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  • Tokens
  • τemplar (SN3)

    10/27/2025 12:00 UTC

    $10.33

    % Today
    -0.97%

    Price Chart

    24H: -4.47% |
    7D: -9.80% |
    30D: +1.69%
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    τemplar News

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    Overview

    τemplar (ticker: SN3) is a cryptocurrency that powers a decentralized system for training large language models across the open internet. Instead of running all training on one company’s data center, τemplar coordinates many independent computers—called miners and validators—that share updates to a shared model. The project builds on the Bittensor network, where each “subnet” focuses on a different kind of AI work. τemplar is Bittensor’s Subnet 3, and its design rewards useful contributions that actually improve the model. In short, it’s an AI training protocol with on‑chain incentives and a token economy designed to keep the model getting better over time. (docs.bittensor.com)

    At a high level, miners train on assigned pieces of data and share compressed “pseudo‑gradients.” Validators check how much each update helps the model and then write weights to the blockchain that drive reward distribution. The system includes a communication layer that moves data and checkpoints through cloud storage, while the Bittensor chain coordinates who earned what and when. (docs.tplr.ai)

    Price, Market Position, and Liquidity

    As of 10/27/2025 12:00 UTC, τemplar (SN3) trades at $10.33 with a -4.47% move over the last 24 hours.
    The market capitalization stands at $31M, placing it at rank #1043 by market value.
    Daily trading volume is $29K. τemplar (SN3) has moved -9.80% over the past seven days and +1.69% across the last 30 days.

    History & Team

    τemplar emerged inside the Bittensor ecosystem as Subnet 3 (often stylized “SN3”), nicknamed the “γ templar” subnet in Bittensor’s documentation. It focuses on permissionless, internet‑scale training rather than a single application like chat response or classification. The project’s public materials center on the protocol, code, and research, not corporate branding. The official website and docs highlight how the system works but do not publish a formal founder biography page or an investor roster. (docs.bittensor.com)

    A technical report released in May 2025 lists contributors from Templar AI, Concordia University/Mila, and the Opentensor Foundation, including Joel Lidin, Amir Sarfi, Evangelos Pappas, Samuel Dare, Eugene Belilovsky, and Jacob Steeves. That paper documents a live 1.2‑billion‑parameter training run where participants were paid based on the measured value of their updates—evidence that the incentive ideas work in practice. (ar5iv.org)

    Technology & How It Works

    Core roles: miners and validators

    • Miners train a shared model on data slices assigned in short “windows.” After each window, they upload compressed gradient information. They also pull peers’ updates and keep their local model in sync. (docs.tplr.ai)
    • Validators evaluate the miners’ updates. They check whether an update reduces loss on a held‑out dataset, track consistency over time, and maintain a rating for each miner using the OpenSkill library. Then they set weights on Bittensor, which guide the reward split. (docs.tplr.ai)

    Communication and storage

    A dedicated communication layer coordinates gradient exchange, dataset access, and checkpoint handling. τemplar uses Cloudflare R2 buckets to store gradients, datasets, and aggregated checkpoints. The Comms module handles uploads, downloads, and time‑window checks (updates that arrive too early or too late are ignored). This keeps the protocol resilient to network hiccups while maintaining a global rhythm for training. (docs.tplr.ai)

    Gradient compression

    To ship updates over the public internet, τemplar compresses gradients using a discrete cosine transform (DCT) and top‑k selection, keeping only the most important coefficients. This reduces bandwidth needs while preserving learning signal. Momentum tracking and signed‑update techniques help stabilize training when gradients are sparse. (docs.tplr.ai)

    Evaluation and incentives

    Validators apply a two‑stage approach. First, they run a fast screen to confirm basic formatting, timing, and synchronization. Then, for a subset of miners, they compute how much a miner’s update lowers the model’s loss, rank contributions, and update OpenSkill ratings. The final on‑chain weights are a function of these ratings, plus binary “did it help?” and sync scores. Weight normalization ensures that only positive, quality contributions earn rewards. (docs.tplr.ai)

    Checkpoints and aggregation

    As training proceeds, an aggregator stores periodic checkpoints in R2. New or restarting peers can catch up by loading the latest aggregated state. This helps the network tolerate churn and keeps peers aligned on a common model trajectory. (docs.tplr.ai)

    Research underpinnings

    The team’s research documents “Gauntlet,” the incentive mechanism that ties token rewards directly to measurable training impact, and work on communication‑efficient pre‑training (e.g., SparseLoCo) that uses aggressive sparsification and quantization while matching or beating full‑precision baselines in constrained settings. (ar5iv.org)

    Tokenomics & Utility

    Where SN3 fits in Bittensor

    Bittensor uses a “Dynamic TAO” model in which each subnet has its own alpha (α) token that trades against TAO, the network’s root token. τemplar’s alpha token is SN3. The subnet functions like an automated market maker with two reserves: TAO in reserve and alpha in reserve. The relative price is set by their ratio. When users stake TAO into the subnet, they receive the subnet’s alpha token, which represents participation in that subnet’s economy. (docs.bittensor.com)

    Emissions and supply schedule

    Bittensor emits TAO and alpha to subnets every block. Alpha emissions begin at 1 α per block (before halving) and follow the same halving cycle as TAO. Alpha produced each block is split between the subnet’s reserve (to deepen liquidity) and “alpha outstanding” held by participants, including miners, validators, and the subnet owner according to on‑chain rules. Bittensor’s docs illustrate a standard maximum supply of 21 million units for each subnet’s alpha. While exact live figures move over time, the schedule and the halving logic are baked into the chain’s design. (docs.bittensor.com)

    What SN3 is used for

    • Incentives: Validators set weights; emissions pay out to miners and validators according to those weights. Stakers who hold SN3 (having staked TAO for it) share in the subnet’s emissions stream. (docs.bittensor.com)
    • Signaling: The amount of TAO staked into a subnet and the resulting price of its alpha token help determine the subnet’s weight in the broader network. That market signal steers emission flows toward productive subnets. (docs.bittensor.com)
    • Flexibility: Bittensor now allows subnets to run multiple incentive mechanisms in parallel, each with its own emission split. That means a subnet like τemplar can, in principle, distribute rewards across different evaluation tasks (for example, robustness and data‑quality scoring) while keeping a single token economy. (docs.learnbittensor.org)
    View the detailed Tokenomics Page to see the τemplar (SN3) token unlock schedule — including detailed allocations, dates, and market impact analysis.

    Ecosystem & Use Cases

    Internet‑wide AI training

    The main use case is permissionless LLM pre‑training and improvement. Anyone with compatible hardware can register a miner, process assigned data, and contribute updates. When their updates reduce loss and stay in sync, they earn more weight and more rewards. This design encourages real, measurable model progress rather than mere participation. (docs.tplr.ai)

    Open participation for builders

    Developers can run miners, deploy validators, integrate the Comms module, and plug into R2 storage. The docs are detailed, with references to code for miners, validators, and chain integration, plus dashboards and telemetry guidance. The project’s documentation also links to its GitHub and community channels, making it approachable for technically inclined users. (docs.tplr.ai)

    Research‑driven roadmap

    The published 1.2B‑parameter run and the SparseLoCo work suggest τemplar is aimed at scaling to large models while controlling bandwidth. The immediate goal is to keep improving the training loop and incentive accuracy so that the shared model benefits from diverse internet participants without centralized gatekeeping. (ar5iv.org)

    Advantages & Challenges

    Advantages

    • Permissionless design: Anyone can contribute to model training and be measured on contributions, not reputation. (ar5iv.org)
    • Clear incentive link: Rewards track loss reduction and synchronization, aligning token flow with actual model improvement. (docs.tplr.ai)
    • Communication efficiency: DCT and top‑k compression plus checkpointing help training scale over normal internet links. (docs.tplr.ai)
    • Evolving economics: Multiple incentive mechanisms per subnet let owners tune emissions toward the tasks that matter, while keeping everything on‑chain and transparent. (docs.learnbittensor.org)

    Challenges

    • System complexity: Running miners and validators requires ML know‑how, coordination with time windows, and familiarity with the Bittensor toolchain. (docs.tplr.ai)
    • Data and evaluation quality: Validators must sample fairly and maintain consistent scoring so good work is rewarded. That is a technical and operational challenge at scale. (docs.tplr.ai)
    • Limited public corporate detail: The official site centers on protocol and research; it does not publish a detailed founder page or investor list, which can make non‑technical readers hunt for context. (tplr.ai)

    Where to Buy & Wallets

    τemplar can be purchased on Subnet Tokens, the Bittensor‑native decentralized exchange. SN3 trades directly against TAO under pairs such as SN3/TAO. (geckoterminal.com)

    Bittensor‑compatible wallets include Talisman (browser extension), Nova Wallet (mobile), and Subwallet. Ledger hardware wallets can be used through these apps by installing the Polkadot app in Ledger Live and connecting via a supported wallet interface. To acquire SN3, hold TAO in a Bittensor‑compatible wallet and swap on Subnet Tokens for the SN3 pair. (docs.bittensor.com)

    Regulatory & Compliance

    τemplar operates as a Bittensor subnet token used within an open protocol for training AI models. The project’s official materials focus on the technical framework rather than regulatory positioning. There is no indication on the site or docs of a formal securities filing or registration in the United States or other jurisdictions. As with many utility tokens tied to protocol use, classification can differ by country and can change as rules develop, but τemplar itself is presented as an incentive layer for a decentralized training network rather than a claim on company equity or cash flows. (tplr.ai)

    From an Islamic finance perspective, τemplar is not considered shariah compliant because the project does not publish a shariah screening, an advisory board, or a structure aligned with recognized halal principles. The token’s value and rewards arise from protocol activity and market dynamics in the Bittensor subnet model, not from asset‑backed contracts or profit‑and‑loss sharing structures that are commonly used to establish shariah alignment. This absence of stated compliance procedures is why the token is generally treated as not halal. (tplr.ai)

    Future Outlook

    τemplar sits at the intersection of decentralized compute and open‑source model training. On the technical side, the team has documented real internet‑scale training runs and continues to refine the gradient compression, evaluation, and synchronization pipeline. As Bittensor rolls out features like multiple incentive mechanisms within a single subnet, τemplar gains more levers to channel emissions toward the kinds of contributions it needs most at any given time. This can help the subnet specialize, run parallel scoring tracks, and keep contributors focused on measurable progress. (docs.learnbittensor.org)

    At the network level, Bittensor governance is tightening subnet quality requirements while expanding design space. Documentation now describes how subnets can manage separate reward pools and weight matrices per mechanism, with on‑chain transparency about how emissions are split. These features point toward a more flexible, competitive environment where subnets that deliver strong, verifiable work attract stake and attention. (docs.learnbittensor.org)

    Summary

    τemplar (SN3) is Bittensor’s Subnet 3 for incentivized, internet‑wide training of large language models. Its design links token rewards to actual model improvement through validator scoring and on‑chain weight setting. The technology stack covers miners, validators, gradient compression, checkpointing, and a communication layer that runs over common cloud storage. In Bittensor’s Dynamic TAO economy, SN3 functions as the subnet’s alpha token: stakers obtain it by staking TAO, and emissions flow to miners, validators, and participants based on performance and on‑chain rules. With research‑backed training runs and a growing toolkit in the Bittensor ecosystem—such as multiple incentive mechanisms—τemplar aims to make open, permissionless model training both practical and productive. (docs.tplr.ai)

    Last Updated: 10/25/2025 11:30 UTC

    Description

    #1043

    Templar is a decentralized training framework for large language models on Bittensor, using global computational nodes to collaboratively train models, reward contributions fairly, and compress network traffic for efficient large-scale AI training.

    Sector: AI & Compute
    Blockchain: Bittensor
    2025
    New

    Market Data

    Marketcap Rank (#)
    1043
    Price ($)
    10.33 -9.80% (7d)
    24h Volume ($)
    29K -22.82% (7d)
    Marketcap ($)
    31M
    Fully Diluted Value ($)
    217M
    Circulating Supply
    14% LOW

    Exchange Relationships

    COMPACT
    FULL
    No relationships known yet.

    Important Milestones

    Oct 16, 2025
    BIT-0016 upgrade live
    Governance
    Bittensor implemented network cleanup and multi‑mechanism subnets, capping 128 subnets and enabling parallel incentive mechanisms that τemplar can leverage for task‑specific rewards.
    Oct 7, 2025
    Covenant72B checkpoint one
    Upgrade
    Templar reported first 72B‑parameter run checkpoint showing competitive results versus centralized baseline, with 20+ miners and about 6% communication overhead in permissionless training.
    Jun 15, 2025
    Gradients collaboration announced
    Partnership
    Rayon Labs unveiled a decentralized AI initiative linking Gradients (SN56) with τemplar (SN3) to co‑develop state‑of‑the‑art models across Bittensor’s open training network.
    Jun 10, 2025
    All‑Time High $44.47
    All-Time High
    SN3 reached an all‑time high price of $44.47 on Subnet Tokens, marking peak market interest following growing adoption and research disclosures.
    May 27, 2025
    Gauntlet paper released
    Partnership
    Templar AI, Concordia/Mila, and Opentensor Foundation published Gauntlet, documenting a live 1.2B‑parameter permissionless run tying token rewards to measurable training impact.
    May 26, 2025
    Gauntlet mechanism launched
    Launch
    Gauntlet incentive mechanism launched on Bittensor, aligning τemplar rewards with loss reduction and synchronization, formalizing on‑chain evaluation and payout for permissionless contributors.
    Feb 13, 2025
    Dynamic TAO mainnet
    Governance
    Bittensor activated Dynamic TAO on mainnet, introducing per‑subnet alpha currencies and AMM‑style reserves that define SN3’s issuance, staking, and pricing mechanics.
    Jul 3, 2024
    Network exploit halted
    Security Incident
    Bittensor paused transactions after an exploit drained about 32,000 TAO from wallets; investigation and mitigation followed. Event affected all subnets, including τemplar.