On Thursday, the wallet launched a new project with a new 'initial offering access mechanism'. Expectations were high, but the returns that day fell short, and the data probably doesn't look good; no report was updated afterward.
Over the weekend, altcoins surged, and $FHE surprisingly doubled, upgrading from 'Dai Mei' to 'Hai Di Lao'. The momentum has arrived, so let's update this earnings report 😆
Let's analyze the fundamental aspects of the Mind Network project and the reasons behind its price surge:
Mind Network has built an infrastructure called 'HTTPZ' that employs Fully Homomorphic Encryption (FHE) technology to promote quantum-resistant encryption in the web3 field.
💡 Let's talk about Fully Homomorphic Encryption
A type of encryption technology that allows computation directly on encrypted data without the need for decryption or knowledge of the specific content of the data.
Specific application scenarios include: private voting, cross-chain transmission, and encrypted computation between AI networks.
Unlike the old narratives of traditional DeFi, the narrative of Mind Network is still relatively new and incorporates themes like AI and quantum-resistant encryption.
👉🏻 Let's evaluate the recent initial offerings of the Binance wallet:
The conclusion is: new narrative projects yield higher returns, especially those that can leverage AI themes, such as
$SHELL (Agent platform) pumpBTC (AI financial management) and this issue's Mind Network
Moreover, the returns on yield-generating projects are generally low.
