Unlock Schedule
τemplar (SN3) Token Unlock & Vesting Schedule
As of November 10, 2026, 5.67 million of the 21 million SN3 (27.00%) have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 3.01 million SN3 (all estimated) from Subnet Alpha Issuance, worth about $14.17 million at today's price (51.10% of the market cap). Today's release is an estimated 8,459 SN3 from Subnet Alpha Issuance.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
SN3’s alpha token
Bittensor introduced subnet alpha tokens through its Dynamic TAO system in February 2025. Each subnet has its own alpha token and a separate supply limit of 21 million units under Bittensor’s issuance rules. SN3’s alpha belongs to Subnet 3, while TAO serves the wider network. Holding an SN3 alpha position is an economic connection to that subnet; ownership alone does not train a model or submit research work. (bittensor.com)
The token’s incentive role comes from Bittensor’s reward process. Its protocol directs portions of newly issued subnet alpha toward miners, validators and their stakers, and the subnet owner. Miners earn according to the weights set for useful work under the subnet’s operating method. Validators evaluate that work, while stakers can support validators through subnet stake positions. The chain’s standard participant split assigns 41% to miners, 41% to validators and stakers, and 18% to the subnet owner, with further rules governing how the validator portion is shared. (bittensor.com)
TAO and subnet alpha also meet in Bittensor’s built-in pools. Adding TAO stake to a subnet converts TAO into an alpha stake position through its pool; removing that stake reverses the process. This links the token’s exchange and staking functions to Bittensor itself rather than to τemplar’s model-training code. As a result, the alpha token can remain part of Subnet 3’s economics even as the subnet changes its research method. (bittensor.com)
Upcoming SN3 Releases
| Period | Allocation | Type | Amount | Value | % of supply |
|---|---|---|---|---|---|
| Nov 10 – 30, 2026 | Subnet Alpha Issuance | Issuance, estimated | 177.6K | $835.7K | 0.85% |
| Dec 2026 | Subnet Alpha Issuance | Issuance, estimated | 262.2K | $1.2M | 1.25% |
| Jan 2027 | Subnet Alpha Issuance | Issuance, estimated | 262.2K | $1.2M | 1.25% |
| Feb 2027 | Subnet Alpha Issuance | Issuance, estimated | 236.9K | $1.1M | 1.13% |
| Mar 2027 | Subnet Alpha Issuance | Issuance, estimated | 262.2K | $1.2M | 1.25% |
| Apr 2027 | Subnet Alpha Issuance | Issuance, estimated | 253.8K | $1.2M | 1.21% |
| Total, next 12 months | 3M | $14.2M | 14.34% | ||
Values at $4.70 per SN3 (November 10, 2026), today's price, not a forecast. Releases continue after October 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.
Assumptions
SN3 alpha enters supply through participant rewards and minting into its liquidity pool, subject to a 21 million-token maximum. Recycling and burns can reduce outstanding alpha, but their cumulative SN3 amounts and the dates of future halvings remain unverified. The chart shows net outstanding supply from an estimated February 2025 starting point to the supplied October 2026 reference, with estimated changes between observations. Independently sourced quarterly readings for early 2025 and an independently confirmed current total are still missing.
- Subnet Alpha Issuance: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- 1. https://www.bittensor.com/docs/concepts/emissions
- 2. https://taostats.io/docs/concepts/how-emission-works/alpha-emission
- 3. https://taostats.io/docs/concepts/tokenomics/halving
- 4. https://taostats.io/docs/concepts/how-emission-works/split-alpha-out
- 5. https://taostats.io/docs/api-reference/subnet/get-pool-history
- 6. https://taostats.io/subnets/3
- 7. https://docs.learnbittensor.org/dynamic-tao/dtao-guide
- 8. https://docs.tplr.ai/
- 9. https://subnetradar.com/alpha/halving/3
- 10. https://www.yumaai.com/updates/state-of-bittensor-volume-2.pdf
- 11. https://taostats.io/docs/concepts/tokenomics/recycling
- 12. https://taostats.io/docs/concepts/tokenomics/burning
- 13. https://taostats.io/docs/concepts/tokenomics/tokenomics
- 14. https://www.coingecko.com/
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Subnet Tokens (DEX) | 61K | 623K/621K |
Allocations
Net total supply: these totals already subtract burned tokens, so the chart shows the supply that exists, not every token created
Estimated from the last observation onward: about 8,459 per day (257,473 per month), the rate between the observations of 15 August 2026 and 10 October 2026.
Description
#671
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 |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Subnet Tokens (DEX) | 61K | 623K/621K |