MindNetwork Introduction:

Tags: FHE Infrastructure AI Agent AI

Ecosystem (3): Ethereum BNB Chain Arbitrum

Established: 2022

Mind Network is an 'HTTPZ' infrastructure that uses Fully Homomorphic Encryption (FHE) to lead Web3 into a new era of quantum resistance and end-to-end encryption. Mind Network provides unique solutions for data sovereignty protection, fair consensus, private voting, secure cross-chain transmission, and trustworthy AI.

MindNetwork Vision:

The vision of Mind Network requires an experimental field, and the BNB chain has become the first open blockchain network.

The BNB chain has a large developer community, high throughput, and a rich DeFi and gaming ecosystem, making it an ideal sandbox for exploring agent economic systems.

On the BNB chain, Mind Network has built AgenticWorld, an economic system for agents around staking, training, and collaboration:

Create an agent:

Users can create their own AI agents by staking tokens.

Training and Growth:

The agent learns skills in the foundational center and earns rewards during its growth process.

Participate in tasks:

Mature agents participate in complex tasks and earn rewards based on their performance.

Lifecycle Cycle:

Users can choose to destroy the agent and retrieve their staked assets, allowing its value to return to the system.

This ecosystem binds the earnings of agents to central participation and staking behaviors, forming a self-sustaining world of agents.

AgenticWorld is based on a multi-chain design, and the next step for this ecosystem will expand to MindChain, providing a native home for agent AI.

Mind Network Financing Team:

Mind Network has completed a $2.5 million seed round financing, with investments from Binance Labs, SevenX Ventures, Comma3 Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Mandala Ventures, and others. Mind Network is the only data project in the fifth season of the Binance Incubator and has been selected for the Chainlink BUILD program. Prior to this, Mind Network had established strong partnerships with Chainlink, Consensys, and Arweave. Early clients include globally renowned banks and insurance companies located in London and Singapore, as well as multiple dApps and protocols.

Mind Network Token Economy:

In the recently concluded TGE event, Mind Network performed well: raising a total of 224,778 BNB; with 74,926 addresses participating; overfunded by more than 174 times. Meanwhile, the $FHE airdrop has also been distributed, accounting for 7.5% of the total supply of $FHE tokens.

With the launch of TGE, Mind Network officially announced the $FHE token economic model. According to official information, the total supply of $FHE tokens is 1 billion, with an initial circulation of 24.9%. The specific allocation rules are as follows:

Airdrop: 11.7%

Community: 30%

Public Sale: 5%

Investors: 20%

Team: 17%

Advisors: 1.3%

Liquidity Providers: 5%

Treasury: 10%

As a native token, $FHE's main application scenarios in the Mind Network ecosystem include staking $FHE to activate and run Agentic AI, rewarding ecological contributions, service fee payments, and managing the ecosystem through MindDAO and Hub-based proposals. These multiple effects not only make $FHE a crucial tool for invigorating the ecological economy but also inject more security into the long-term value of $FHE.


Mind Network Development Prospects:

Mind Network aims to bring the next billion users and trillions of dollars into Web3 through zero-knowledge proofs (ZKP) and Fully Homomorphic Encryption (FHE) technology. In addition to the AI network, Mind Network is also expanding the applicability of solutions, collaborating in multiple directions, including decentralized storage, EigenLayer AVS network, Bittensor Subnet, cross-chain bridges, and showcasing the immense potential of FHE.