Chutes (SN64)

Tokenomics & Utility

SN64 is the alpha token associated with Bittensor Subnet 64. Under Bittensor’s Dynamic TAO design, each subnet has its own alpha token alongside TAO, the network-wide token. The system uses a pool containing TAO and the subnet’s alpha token to support exchanges between them. Users can also stake into a subnet, linking their participation to that subnet’s economy. (docs.learnbittensor.org)

Bittensor issues subnet tokens through its network reward system. Part of a subnet’s issuance supports rewards for miners, validators, and the subnet’s creators, while another part enters its token pool. For Chutes, this gives SN64 a role in the incentives around supplying and evaluating computing work. An exchange’s Chutes listing identifies 21 million SN64 as its total supply. (docs.learnbittensor.org)

The distinction between network rewards and customer payments matters. Chutes’ terms describe subscriptions and pay-as-you-go charges based on usage, with payment methods that include card or bank payments through Stripe and blockchain deposits in TAO. A developer can therefore pay to use Chutes without SN64 serving as the direct payment token for every AI request. (chutes.ai)