basilica

SN39 Price

About basilica (sn39)

Basilica is a decentralized GPU compute marketplace operating as Subnet 39 on the Bittensor network, designed to provide high-performance infrastructure for AI workloads.

• The platform facilitates access to high-quality GPU resources for machine learning tasks such as training, fine-tuning, and model deployment.
• It serves as a foundational layer within the Covenant AI ecosystem, working alongside other subnets like Templar and Grail.
• Basilica utilizes a performance-first model that uses smart contract-based collateral to ensure reliable service delivery from compute providers.

What Is basilica

Basilica functions as a decentralized marketplace for high-performance compute resources. Its primary objective is to provide a reliable infrastructure layer for the Covenant AI ecosystem, which includes other specialized subnets like Templar (SN3) and Grail (SN81). By operating within the Bittensor Ecosystem, Basilica enables a trustless exchange of GPU power between resource providers and users.

Value in the system is driven by the demand for machine learning capabilities. AI researchers, developers, and organizations can source the necessary GPU access for complex tasks, while miners (compute providers) are incentivized to maintain high-quality hardware. The token is put to work through collateralization; miners must lock assets to guarantee service delivery, creating a system where reliability is prioritized over simple price competition. This mechanism is intended to scale as the broader AI ecosystem expands and requires more robust decentralized compute.

What Makes basilica Unique

• Performance-First Approach: Unlike marketplaces that focus solely on price arbitrage, Basilica prioritizes the quality and reliability of compute resources to meet the needs of professional AI workloads.
• Ecosystem Synergy: As the infrastructure backbone for Covenant AI, it is deeply integrated with subnets focused on other AI-related services, providing a comprehensive decentralized stack.
• Collateral-Backed Service: The platform uses smart contract-based collateral systems to ensure that compute providers fulfill their obligations, reducing the risk of service interruptions.

What Can You Use basilica for?

• GPU Resource Sourcing: Users can obtain access to high-performance GPU nodes required for intensive computational tasks.
• Machine Learning Training: The infrastructure supports the training and fine-tuning of machine learning models on a decentralized network.
• Model Deployment: Developers can use the platform's reliable compute nodes to deploy and run AI models.
• Incentivized Provisioning: Compute providers can lease their idle GPU capacity to the marketplace to earn rewards while contributing to the network's processing power.

How Does basilica Work?

Basilica operates as a specialized subnet on the Bittensor network. It acts as a coordination layer that matches the supply of GPU compute from miners with the demand from AI developers. The system implements a verification protocol to ensure that the hardware provided meets the specified performance standards.

To maintain network integrity, Basilica utilizes smart contracts to manage collateral. Miners are required to stake tokens as a performance bond; if they fail to deliver the promised compute quality or uptime, their collateral may be penalized. This structure ensures that the marketplace remains reliable for end-users. Transactional costs within the platform are categorized as protocol service fees, which facilitate the operation of the marketplace and incentivize the maintenance of the infrastructure.

Team Info and Investors

The available sources do not specify individual team members or detailed investor backgrounds. The project is developed as part of the Covenant AI ecosystem and operates as a decentralized subnet within the broader Bittensor network.

Where can you buy basilica?

SN39 tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade basilica is Subnet Tokens, where the most active trading pair SN39/SN0 has a trading volume of $76,483.35 in the last 24 hours.

What is the daily trading volume of basilica (SN39)?

The trading volume of basilica (SN39) is $76,483.56 in the last 24 hours, representing a -8.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for basilica (SN39)?

basilica (SN39) reached an all-time high of $15.73 and an all-time low of $0.01365. It’s now trading -84.90% below that peak and 17,348.80% above its lowest price.

What is the market cap of basilica (SN39)?

Market capitalization of basilica (SN39) is $10,951,616 and is ranked #1197 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SN39 tokens (4.6 Million tokens are tradable on the market today).

What is the fully diluted valuation of basilica (SN39)?

The fully diluted valuation (FDV) of basilica (SN39) is $10,951,616. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million SN39 tokens are in circulation today. Depending on how the emission schedule of SN39 tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of basilica compare against its peers?

With a price increase of 14.20% in the last 7 days, basilica (SN39) is outperforming the global cryptocurrency market which is down -4.10%, while outperforming when compared to similar Artificial Intelligence (AI) cryptocurrencies which are up 2.30%.