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Token · SN38 · Rank #2,035

Distributed Training (SN38): Uses, Supply and Risks

Distributed Training (SN38) is associated with ChronoLLM, a Bittensor subnet focused on decentralised language-model training. Here is what is known about its purpose, supply and risks.

Price

$1.34

−1.3% 24h

Snapshot as of Nov 6, 2026, not a live quote. Market data: CoinGecko.

Market data

SN38 market data

Market cap
$2.99M
Rank #2,035
Fully diluted value
$2.99M
Volume (24h)
$231K
Change 7d / 30d
−5.0% / −77.0%
Change 1y
+75.6%
Circulating supply
2.23M
Total / max supply
2.23M / 21M
All-time high
$9.87
Sep 26, 2026
All-time low
$0.0166
Apr 3, 2026

## What is Distributed Training (SN38)?

Distributed Training (SN38) is a crypto token associated with ChronoLLM, a Bittensor subnet focused on training large language models that remain consistent across time. The project describes its aim as trustless, decentralised distributed training. In general, distributed training splits machine-learning work across multiple computers rather than relying on one machine; the project’s name and description point to that approach, but do not by themselves explain its technical design or prove how the network performs.

SN38 is categorised within the Bittensor ecosystem and its subnet tokens. Public sources do not specify the subnet’s detailed training process, model outputs, validator rules or how those outputs are used. Treat descriptions of the project’s goal separately from evidence of working products or results. If you are considering the project, look for current technical documentation and verifiable updates from the team before relying on specific claims.

## What is SN38 used for?

SN38 is the token identified with ChronoLLM, but public sources do not spell out its complete economic or technical role. It does not establish whether holding SN38 gives governance rights, whether it is required to provide computing resources, or exactly how rewards and penalties are calculated. Avoid assuming that owning the token directly supports model training or entitles holders to a share of project revenue.

The project is described as part of Bittensor’s subnet ecosystem, but SN38 should not be confused with TAO, Bittensor’s network token. Nor should the token’s association with a subnet be taken as proof that every feature advertised for the wider ecosystem is available to SN38 holders. Before using the token, check current ChronoLLM documentation for the subnet’s participation rules, token mechanics and any changes to its setup. The information available here does not identify a confirmed launch date or provide detailed token distribution terms.

## SN38 supply and market snapshot

As of 2026-11-05, SN38’s reported price was about $1.34, with a market capitalisation of about $3.0 million and 24-hour trading volume of about $392,109. These figures can change quickly and are a snapshot, not a current quote or a guide to future value. Its reported all-time high was $9.87 on 2026-09-26, and its all-time low was about $0.0166 on 2026-04-03; historical extremes do not indicate where the price may go next.

Reported circulating and total supply were both about 2.22 million SN38, against a maximum supply of 21 million. A maximum supply is a limit, not a statement that all tokens have been issued or are available to trade. Public sources do not explain the schedule or conditions for releasing the remaining potential supply. Check current token and market information before making decisions, since supply figures, trading activity and market value can change.

## Risks and storing SN38

SN38 carries the usual risks of a small, volatile crypto asset, including sharp price moves, thin liquidity, project execution risk and uncertainty about token demand. Its stated connection to AI training does not guarantee that the subnet will deliver useful models, attract ongoing participation or create lasting demand for its token. The reported price history also shows why past performance should not be treated as a forecast. Do not rely on a market-cap figure alone to judge a project’s prospects.

Public sources do not identify a confirmed chain or provide wallet and contract details. Before transferring SN38, verify the current network and token identifier through ChronoLLM’s official materials and check that your wallet supports them. A wrong network or address can result in an irreversible loss. Protect your recovery phrase, never share it, and be wary of unsolicited messages or sites asking you to connect a wallet or approve a transaction. Store only what you can afford to lose, and research the project independently.

By the numbers

Distributed Training in numbers

Distributed Training (SN38) is ranked #2,035 by market capitalisation, with a market cap of about $2.99M and a price of $1.34 as of Nov 6, 2026. Its fully diluted valuation ($2.99M) is close to its market cap, so little new supply is still to come.

The price was down 5.0% over 7 days, down 77.0% over 30 days, up 75.6% over the past year. It trades about 86% below its all-time high of $9.87, set on Sep 26, 2026.

About 2.23M SN38 are in circulation out of a maximum supply of 21M (11% issued).

24-hour trading volume was about $231K, or 7.7% of its market cap: moderate turnover.

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Full ranking

SN38 FAQs

What is SN38?

SN38 is associated with ChronoLLM, a Bittensor subnet focused on training large language models. Public sources do not fully describe the token’s functions or economic mechanics.

What is ChronoLLM?

ChronoLLM is described as a subnet for training language models with chronological consistency. That describes its stated focus, but does not establish how well the subnet performs or what its outputs are used for.

What is the maximum supply of SN38?

The reported maximum supply is 21 million SN38. As of 2026-11-05, circulating and total supply were both reported at about 2.22 million; supply figures may change.

Which blockchain is SN38 on?

Public sources do not confirm a specific chain or provide wallet identifiers. Verify the current network and token details through ChronoLLM’s official materials, and make sure your wallet supports the exact network before transferring tokens.

What are the risks of SN38?

SN38 may be exposed to high volatility, liquidity constraints, and uncertainty about the subnet’s development and token demand. Its association with AI training does not guarantee adoption, performance or future value.

What is the market cap of Distributed Training?

As of Nov 6, 2026, Distributed Training had a market cap of about $2.99M, ranking #2,035 among cryptocurrencies by market capitalisation. Market cap is price multiplied by circulating supply, so it moves with the price.

What is the all-time high of SN38?

Distributed Training's all-time high is $9.87, reached on Sep 26, 2026. Its all-time low is $0.0166 (Apr 3, 2026). Past prices say nothing about future returns.

What is the circulating supply of SN38?

As of Nov 6, 2026, about 2.23M SN38 were in circulation, against a maximum supply of 21M.