InfiniteHash
SN89
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN89 (InfiniteHash) is Bittensor Subnet 89, dedicated to decentralized Bitcoin mining and Lightning Network infrastructure operated by Backend Developers Ltd. The project demonstrates technical activity with an actively maintained GitHub repository, structured DevOps tooling, and a deflationary tokenomics design where 100% of BTC mining block rewards earned via Luxor are directed toward SN89 market buybacks and burns. However, several critical weaknesses constrain its overall profile: governance is centralized with pseudonymous contributors, and no third-party security audits or verified audit ratings exist for the subnet codebase. Furthermore, market adoption is minimal, characterized by thin liquidity, low trading volume ($8K-$37K), and a micro-cap rank (#1810). Note: Community Support lacked sufficient verifiable data and was excluded (-1.0) with its weight redistributed across the remaining sections. No qualifying red-flag events or deliberate fraud were identified.
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 InfiniteHash (SN89)
InfiniteHash (SN89) is a token operating on Bittensor Subnet 89, created by Backend Developers Ltd to integrate decentralized Bitcoin proof-of-work mining and Lightning Network infrastructure into the Bittensor network. Under its tokenomics model, 100% of Bitcoin block rewards earned by miners via Luxor's pool are directed toward market buybacks of SN89 tokens, which are then permanently burned.
The project's codebase is maintained in a public repository that includes deployment templates and continuous integration tooling. Governance remains centralized under Backend Developers Ltd without a decentralized autonomous organization (DAO) or on-chain voting, and individual team members are pseudonymous. Furthermore, the InfiniteHash subnet codebase has not undergone a published third-party security audit, and no external audit ratings are registered.
InfiniteHash operates with a micro-scale market footprint, displaying low trading volume between $8,000 and $37,000 and limited overall liquidity. While the project has no reported history of hacks, exploits, depegs, or regulatory actions, it carries structural risks related to Bittensor subnet management dynamics, operational dependencies on external mining infrastructure, and unquantified supply allocation data.