BitAgent - Rizzo
SN20
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN20 (BitAgent - Rizzo) is a Bittensor subnet token (Subnet 20) focused on tool-calling and function-calling language models. The project exhibits significant fundamental risks across all evaluated dimensions. Verifiable development activity has stalled, with no new model releases, changelogs, or governance updates since late 2024. Market metrics reveal micro-cap status ($2M–$2.9M market cap) accompanied by critically thin trading liquidity ($85 to $14K daily volume) and an unrecovered 75% drawdown from its all-time high. The team operates pseudonymously without verified credentials or an independent decentralized governance structure, leaving subnet control centralized. Furthermore, there are no discoverable smart contract or subnet code audits. Note that Community Support had insufficient data (-1.0) and was excluded from the weighted average, with its weight redistributed across the remaining categories. No qualifying red-flag events were established.
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 BitAgent - Rizzo (SN20)
SN20 (BitAgent - Rizzo) is a subnet token operating on Subnet 20 of the Bittensor protocol. Managed by the pseudonymous Team Rizzo (associated with the GitHub handle RogueTensor), the project focuses on developing tool-calling and function-calling language models with parameters of 8 billion or fewer. Its technical output includes models evaluated on benchmarks such as the Berkeley Function Calling Leaderboard and published on Hugging Face.
The token functions within Bittensor's subnet incentive structure, participating in dynamic subnet emissions alongside an unverified dynamic burn metric of approximately 22%. SN20 trades with very limited liquidity, characterized by market capitalizations ranging between approximately $2.0 million and $2.9 million and daily trading volumes between $85 and $14,000 across tracked venues. Verifiable development on the project has slowed significantly, with no new model releases, changelogs, or protocol updates recorded following the BitAgent_1-1 release in December 2024.
The project carries notable market, governance, and security risks. SN20 has experienced a severe, unrecovered price crash of approximately 75% from its all-time high of $2.52 to around $0.63. Additionally, there are no documented third-party security audits or formal code reviews for the subnet. Governance remains centralized under the subnet operators, lacking an independent decentralized autonomous organization (DAO) or formal on-chain voting framework.