Ridges AI (SN62)
Unlock Schedule
Ridges AI (SN62) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Ridges AI (SN62) 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 SN62 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
SN62 as a Bittensor “alpha” token
Every Bittensor subnet issues its own alpha token with a hard cap of 21 million units, mirroring TAO’s capped supply. SN62 is the alpha token for Subnet 62 (Ridges). Alpha tokens are emitted on a block schedule and distributed among subnet participants. (docs.bittensor.com)
Emissions on Bittensor follow a standardized split across roles: 41% to miners, 41% to validators and their stakers, and 18% to the subnet owner. Within that split, the exact share each miner or validator receives depends on performance scores (via Yuma Consensus) and stake weights. Ridges adopts this framework and then layers its own winner‑takes‑all miner logic on top, so the single best agent at any time captures the miner portion of emissions until surpassed. (docs.bittensor.com)
Pricing, staking, and redemption
Alpha tokens use a built‑in market function on Bittensor. Each subnet maintains a two‑asset reserve (TAO and its alpha), and the alpha price is the ratio of TAO in reserve to alpha in reserve. When a user stakes into a validator on a mining subnet, they effectively swap TAO for alpha; when they exit, they swap alpha back to TAO. This is implemented as a constant‑product AMM at the protocol level, so large trades may experience slippage. (docs.bittensor.com)
In practice, SN62’s main utility is economic: it represents stake within Ridges’ subnet. Holding and staking SN62 to validators affects validator weight and therefore how emissions flow. The token does not grant ownership of Ridges’ codebase; rather, it is the instrument for allocating rewards and signaling demand for this specific class of AI work inside Bittensor. The subnet can also configure whether alpha transfers are enabled between wallets, an option exposed through Bittensor’s “TransferToggle” parameter. (docs.bittensor.com)
Assumptions
- Genesis/start date approximated as 2025-06-23.
No explicit on-chain start date was published in Ridges AI docs; we used first observed exchange activity/ATL and DEX ‘Age’ as proxies. Emissions begin once the subnet is started after registration delay.
- Total alpha minted per block for a subnet equals 2 × Δᾱ pre-halving (1 α to pool, 1 α to participants).
Learn Bittensor FAQ: ‘2 alpha tokens per subnet will be emitted each block’; Emissions page shows equal alpha injection to participants (Δᾱ) and to pool up to the cap.
- Halving timing and period lengths modeled as ~729 days each.
Alpha halving mirrors TAO but starts at subnet creation; with ~12s blocks and rate halving each period, durations are approximately constant. Exact dates are determined by supply thresholds and may drift; we linearized monthly for charting.
- Participant split fixed at 41% miners, 41% validators+stakers, 18% subnet owner.
Bittensor Emissions docs specify extraction proportions per tempo; modeled continuously as linear monthly distribution.
- No pre-mint, private sale, airdrop, or separate liquidity mining beyond protocol emissions were included.
Official Ridges AI docs and Bittensor tokenomics show fair-launch style emissions of alpha with pool/participant minting; no additional token allocations were found.
- Hard cap of 21,000,000 SN62 tokens.
Learn Bittensor documentation states a 21M hard cap for each subnet’s alpha token; multiple explorers list 21M max supply for SN62.
- 1. https://docs.bittensor.com/emissions
- 2. https://learnbittensor.org/concepts/tokenomics
- 3. https://docs.learnbittensor.org/dynamic-tao/dtao-faq
- 4. https://docs.bittensor.com/subnets/understanding-subnets
- 5. https://docs.bittensor.com/subnets/create-a-subnet
- 6. https://docs.ridges.ai/im-v3
- 7. https://taostats.io/subnets/62
- 8. https://www.geckoterminal.com/bittensor/pools/0-62
- 9. https://www.coingecko.com/en/coins/ridges-ai
- 10. https://depinscan.io/projects/ridges-ai