NetMind Token (NMT)

Utility

NetMind Token is a utility token used to pay for services on the NetMind platform, such as AI model training and inference. It facilitates transactions within the decentralized computing network that leverages idle GPUs worldwide.

Rewards and Staking

Users who share their idle GPU power with the network earn NetMind Token as rewards. Token holders can also stake NMT to support network operations, participate in governance, and earn additional rewards.

Decentralized Computing

NetMind Token powers a decentralized platform that makes high-performance computing accessible and affordable by connecting users needing GPU power with those offering it. This supports AI and machine learning projects efficiently.

Governance

Token holders can participate in governance decisions on the NetMind Chain, helping shape the platform’s future development and policies.

Cross-Chain Use

NetMind Token supports cross-chain transfers, allowing movement between NetMind Chain and Binance Smart Chain for broader usability.

Pros

• Utility and Use Cases: NetMind Token is used to pay for AI training and inference services on the NetMind Power platform. It also rewards users who contribute idle GPU resources, encouraging participation.
• Decentralized Computing: The token supports a global network of distributed GPUs, making high-performance computing more accessible and cost-effective.
• Staking Rewards: Users can stake NetMind Token to earn daily rewards, promoting community engagement and network security.
• Integration and Accessibility: It can be added to popular wallets like MetaMask and traded on multiple exchanges, making it easy to manage and use.
• Innovative Technology: The platform uses Proof of Authority consensus and smart contracts for efficient and transparent operations.
• Growing Ecosystem: The tokenomics have been updated to support sustainable growth and incentivize long-term participation.

Cons

• Price Volatility: Like many cryptocurrencies, NetMind Token’s price can fluctuate significantly, which may affect its value.
• Market Sentiment: Some community feedback shows bearish sentiment at times, reflecting uncertainty or cautious outlooks.
• Token Unlock Schedule: Tokens are gradually unlocked over a long period (up to 100 years), which might affect liquidity and supply dynamics.
• Contract Control: The token contract owner has the ability to make changes such as minting or disabling sells, which could impact token behavior.
• Limited Awareness: Compared to major cryptocurrencies, NetMind Token has lower visibility and fewer mentions on social platforms, which might affect adoption speed.

For more details, visit the official site: netmind.ai

Founders

NetMind Token was founded by Kai Zou. He is the CEO and founder of NetMind.AI, the company behind the token. Kai Zou has a background in mathematics, physics, and statistics, with degrees from Tsinghua University and Georgetown University. He also founded ProtagoLabs, an AI research company, and has been involved in AI and Web3 technology for many years.

Leadership

Kai Zou leads the project and has been instrumental in developing the platform and its tokenomics.

For more details, you can visit the official website: netmind.ai

Investors and Strategic Partners

NetMind Token has allocated 7.5 million NMT tokens (about 5% of total supply) specifically for strategic investors and advisors. These investors help strengthen relationships with key partners supporting the project.

Team and Development Fund

The NetMind technical team holds 10 million NMT tokens (around 7% of total supply) reserved as the Team Fund to support ongoing development and operations.

Public and Community Investors

Beyond strategic investors and the team, the remaining tokens are distributed among public investors, users, and the community who buy and trade NetMind Token on exchanges like PancakeSwap and Binance.

Summary

• 7.5 million NMT tokens for strategic investors and advisors
• 10 million NMT tokens reserved for the NetMind team
• Other tokens held by public investors and community members

For more details, visit the official NetMind website or their social channels.

Halal Status

No, NetMind Token is not officially certified as halal. There is no clear Shariah certification or authoritative Islamic finance ruling publicly available confirming that NetMind Token meets halal requirements.

Reason

Halal certification for cryptocurrencies usually depends on factors like the token’s use, how it is issued, and whether it involves interest (riba) or gambling (maysir). Since no official halal certification or fatwa is found for NetMind Token, it cannot be confirmed as halal.