 τ0.5000 τPassed—
H215,750,000 τ0.2500 τNext6 Dec 2029
H318,375,000 τ0.1250 τUpcoming3 Dec 2033
H419,687,500 τ0.0625 τUpcoming1 Dec 2037
H520,343,750 τ0.0313 τUpcoming28 Nov 2041
H620,671,875 τ0.0156 τUpcoming26 Nov 2045
H720,835,938 τ0.007813 τUpcoming23 Nov 2049
H820,917,969 τ0.003906 τUpcoming21 Nov 2053
H920,958,984 τ0.001953 τUpcoming19 Nov 2057
H1020,979,492 τ0.000977 τUpcoming16 Nov 2061
H1120,989,746 τ0.000488 τUpcoming14 Nov 2065
H1220,994,873 τ0.000244 τUpcoming11 Nov 2069

Subnet registration

Subnet registration cost: 153.40 τ

as of block 9,474,196 · 07:01 UTC

  • Falls by 42.97 τ a day until 1.00 τ (block 9,499,731, ≈13 Nov 2026)
  • Next registration allowed from block 9,485,498
  • Price right after a registration: 306.79 τ (2× the price paid)
  • Subnets: 128/128At capacity: a registration removes the lowest-ranked subnet
Projected registration cost if nobody registers
If nobody registers, inBlockCost
1 day (≈11 Nov 2026)9,481,395110.43 τ
7 days (≈17 Nov 2026)9,524,5891.00 τ
14 days (≈24 Nov 2026)9,574,9821.00 τ
30 days (≈10 Dec 2026)9,690,1661.00 τ

After each registration the price starts at twice what was paid, then falls in a straight line — the last lock ÷ 14,400 blocks, every block — until the floor. A projection at today's block reward; any registration resets it.

Registration cost

The runtime's registration price as Taosis sampled it (last sample of each UTC day), since 25 Sep 2026. 10 registrations in the window.

Data table
Time (UTC)Registration cost
10 Nov 2026, 07:01 UTC153.4 τ
9 Nov 2026, 23:56 UTC166.09 τ
8 Nov 2026, 23:58 UTC350.32 τ
7 Nov 2026, 23:55 UTC413.6 τ
6 Nov 2026, 23:56 UTC476.75 τ
5 Nov 2026, 23:56 UTC284.77 τ
4 Nov 2026, 23:58 UTC343.51 τ
3 Nov 2026, 23:59 UTC402.23 τ
2 Nov 2026, 23:57 UTC461.13 τ
1 Nov 2026, 23:56 UTC282.88 τ
31 Oct 2026, 23:59 UTC339.4 τ
30 Oct 2026, 23:57 UTC396.11 τ
29 Oct 2026, 23:58 UTC452.72 τ
28 Oct 2026, 23:58 UTC282.33 τ
27 Oct 2026, 23:55 UTC338.62 τ
26 Oct 2026, 23:55 UTC394.8 τ
25 Oct 2026, 23:57 UTC227.69 τ
24 Oct 2026, 23:56 UTC336.45 τ
23 Oct 2026, 23:56 UTC445.11 τ
22 Oct 2026, 23:55 UTC553.84 τ
21 Oct 2026, 23:57 UTC662.36 τ
20 Oct 2026, 23:55 UTC770.08 τ
19 Oct 2026, 23:58 UTC444.99 τ
18 Oct 2026, 23:55 UTC568.76 τ
17 Oct 2026, 23:57 UTC692.05 τ
16 Oct 2026, 23:59 UTC815.38 τ
15 Oct 2026, 23:57 UTC939.07 τ
14 Oct 2026, 23:57 UTC627.48 τ
13 Oct 2026, 23:56 UTC848.76 τ
12 Oct 2026, 23:55 UTC1,419 τ
11 Oct 2026, 23:58 UTC1,530 τ
10 Oct 2026, 23:56 UTC1,640 τ
9 Oct 2026, 23:59 UTC1,751 τ
8 Oct 2026, 23:59 UTC952.66 τ
7 Oct 2026, 23:55 UTC1,034 τ
6 Oct 2026, 23:56 UTC1,116 τ
5 Oct 2026, 23:59 UTC1,198 τ
4 Oct 2026, 23:56 UTC1,279 τ
3 Oct 2026, 23:57 UTC705.79 τ
2 Oct 2026, 23:56 UTC784.46 τ
1 Oct 2026, 23:56 UTC863.04 τ
30 Sep 2026, 23:59 UTC941.47 τ
29 Sep 2026, 23:58 UTC1,020 τ
28 Sep 2026, 23:55 UTC1,099 τ
27 Sep 2026, 23:58 UTC1,177 τ
26 Sep 2026, 23:59 UTC1,256 τ
25 Sep 2026, 23:58 UTC691.03 τ

Subnet registrations

Subnet registrations, newest first
SubnetRegisteredRegistration costStatus
SN78wawblock 9,471,124 · 9 Nov 202685.94 τCurrent
SN99ganiblock 9,447,220 · 6 Nov 2026252.78 τCurrent
SN36Weirblock 9,420,559 · 2 Nov 2026235.20 τCurrent
SN16bitadsblock 9,392,863 · 29 Oct 2026226.54 τCurrent
SN70Fugalblock 9,364,303 · 26 Oct 2026224.64 τCurrent
SN103Terza Inferenceblock 9,321,589 · 20 Oct 2026434.68 τCurrent
SN86OnSaleblock 9,289,319 · 15 Oct 2026493.99 τCurrent
SN92REAXblock 9,247,819 · 9 Oct 2026884.38 τCurrent
SN116Carbonblock 9,210,632 · 4 Oct 2026653.02 τCurrent
SN82Noahblock 9,155,260 · 26 Sep 2026628.71 τCurrent
SN108ChipForgeblock 9,111,253 · 20 Sep 2026508.68 τCurrent
SN35Jacob Robert Steevesblock 9,046,691 · 11 Sep 2026578.57 τCurrent
SN76Ormasblock 9,003,844 · 5 Sep 2026460.58 τCurrent
SN59agent-arenablock 8,938,771529.06 τCurrent
SN36block 8,884,359501.15 τReplaced at block 9,420,559
SN70block 8,825,571511.54 τReplaced at block 9,364,303
SN103block 8,762,380566.30 τReplaced at block 9,321,589
SN86block 8,693,284707.13 τReplaced at block 9,289,319
SN90KubeTEEblock 8,618,6701,003 τCurrent
SN99block 8,572,056842.33 τReplaced at block 9,447,220
SN58Attuneblock 8,511,017895.82 τCurrent
SN16block 8,460,646795.93 τReplaced at block 9,392,863
SN40Ralphblock 8,409,860711.73 τCurrent
SN92block 8,352,006714.88 τReplaced at block 9,247,819
SN116block 8,294,730710.88 τReplaced at block 9,210,632
SN122CookingTAOblock 8,238,082699.33 τCurrent
SN69Heraldblock 8,138,1822,633 τCurrent
SN26Perturbblock 8,123,7811,504 τCurrent
SN84ansuzblock 8,085,2971,130 τCurrent
SN57gaiablock 8,057,320745.94 τCurrent
SN82block 8,026,517509.10 τReplaced at block 9,155,260
SN78block 7,966,145534.84 τReplaced at block 9,471,124
SN102ConnitoAIblock 7,840,965658.95 τCurrent
SN97Ingotblock 7,735,450560.77 τCurrent
SN96Verathosblock 7,692,872444.77 τCurrent
SN91cascadeblock 7,633,645457.70 τCurrent
SN126Attelierblock 7,525,773407.22 τCurrent
SN107Minosblock 7,457,580498.99 τCurrent
SN15OROblock 7,366,897339.81 τCurrent
SN47GPUForgeblock 7,340,355315.10 τCurrent
SN114SOMAblock 7,312,241307.77 τCurrent
SN38ChronoLLMblock 7,284,230299.56 τCurrent
SN109Finsightblock 7,257,480279.66 τCurrent
SN67Harnyxblock 7,236,936217.35 τCurrent
SN87Provenonceblock 7,208,725212.99 τCurrent
SN31rec4llblock 7,173,591273.05 τCurrent
SN80OpenRobotoblock 7,151,800219.60 τCurrent
SN113SN113block 7,119,664248.37 τCurrent
SN94Cathedralblock 6,962,737242.18 τCurrent
SN105Beamblock 6,841,399284.71 τCurrent
SN49Nepher Roboticsblock 6,783,158287.92 τCurrent
SN100Cortexblock 6,693,448650.61 τCurrent
SN128ByteLeapblock 5,856,038145.65 τCurrent
SN127Zilsblock 5,848,83797.10 τCurrent
SN125Refineryblock 5,834,40843.21 τCurrent
SN124Swarmblock 5,813,45479.31 τCurrent
SN123MANTISblock 5,794,330118.03 τCurrent
SN121sundae_barblock 5,766,528111.99 τCurrent
SN120Affineblock 5,749,344138.83 τCurrent
SN119CapabilityForge Nextblock 5,740,66099.38 τCurrent
SN118Dittoblock 5,724,794110.64 τCurrent
SN117everyframe.studioblock 5,710,859107.18 τCurrent
SN115MoirAIblock 5,683,63598.00 τCurrent
SN112THORblock 5,633,022196.76 τCurrent
SN111Claimsblock 5,615,562249.86 τCurrent
SN110Green Computeblock 5,606,062186.42 τCurrent
SN106Nodexoblock 5,558,480133.59 τCurrent
SN104TAOstatusblock 5,528,520147.97 τCurrent
SN101Tag101block 5,481,350205.98 τCurrent
SN98NeverPlayAloneblock 5,445,992168.10 τCurrent
SN95Actualblock 5,403,674210.60 τCurrent
SN93Bitcastblock 5,370,681290.84 τCurrent
SN89InfiniteQuantblock 5,313,364286.40 τCurrent
SN88Investingblock 5,299,805270.60 τCurrent
SN85Vidaioblock 5,258,781264.81 τCurrent
SN83CliqueAIblock 5,231,190261.36 τCurrent
SN81Reliquaryblock 5,203,057249.79 τCurrent
SN79MVTRXblock 5,173,967254.94 τCurrent
SN73Elenostblock 5,160,047246.71 τCurrent
SN77Liquidityblock 5,128,460303.15 τCurrent
SN75Hippiusblock 5,102,795247.49 τCurrent
SN74Gittensorblock 5,086,205291.87 τCurrent
SN72StreetVision by NATIXblock 5,064,327191.34 τCurrent
SN71Leadpoetblock 5,048,438213.41 τCurrent
SN68NOVAblock 4,972,413199.77 τCurrent
SN66conjecturesblock 4,958,01365.23 τCurrent
SN65True Performance Networkblock 4,950,81337.27 τCurrent
SN63Enigmablock 4,885,578—Current
SN28SayGMblock 4,878,363—Current
SN14Cacheonblock 4,848,444—Current
SN60Bitsec.aiblock 4,796,992—Current
SN50Synthblock 4,763,204—Current
SN54Yanezblock 4,742,549—Current
SN55NIOMEblock 4,703,386—Current
SN64Chutesblock 4,531,295—Current
SN62Ridgesblock 4,474,225—Current
SN61RedTeamblock 4,457,976—Current
SN56Gradientsblock 4,312,927—Current
SN53engyblock 4,203,869—Current
SN3Teutonicblock 4,165,565—Current
SN52Dojoblock 3,989,825—Current
SN51lium.ioblock 3,966,206—Current
SN46Instantblock 3,919,107—Current
SN48Quantum Computeblock 3,856,677—Current
SN45AlphaRidge.aiblock 3,633,154—Current
SN42Unknownblock 3,613,591—Current
SN44Scoreblock 3,550,319—Current
SN34Yugosblock 3,493,948—Current
SN43Graphiteblock 3,408,582—Current
SN41Almanacblock 3,394,182—Current
SN29hoτfloaτblock 3,379,782—Current
SN39deprecatedblock 3,280,104—Current
SN30Endure Networkblock 3,250,216—Current
SN6Numinousblock 3,219,949—Current
SN37Aureliusblock 3,212,175—Current
SN21AdTAOblock 3,156,578—Current
SN25URblock 2,998,801—Current
SN33ReadyAIblock 2,943,950—Current
SN11TrajectoryRLblock 2,918,568—Current
SN10Paretonblock 2,869,647—Current
SN17404—GENblock 2,840,556—Current
SN2DaniLabsblock 2,734,060—Current
SN7Allwaysblock 2,627,691—Current
SN24ms.computerblock 2,538,424—Current
SN32ItsAIblock 2,515,294—Current
SN5Honeblock 2,491,604—Current
SN12Compute Hordeblock 2,256,433—Current
SN23Trishoolblock 2,063,528—Current
SN22Desearchblock 2,009,702—Current
SN20Witnessblock 1,970,929—Current
SN19blockmachineblock 1,956,072—Current
SN13Data Universeblock 1,907,637—Current
SN27Kommsblock 1,727,132—Current
SN18Zeusblock 1,604,679—Current
SN1Apexblock 1,497,824—Current
SN9iotablock 1,489,797—Current
SN8Vantablock 1,477,264—Current
SN4Targonblock 1,411,451—Current

Subnets dissolved before 25 Sep 2026 are not listed: the chain only holds the current subnet on each netuid.

Sources: SubtensorModule.TotalIssuance, SubnetTAO, the runtime's SubnetRegistrationRuntimeApi and the network registration storage, sampled by Taosis every few minutes. See also the markets overview and the staking return simulator.