Mind Network is launching its exclusive Token Generation Event (TGE) via Binance Wallet, in partnership with PancakeSwap. Hosted on the BNB Smart Chain, the event will open a $750,000 FHE token subscription round, giving users early access to Mind Network’s governance and utility token.
Event Details
- Token Name: Mind Network (FHE)
- Blockchain: BNB Smart Chain
- Subscription Period: April 10, 2025, from 11:00 AM to 12:00 PM UTC
- Total Raise: $750,000 (in BNB)
- Total Tokens Available: 50,000,000 FHE (5% of the total supply)
- Token Price: $0.015 per FHE (converted to BNB)
- Subscription Limit: Up to 3 BNB per Binance Wallet user
- Allocation Method: Based on a pro-rata system relative to the total deposited amount
- Vesting: No vesting
- DEX Trading Start: Immediately after 12:00 PM UTC on April 12, 2025, on Binance Wallet DEX or PancakeSwap
- Qualified User: To qualify, participants must maintain a minimum daily asset value of $100 in Binance accounts or Binance Wallet for 7 consecutive days before the TGE start date. Check your eligibility on the PancakeSwap TGE event page.
What is Mind Network?
Mind Network leads the charge in building quantum-resistant infrastructure using Fully Homomorphic Encryption (FHE), paving the way for a future where all data and AI computations remain fully encrypted.
In partnership with leading industry players, the project is building HTTPZ – a Zero Trust Internet Protocol, to redefine security standards for AI and encrypted data processing across Web3 and decentralized ecosystems.
Follow Mind Network for more information:
Mind Network home page – Source: Mind Network
What is FHE?
FHE is the native governance and utility token of Mind Network. It plays a vital role in the ecosystem and is used for various key functions, including:
- Paying encrypted computation fees
- Staking to support node operations
- Participating in protocol governance decisions.
How to Participate
To participate, users must first update their Binance app to the latest version. Then follow these steps:
- Only users with BNB on the BNB Smart Chain can subscribe, using a backed-up, keyless Binance Wallet.
- If you don’t have BNB, you can swap within the Binance Wallet or deposit from your Binance Spot account.
- Commit your BNB once the subscription period begins.
- The system will calculate token allocations on a pro-rata basis, and users can claim their tokens after the event ends.
Token allocation formula
Token allocation is based on your share of the total BNB pool. The formula is:
(Your BNB contribution ÷ Total BNB contributed) × $750,000 (in BNB).
The system instantly refunds any extra BNB you commit after the IDO ends.
Important Reminders
- You cannot trade FHE tokens before the subscription period ends. Treat any FHE tokens circulating before this date as fraudulent. Users should verify the FHE contract address through Mind Network’ official channels.
- The total allocation pool for this activity is inclusive of all network and gas fees that may incur during the distribution of tokens.
- An additional 10,000,000 FHE tokens are allocated to the other marketing campaigns (distributed in batches) with the exclusive TGE event. The Binance team will share more details in future announcements.
This event highlights Binance Wallet’s commitment to supporting Web3 projects while offering users early investment opportunities in promising blockchain ecosystems.
Read more: There Will be More BNB Chain Token Listed on Binance
