Ditto
SN118
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN118 (Ditto) is an active Bittensor subnet project focused on decentralized AI persistent memory and agentic systems, showing operational activity via DittoBench iterations and telemetry through mid-2026. However, the asset exhibits severe structural vulnerabilities: extreme governance centralization under a single subnet owner with no DAO or public voting mechanisms, heavy bus-factor concentration around a single developer, a complete absence of independent third-party security audits, and zero published vesting disclosures. Furthermore, the project faced a ~$900,000 OTC escrow social-engineering token sell-off in June 2026 and an unrecovered ~65.8% drawdown from its all-time high of $5.24. With a micro-cap valuation of ~$6.4M and persistent emission inflation without burning mechanisms, the project represents elevated risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ditto (SN118)
Ditto (SN118), formerly known as HODL, is a cryptocurrency operating as Subnet 118 on the Bittensor network. The project is designed as an agentic operating system and decentralized persistent memory layer for artificial intelligence applications. It incorporates Model Context Protocol (MCP) integrations and knowledge graphs, with miner performance evaluated through the DittoBench benchmarking framework and public telemetry.
The SN118 token operates with a maximum capped supply of 21 million units. Its utility model centers on dTAO staking and participation within the DittoBench architecture. The token features emission-driven distribution without recurring token-burn or buyback mechanisms, and the project operates without published insider vesting schedules.
The project has experienced significant security, market, and structural challenges. In June 2026, an over-the-counter (OTC) escrow social engineering incident occurred during the Ditto Alpha token sale, resulting in an unauthorized token sell-off valued at approximately $900,000, though the project stated its internal systems and coldkeys were not compromised. Additionally, the token has experienced an unrecovered drawdown of approximately 65.8% from its all-time high of $5.24. SN118 carries further operational risks due to a complete absence of independent third-party security audits, governance centralized entirely under the subnet owner without a decentralized autonomous organization (DAO), and key-person risk associated with a single primary developer.