How THOR's economics work

THOR runs three money flows and keeps them separate. Buyers pay for the units they accept. Worker rewards are paid from SN112 alpha already held in the treasury, reserved in full before a job starts. Customer receipts allocated under THOR's confirmed buyback policy fund purchases of SN112 alpha. A fourth flow, emissions accumulation, funds upcoming work. This page is the reference summary; Demand-first token economics has the full explanation.

Flow 1: buyers pay for accepted units

• The buyer pays for the units they finally accept, under the contract's pricing and terms.
• Customer payments for signed orders will be held in a deposit contract on Bittensor EVM and recognised as customer receipts as accepted units are delivered.
• THOR earns a commercial spread for qualifying suppliers, coordinating production and assuring quality.

Flow 2: treasury alpha funds worker rewards

• Before main production, THOR reserves the job's full budgeted worker reward, including paid cross-checks, from alpha already held in the treasury. This is the contract reserve.
• A job waits if its budget cannot be fully reserved. Expected future emissions and token-price increases are not counted.
• Workers are paid in two stages: a verification-linked portion when a unit passes its checks, and an acceptance-linked portion when the buyer accepts it. The first portion is kept if the buyer later rejects the unit.
• Unused allocations return to the available treasury balance. Reporting shows alpha units paid and their USD value at payout.

Flow 3: customer receipts fund buybacks

• Customer-funded SN112 alpha buybacks are confirmed policy. Receipts allocated under the policy fund purchases of SN112 alpha.
• Buybacks are executed as separate transactions on Bittensor, not inside the deposit contract.
• A buyback allocation is not an executed purchase, and buyback amounts follow the policy and available receipts rather than matching THOR's spread. Buybacks do not guarantee returns to token holders.

Flow 4: emissions accumulation

• The confirmed plan is to turn off miner burn and route the intended emissions allocation into a disclosed multisig.
• These emissions fund upcoming labelling work. They are distinct from customer receipts and completed delivery.
• The multisig dashboard will publish the wallet address, signers and threshold, emissions received, the current balance and every outgoing transaction.

What is kept separate

• Customer charges, treasury-funded worker rewards and any operator incentives.
• Alpha reserved for a job and alpha actually paid.
• An earned reward, an approved transfer and a confirmed on-chain transfer.
• A buyback allocation and an executed buyback.

Key facts

• Network: Bittensor subnet 112 (SN112). The token is SN112 alpha.
• Contract reserve: coldkey 5C7sX7pdVXVMGPu8ratNMTmC5gEsFrGqWJzvCNPQPya7eUAw, balance published live on the revenue dashboard.
• Deposit contract: Bittensor EVM (chain ID 964), not deployed yet; the address will be published at deployment.
• Buyback policy: confirmed. Allocation rules and execution arrangements are not specified in these docs.
• Emissions multisig: confirmed plan; addresses not yet published.

Not yet specified

The applicable operating policies will set the contracting entity and decision-makers, wallet signers and spending limits, buyback allocation rules and control of purchased alpha, and who reconciles and publishes reports, on what cadence. Governance and transparency lists these.