RCS - Sundae Bar PLC - Subnet 121 Plan Released on Bittensor Network

Sundae BarAnnouncement

Mon 12:00

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RNS Number : 3344Z  Sundae Bar PLC  15 September 2025

 

15 September 2025

Sundae Bar Plc
 ("sundae_bar" or the "Company")

Announcement of Subnet 121 Official Plan on Bittensor Network

Sundae Bar Plc (AIM: SBAR), the unified marketplace for AI Agents, is pleased
to announce that sundae_bar's strategic plan for Subnet 121 has been formally
released to the Bittensor network.

Bittensor is an open-source, decentralized network that creates an
incentivised network for intelligence. Its architecture currently supports 128
subnets, a temporary cap introduced to safeguard network quality and prevent
dilution of incentives. Each subnet represents an independently run economy,
specializing in a distinct domain of intelligence. sundae_bar operates Subnet
121, one of these scarce and competitive economies.

sundae_bar has today released to the Bittensor network its plan for Subnet 121
which will be set up as an incentivised AI agent creation economy. Anyone with
the need for an agent can submit a real-world problem as a brief, developers
compete to build agents that solve it, and the community votes on the best
agents. Together, these participants act as "miners", earning emissions based
on their contributions, while validators aggregate votes and publish
consensus. Agents that succeed in the subnet's competitive process are
eligible to be listed on sundae_bar's consumer-facing marketplace as
'preferred agents,' where together with sundae_bar, both developers and brief
writers share in the resulting revenue.

This model aligns crypto-native incentives with real-world demand, creating a
pipeline of validated, high-utility agents available for businesses and
individuals to access via sundae_bar.

Subnet 121 supports sundae_bar's mission to build the definitive AI Agent
marketplace by:

·      Creating a continuous pipeline of enterprise-grade agents.

·      Attracting top developers and brief writers to contribute and
monetise their work.

·      Supporting the long-term Alpha Token value of Subnet 121,
ensuring a sustainable incentivised ecosystem.

 

Subnet 121 Growth Highlights (as of 15/09/25 @ 12:00am London time)

 

·  Subnet 121 Alpha Token Holdings: 105,228 tokens, all generated from
subnet owner emissions since 17/06/25. At the current exchange rate, this is
equivalent to ≈520.19 TAO (≈US$182,000).

 

·  Subnet 121 Market Capitalisation: Approximately US$1.48 million (fully
diluted valuation ≈US$36.45 million).

 

·  Daily Emissions: 34.5 TAO/day (≈US$12,100/day). Subnet 121 represents
18% of this total, providing sundae_bar with an allocation valued at ≈6.21
TAO/day (≈US$2,180/day) as Subnet Owner

Jill Kenney, CEO of sundae_bar, comments: "With Subnet 121 now live, we are
entering the next phase of our journey to build the definitive AI Agent
marketplace. Think of Subnet 121 as the engine that powers this marketplace,
creating a pipeline of high-utility agents that deliver measurable value. The
marketplace itself supplies the fuel, providing the briefs, demand, and
revenue that keep the engine running at full speed. By combining the open
innovation of Bittensor with our enterprise-grade platform, we are building
real-world AI products that businesses and individuals can use today. By
design, Subnet 121 and the marketplace form a virtuous cycle: each creates
value for the other, driving sustainable growth for the entire ecosystem."

For further information please contact:

Sundae Bar Plc

 Jill Kenney

 +44 (0) 20 3004 9512

Yellow Jersey PR Limited

 (Financial PR)

 Charles Goodwin & Annabelle Wills

 +44 (0) 20 3004 9512

About Bittensor:
Bittensor is an open-source, decentralized network that creates a global
marketplace for intelligence. Its architecture currently supports 128
subnets.  Each subnet represents an independently run economy, specializing
in a distinct domain of intelligence.

For more information, visit: bittensor.com

About Subnet 121

Subnet 121, operated by sundae_bar (AIM: SBAR), is an incentivised AI agent
creation economy on the Bittensor network. It is designed to continuously
generate and curate a pipeline of high-quality AI agents, feeding directly
into sundae_bar's marketplace platform to power adoption, monetisation, and
long-term ecosystem growth.

For more information visit:  taostats.io/subnets/121/chart

 

About sundae_bar:

Following its successful AIM admission in June 2025, sundae_bar operates a
live beta marketplace at sundaebar.ai featuring AI agents across critical
business functions including HR automation, cryptocurrency trading, and
marketing operations. The platform emerged from the strategic merger of Ora
Technology PLC and Kondor AI PLC, combining enterprise-grade marketplace
infrastructure with proven AI expertise and an established community of
60,000+ users.

For more information, visit: sundaebar.ai

Glossary

·      Alpha Token (ALPHA-121): The native token of Subnet 121 on the
Bittensor network. Each subnet issues its own Alpha token that is used to
align incentives with a fixed maximum supply of 21 million. Alpha tokens are
emitted block by block and distributed between miners (41%), validators (41%),
and the subnet owner (18%).

·      Market Capitalisation (Market Cap): Calculated by multiplying the
current Alpha token price by the circulating supply of Alpha tokens. It
represents the real-time market value of tokens currently in circulation.

·      Fully Diluted Valuation (FDV): Calculated by multiplying the
current Alpha token price by the maximum supply of 21 million Alpha tokens.
FDV represents the theoretical market capitalisation if all tokens were in
circulation.

·      Emissions: The daily distribution of newly minted tokens within
the Bittensor network. For Subnet 121, daily emissions are denominated in TAO
and then split between miners, validators, and the subnet owner according to
the fixed 41/41/18% allocation.

·      Miners: Participants who provide resources (such as compute,
data, liquidity, or models) to a subnet. Miners earn rewards from subnet
emissions based on the usefulness of their work.

·      Validators: Participants who evaluate the performance of miners
within a subnet. Validators score miners, ensuring quality and fair
competition.

·      Subnet Owner Allocation: The fixed 18% share of daily emissions
received by the operator of the subnet (in this case, sundae_bar) for
maintaining and operating the network.

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