NMTNetMind Token (NMT) Price

1. Project introduction

NetMind Power is a decentralized platform aimed at Machine Learning practitioners, researchers, and software developers. The platform allows owners of GPUs to contribute them to the network to provide computing power for machine learning model training and inference. By adopting a community-driven approach, NetMind Power leverages the power of the crowd to encourage collaboration in AI and promote the development of better and more powerful AI models in the future.

The technical solutions offered by NetMind Power, including its management system, blockchain technology, and asynchronous training algorithm, provide a reliable and secure platform for participants to share their idle GPUs and for users to build AI models.

2. Token application and distribution

Token application:

NetMind Token (NMT) is the native utility token of the NetMind Chain. The total supply of NMT is 10 billion tokens. All tokens are locked in a smart contract, which will gradually unlock the tokens according to the distribution plan outlined below.

NetMind Token is designed to serve multiple functions within the platform, including payment for training and inference on the platform and as rewards for users who contribute their idle GPU resources to the network.

Token distribution:

20% of the total supply (2 billion NMT) is reserved for the NetMind DAO community.

30% of the total supply is reserved for rewarding users who participate in staking.

40% of the total supply (4 billion NMT) is allocated as rewards for providers of computational power to the network, used for training and inference.

10% of the total supply (1 billion NMT) is reserved for the NetMind technical team.T