NetMind Token NMT / NetMind Token

What is NetMind Token (NMT)？

NetMind Power is a platform for Machine Learning and AI training, fine-tuning and inference, aimed at machine learning professionals, researchers, and software developers.

NetMind's mission is to create a global network of computing power for AI models by utilizing the idle GPUs of users worldwide. As part of this mission, NetMind Power provides a platform for large-scale distributed computing, integrating heterogeneous computing resources globally, and leveraging grid and voluntary computing scheduling architecture and load balancing technology. The NetMind power network is built upon and governed using the blockchain, NetMind Chain. NetMind Chain enables the decentralization of all tasks, transactions and functions that occur on the platform. To be clear, the training process happens locally on the machines being used for training, not on the blockchain.

The operation of the blockchain will be facilitated by usage of a utility token, NMT (NetMind Token). NetMind Token (NMT) is the native utility token of the NetMind Chain.

How Many NMT Are There in Circulation?

The total supply of NMT is 147,571,163 tokens. All tokens were locked in a smart contract, which will gradually unlock the tokens according to the allocation plan outlined below. 62.5 million NMT (55.31% of new issuance; 42.35% of new total supply) is allocated as the Mining Rewards for providers of computational power to the network, used for GPU rental, training and inference. 16.5 million NMT (14.60% of new issuance; 11.18% of new total supply) is allocated as the Staking Reward for users who participate in staking and providing liquidity. 16.5 million NMT (14.60% of new issuance; 11.18% of new total supply) is allocated as the Ecosystem Growth Fund dedicated to expanding and enriching the ecosystem. 7.5 million NMT (6.64% of new issuance; 5.08% of new total supply) is reserved for strategic investors & advisors, which is a new category with 7,500,000 tokens aimed at reinforcing relationships with key strategic partners. 10 million NMT (8.85% of new issuance; 6.78% of new total supply) is allocated as the Team Fund reserved for the NetMind technical team.

Who Are the Founders of NMT?

NetMind Power, a decentralized computing platform, is developed by NetMind.AI, an AI research and software company based in London, UK.