HappyAI

HappyAI (SN103) presents a contrasting profile of a functioning utility project within the Bittensor ecosystem that is hindered by operational stagnation and structural risks. On the positive side, the project has successfully delivered a live consumer product, the 'Avocado' mental health app, which differentiates it from pure vaporware and anchors its value proposition in real-world AI utility. However, the investment case is heavily compromised by critical weaknesses: development activity has effectively ceased in recent months ('ship-and-maintain' mode), there is no record of a professional security audit, and the tokenomics reveal a dangerously low circulating supply (6-9%), creating significant risk of future dilution. Furthermore, the pseudonymous team and low liquidity limit institutional credibility. While not a scam, it is a dormant-looking micro-cap project that relies entirely on the resurgence of its specific app usage and the broader Bittensor narrative.