Unlock Schedule
Targon (SN4) Token Unlock & Vesting Schedule
As of November 10, 2026, 5.42 million of the 21 million SN4 (25.82%) have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 3.35 million SN4 (all estimated) from Network alpha emissions: participant rewards and liquidity pool, worth about $44.44 million at today's price (56.33% of the market cap). Today's release is an estimated 9,399 SN4 from Network alpha emissions: participant rewards and liquidity pool.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
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
How SN4 enters the network
Bittensor introduced subnet alpha tokens in February 2025. SN4 is Targon’s subnet token, while TAO is Bittensor’s main network token. Bittensor’s rules set a maximum supply of 21 million alpha tokens for each subnet. New SN4 tokens enter circulation through the network’s issuance process; part of that issuance is set aside for participants, and part can enter the subnet’s TAO–alpha pool. (bittensor.com)
Participant rewards follow roles. The subnet owner receives a share, miners can earn rewards for providing eligible compute, and validators and their stakers can receive rewards through Bittensor’s consensus process. Validators submit assessments of miners, which the chain combines to determine reward shares. Targon’s provider documentation also describes hardware-based reward targets: the amount available to a provider depends on the type of machine and the compute available on the network. Emissions that are not assigned to its auctions are burned. (bittensor.com)
SN4 also has a staking role. Staking TAO into Subnet 4 exchanges it through Bittensor’s pool for SN4 alpha and records the result as a subnet stake position. That position can receive a share of a validator’s staking rewards. This gives the token a place in the network’s incentive system alongside the work done by miners and validators. Targon’s customer billing, meanwhile, uses platform-level credits, payment methods, and invoices for organizations. (bittensor.com)
Upcoming SN4 Releases
| Period | Allocation | Type | Amount | Value | % of supply |
|---|---|---|---|---|---|
| Nov 10 – 30, 2026 | Network alpha emissions: participant rewards and liquidity pool | Issuance, estimated | 197.4K | $2.6M | 0.94% |
| Dec 2026 | Network alpha emissions: participant rewards and liquidity pool | Issuance, estimated | 291.4K | $3.9M | 1.39% |
| Jan 2027 | Network alpha emissions: participant rewards and liquidity pool | Issuance, estimated | 291.4K | $3.9M | 1.39% |
| Feb 2027 | Network alpha emissions: participant rewards and liquidity pool | Issuance, estimated | 263.2K | $3.5M | 1.25% |
| Mar 2027 | Network alpha emissions: participant rewards and liquidity pool | Issuance, estimated | 291.4K | $3.9M | 1.39% |
| Apr 2027 | Network alpha emissions: participant rewards and liquidity pool | Issuance, estimated | 282K | $3.7M | 1.34% |
| Total, next 12 months | 3.3M | $44.4M | 15.93% | ||
Values at $13.28 per SN4 (November 10, 2026), today's price, not a forecast. Releases continue after October 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
Targon's SN4 tokens enter supply through Bittensor subnet emissions: rewards for participants and injections into the subnet liquidity pool. The token has a 21 million maximum, but the sources do not provide a fixed calendar schedule for future net issuance. The chart can show an estimated path from the February 2025 launch month to the explorer's supply snapshot; its monthly amounts are interpolated, not measured. Future releases remain open because issuance, halvings, recycling and burns depend on network activity.
- Network alpha emissions: participant rewards and liquidity pool: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
 Subnet Tokens (DEX) | 2M | 1.3M/1.3M |
Allocations
Estimated from the last observation onward: about 9,399 per day (286,073 per month), the rate between the observations of February 2025 and September 2026.
Description
#308
Targon is a decentralized AI infrastructure platform that uses Bittensor's Subnet to offer secure, high-performance AI inference and model leasing services. It emphasizes performance, accessibility, and security.
| Sector: | AI & Compute |
| Blockchain: | Bittensor |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Subnet Tokens (DEX) | 2M | 1.3M/1.3M |