Bitcast
SN93
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SN93 (Bitcast) is a decentralized creator and influencer marketing subnet (NETUID 93) operating within the Bittensor ecosystem, co-founded by Tom and Will Blears. The project demonstrates active development with public documentation, a published roadmap, and defensive anti-gaming reward mechanics. However, the evaluation is constrained by a data gap in Community Support (scored -1.0 due to insufficient attributable data on governance participation and social metrics, which was excluded from the weighted scoring). Tokenomics reflects a burn mechanism and linear vesting but suffers from incomplete supply disclosures and contradictory price feeds across aggregators. The project has a sub-$10M market cap with low liquidity, centralized founder-led governance lacking DAO structures, and a complete absence of third-party smart contract audits. On the positive side, no hacks, exploits, regulatory actions, or delistings were identified. No red-flag events were triggered, leading to an overall score derived strictly from the redistributed weighted average.
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 Bitcast (SN93)
Bitcast (SN93) is a decentralized content and creator-marketing protocol operating as Subnet 93 (NETUID 93) on the Bittensor blockchain. Co-founded by Tom Blears and Will Blears, the platform is designed to provide marketing and creator-economy infrastructure within the Bittensor network. The protocol utilizes a multi-layered rewards mechanism and incorporates defensive mechanisms, such as lookback windows and revenue caps, intended to prevent reward manipulation and fraudulent engagement.
The SN93 token economics incorporate a dynamic supply flag, an estimated 22% burn mechanism, and linear vesting schedules for liquidity pool allocations to manage supply distribution. Protocol dashboards indicate over $508,000 in lifetime rewards and ongoing revenue-to-buyback activity. However, comprehensive distribution tables and verifiable total supply documentation remain limited across public tracking sources.
Governance of the protocol is founder-led and centralized, lacking formal DAO voting or decentralized decision-making frameworks. In addition, Bitcast has not undergone external smart contract audits by independent security firms. The token exhibits a market capitalization below $10 million, thin trading volume, and conflicting price data across aggregators. The project has no recorded history of security breaches, protocol exploits, exchange delistings, or regulatory actions.