Binance Wallet has announced a token generation event for the Mind Network project in partnership with PancakeSwap, set for April 10, 2025.
Details of the Token Generation Event and Participation Requirements
The event will take place on the BNB Smart Chain from 14:00 to 15:00 (UTC) on April 10, 2025. The goal is to raise a total of $750,000 worth of BNB during the subscription period. The unit price for FHE will be set at $0.015, and there will be no vesting process. To participate, users must hold at least $100 in their Binance wallets from April 3 to April 9, 2025.
Key Information on FHE Coin Distribution
Coin distribution will be proportional to the amount of BNB contributed by users. Participants will have a greater chance of obtaining FHE coins based on their contributions. After the subscription process, users can reclaim their token allocations and any unused BNB. The listing of coins on decentralized exchanges will start at 15:00 (UTC) on the same day.
What is Mind Network and Its Purpose?
Mind Network aims to build a fully encrypted internet infrastructure using quantum-resistant Fully Homomorphic Encryption (FHE) technology. The project is developing a new protocol called HTTPZ to facilitate secure data processing in Web3 and artificial intelligence, promising both transparency and data security. The FHE token will be used for governance, transaction fees, validating node operations, and voting within the ecosystem.
The token generation event for Mind Network represents a significant step in the project's development, offering users the opportunity to engage in the creation of a new secure internet infrastructure.
