Latest News: Strong entry into three major exchanges! 400% high-yield limited time opening, airdrop ignites the market!
On April 10, Mind Network ($FHE) was launched on Kraken, completing the $FHE airdrop distribution! It also simultaneously opened $FHE staking and agent training functionalities.
During the current limited-time event, users only need to stake a minimum of 10 $FHE tokens to activate an Agent, entering the basic training Hub to learn skills and earn rewards, with an annualized yield (APY) of up to 400%.
At the same time, $FHE has also launched on Binance Alpha interaction.
Launched on MEXC at 20:00 (UTC+8) on the same day, and opened the FHE/USDC interaction market at 20:20.
Project Overview
Mind Network is positioned as a 'HTTPZ' infrastructure based on Fully Homomorphic Encryption (FHE) and quantum resistance, aimed at solving data privacy, secure transmission, and trusted computing issues in Web3. Its core application scenarios include data sovereignty protection, confidential voting, cross-chain communication, and AI security, aligning with the urgent need for privacy-enhancing technologies in the current blockchain field.
Funding History
1. Seed Round (June 2023): $2.5 million, supported by leading Asian institutions such as HashKey Capital and SevenX, reflecting early technology recognition.
2. Pre-A Round (September 2024): $10 million, led by Animoca Brands, showcasing the synergistic potential of the gaming/NFT ecosystem, with the funding scale leapfrogging to validate phased results.
Strategic Value: Investors cover crypto-native funds (such as Arweave SCP) and traditional financial institutions like Barclays, potentially bringing cross-domain application scenarios.
Project Highlights
I. Technical Advantages
1. AI Ecosystem Security Reinforcement: Through Fully Homomorphic Encryption (FHE) technology, providing end-to-end privacy protection for decentralized AI, addressing trust issues in data privacy, model verification, and collaboration of Agentic AI. For example, the voting ranking and task allocation processes of AI models are encrypted throughout, eliminating 'human governance' biases and ensuring fairness.
2. Restaking Expansion Application: Introducing the restaking logic of EigenLayer into the AI domain, allowing users to participate in validation nodes by staking assets (such as LST/LRT), ensuring consensus security of the AI network while integrating multi-chain liquidity (such as remote staking functionality), lowering participation barriers.
II. Ecosystem Explosion and User Growth
1. Rise of AgenticWorld Ecosystem: The decentralized AI collaboration platform AgenticWorld launched on BNB Chain has attracted over 40,000 agents, covering scenarios like medical privacy and cryptographic reasoning, forming a highly active ecosystem.
2. Airdrop and Staking Incentives: The FHE token airdrop covers over 2 million addresses, combined with staking functionality (annualized yield up to 400%), rapidly attracting user participation and promoting token circulation and ecosystem vitality.
III. Market Popularity and Capital Recognition
Leading Popularity Index: After the airdrop event and product launch, RootData's popularity index soared to first in the AI sector, reflecting the market's high attention to its technological potential.
Token Economics
Airdrop Claim: Limited time of 30 days! Users can claim FHE tokens for free, with a total of 75,000,000 tokens (accounting for 7.5%).
FHE Economic Model: $FHE serves as the core application and governance token of Mind Network, with a total supply of 1 billion tokens, an initial circulating supply of 24.9% (approximately 249 million tokens), and the remaining portion for ecosystem development, etc. The community and airdrop distribution ratio exceeds 40%.
Staking Functionality: FHE staking is now open, participating will earn additional rights.
Key Points:
1. Quick Action: Airdrop lasts only 30 days, no extensions.
2. Token Distribution: Transparent economic model, with 75% of tokens empowering the ecosystem in the long term.
3. Value-Added Opportunity: Stake FHE to enjoy dual rewards.
Summary
Mind Network constructs a secure infrastructure for the AI era through the innovative combination of FHE and Restaking, with its explosive ecosystem, technological synergy, and capital endorsement all ranking among the industry's forefront. Recent product launches and user incentive effects are significant, likely to occupy a core position in decentralized AI, privacy computing, and cross-chain security in the long term.
