Basilica (SN39)
Unlock Schedule
Basilica (SN39) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Basilica (SN39) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence SN39 price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and identity
On public trackers, SN39 is listed with a fixed maximum supply of 21,000,000 tokens and is labeled “basilica (SN39)” following a rebrand from “w.ai (Parked).” The “SN39” label simply denotes that this is the alpha token for Bittensor Subnet 39. (coingecko.com)
Economic model inside dTAO
- Staking mechanism: Users obtain SN39 by staking TAO into Basilica’s AMM pool. This “stake‑as‑swap” design is core to dTAO and is shared across subnets. (docs.bittensor.com)
- Emissions: New SN39 is emitted to miners, validators, and delegators according to on‑chain rules. Subnets that attract more stake and usage tend to gain more emissions, increasing incentives for performance. (bittensor.com)
- Transferability and governance: Whether a subnet’s alpha is freely transferable can be configured by the subnet owner. Governance rights (such as voting on subnet parameters) are up to the subnet’s design; Bittensor’s docs note that dTAO does not itself prescribe subnet governance, leaving flexibility to each subnet to define how alpha holders participate. (docs.bittensor.com)
What SN39 is used for
- Alignment of incentives: Holding and delegating SN39 aligns users with validators that curate Basilica’s compute service.
- Access and participation: In many Bittensor subnets, alpha holdings can signal commitment and may be used within subnet policies for access tiers or influence. Basilica’s design details are light publicly, but the standard dTAO pattern is that alpha represents stake and participation in the subnet’s economy. (docs.bittensor.com)
Assumptions
- Alpha token cap and halving thresholds
All Bittensor subnet alpha tokens (including SN39) have a hard cap of 21,000,000 and follow a supply-threshold halving schedule identical to TAO (first at 10.5M, then 15.75M, etc.).
- Balanced reserve vs. outstanding injection (1:1) across epochs
Docs note up to 2 alpha per subnet per block initially (1 to reserve, 1 to outstanding). For tractability, modeled reserve injection equal to the alpha cap each epoch so lifetime reserve ≈ lifetime outstanding (10.5M each). Real alpha_in depends on EMA price shares and can be less than cap; future deviations will shift the split between ‘Reserve Injection’ and participant emissions.
- Epoch dates derived from block-time math, not calendar announcements
Modeled halving boundaries by integrating per-block issuance at 12s blocks (≈7,200 blocks/day) from an estimated SN39 start date; actual dates will drift with on-chain dynamics (EMA prices, TAO halving coupling, recycling).
- Genesis date proxy
Used earliest public market data (CoinGecko all-time-low timestamp in June 2025) as a proxy for subnet activation; on-chain start may precede by ~1 week due to the ‘start’ delay and listing latency.
- Participant split of alpha outstanding
Applied protocol-standard extraction split at tempo: 18% subnet owner, 41% miners, 41% validators & stakers; modeled continuously with monthly-linear unlocks per alpha epoch.
- 1. https://docs.bittensor.com/dynamic-tao/dtao-faq
- 2. https://docs.bittensor.com/emissions
- 3. https://docs.learnbittensor.org/dynamic-tao/dtao-faq
- 4. https://docs.taostats.io/docs/distribution-of-alpha-in-a-subnet
- 5. https://learnbittensor.org/explore/concept/halving
- 6. https://bittensor.com/dtao-whitepaper
- 7. https://www.basilica.ai/
- 8. https://www.coingecko.com/en/coins/basilica
Allocations
Description
#1290
Basilica is a decentralized marketplace for buying and selling high-performance GPU computing power, built on the Bittensor network, allowing users to offer and use GPU resources without needing to trust a central authority.
| Sector: | AI & Compute |
| Blockchain: | Bittensor |