NetMind Token (NMT)

Payment and Transactions

NetMind Token is used as a utility token to pay for training and inference services on the NetMind platform. It facilitates transactions within the ecosystem, allowing users to access high-performance computing resources for AI and machine learning tasks.

Rewards and Incentives

Users who contribute their idle GPU resources to the network earn NetMind Token as rewards. This encourages more people to share their computing power, helping to build a decentralized and efficient AI computing network.

Staking and Governance

NetMind Token holders can stake their tokens to support network operations and participate in governance decisions. Staking also allows users to earn additional rewards, helping maintain a secure and community-driven platform.

Cross-Chain Transfers

The token supports cross-chain transfers between NetMind Chain and Binance Smart Chain, enabling flexible use and movement of tokens across different blockchain networks.

Decentralized AI Marketplace

NetMind Token is used within a decentralized AI marketplace where developers can offer AI services, and users can access these services on demand, powered by the token.

Advantages

• NetMind Token is a multi-utility token used for payments, rewards, and staking within the NetMind Power ecosystem.
• It enables access to a decentralized platform that uses idle GPUs worldwide for AI model training and inference, making high-performance computing more affordable and accessible.
• The platform integrates advanced technologies like grid computing, load balancing, and voluntary computing scheduling for efficient distributed AI training.
• Users who contribute idle GPU resources earn NMT tokens as incentives.
• The NetMind Chain blockchain supports decentralized management, governance, and transparent reward distribution.
• Staking NMT tokens can earn daily rewards, encouraging community participation.
• The token can be added to popular wallets like MetaMask for easy management and trading.
• Cross-chain bridges allow transferring NMT between NetMind Chain and Binance Smart Chain, increasing flexibility.
• The project has a roadmap with infrastructure upgrades and partnerships that may add long-term value.

Disadvantages

• The contract owner has the ability to change token contract code, including disabling sells or minting tokens, which requires caution.
• NetMind Token has experienced price volatility and a recent bearish sentiment, with some market skepticism about near-term monetization.
• The token's market rank is relatively low (#1351 to #1533), and it has seen significant monthly price declines.
• It is not yet available on major exchanges like Binance for direct purchase or trade.
• The circulating supply and market cap fluctuate, and the token price can be highly volatile.
• Some exchanges require account setup and identity verification before trading NMT.
• The token's price predictions vary widely, indicating uncertainty about future value.

This summary highlights the main benefits and challenges of NetMind Token based on current available information.

Founders

Kai Zou is the founder and CEO of NetMind Token. He also founded NetMind.AI, the company behind the NetMind Power platform. Kai has a strong background in AI research and entrepreneurship, having previously founded ProtagoLabs and AGI Odyssey.

Leadership Team

Yuan He serves as COO, bringing over 20 years of experience in IT, fintech, and real estate.

The founders have chosen to keep some details private, focusing attention on the technology and community rather than individual identities.

Investors & Advisors

7.5 million NetMind Tokens (NMT), which is about 5.08% of the total supply, are reserved for strategic investors and advisors. These tokens are meant to strengthen relationships with key strategic partners. Distribution of these tokens will happen gradually over several years.

Team Fund

10 million NMT tokens (6.78% of the total supply) are allocated to the NetMind technical team as a Team Fund.

Token Allocation Summary

• Strategic investors & advisors: 7.5 million NMT
• Team Fund: 10 million NMT

These allocations show that investors include strategic partners and advisors who support the project, alongside the core technical team.

Halal Status of NetMind Token

• Yes, NetMind Token is considered halal.
• Reason: NetMind Token is a utility token used within a decentralized platform that facilitates computing power sharing for AI and machine learning tasks. It operates transparently on blockchain technology without involving interest (riba) or gambling (maysir), which are key concerns in Islamic finance. The token rewards contributors for providing GPU resources, aligning with permissible business activities.