Swarm
SN124
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN124 (Swarm) is a dynamic-token subnetwork operating on the Bittensor blockchain. The overall evaluation reflects significant opacity and structural limitations across multiple dimensions, compounded by major data gaps in Active Development (-1.0) and Community Support (-1.0) due to search collision with unrelated 'Swarm' entities and a complete lack of verifiable SN124-specific repositories or social channels. Among evaluated categories, Tokenomics (4.5/10) operates on continuous inflationary emissions mitigated by an observed ~24.6% burn rate, though allocation distribution and utility metrics remain unverified. Market and Use Case (4.0/10) suffers from a micro-cap valuation ($7M-$11M), modest daily trading volume ($350K-$490K), and an unproven core product proposition in a competitive subnetwork landscape. Team and Governance (4.5/10) reflects an entirely pseudonymous team with no dedicated subnet-level DAO. Security and Audit History (4.5/10) found no confirmed exploits, depegs, or regulatory enforcement actions, but also no attributable third-party smart contract audits. With missing data sections excluded and weights redistributed proportionally, the weighted average yields an overall score of 4.4/10.
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 Swarm (SN124)
SN124 (Swarm) is a dynamic-token subnetwork operating on the Bittensor blockchain as subnet 124. Built within the Bittensor network framework, it functions on an evaluation model in which validators produce independent assessments to regulate emission distribution. The token participates in the broader network's dynamic emission structure, maintaining an observed network emission share of approximately 0.81%.
The tokenomics of SN124 follow a continuous inflationary emission model that is partially offset by an observed burn rate of approximately 24.6%. It trades in the micro-cap range, with an estimated market capitalization between $7 million and $11 million and daily trading volumes between $350,000 and $490,000. Details regarding specific token allocation schedules, holder concentration levels, and verified product-level utility metrics are not documented in available sources.
Several structural and transparency risks are associated with the project. The development team and leadership remain undisclosed with no named founders or credentials available, and there is no dedicated subnet-level governance framework or decentralized autonomous organization (DAO) beyond base Bittensor protocol mechanics. Additionally, there are no verifiable third-party security audits attributable specifically to the SN124 subnet implementation. The project remains subject to structural Bittensor risks such as potential subnet deregistration. To date, no smart contract exploits, hacks, depeg incidents, exchange delistings, or regulatory enforcement actions have been identified for SN124.