Binance Wallet, a self-custody crypto wallet integrated into Binance app, announced hosting an exclusive Token Generation Event (TGE) for Mind Network on BNB Smart Chain. This event will be held in collaboration with PancakeSwap, a decentralized crypto exchange.
The Token Generation Event (TGE) for Mind Network Token (FHE) is scheduled for April 10, 2025, from 11:00 AM to 12:00 PM UTC. The main aim of this event is to raise $750,000 in BNB.
A total of 50,000,000 FHE tokens, representing 5% of the total supply will be made available at a price of $0.015 USD per token in BNB. Also, participants are allowed to contribute up to 3 BNB per user.
However, the cryptocurrency wallet has also put out an notice stating that an additional 10,000,000 FHE tokens are allocated for other marketing campaigns to maintain transparency with the users.
Eligibility and Participation
To participate, the users have to maintain a minimum daily asset value of $100 in Binance accounts for seven consecutive days before the TGE. The snapshot period was dedicated from April 3, 2025, to April 9, 2025.
Moreover, participants can only use Binance Wallet accounts that have been backed up and do not require a traditional private key (keyless wallets) to get in or interact with the activity.
Binance’s Role
Binance with such Token Generation Event is giving promising projects such as Mind Network, a chance to launch their tokens and expand its reach to as many users as possible. This program falls under Binance’s plan to help new projects grow by providing them with support, and exposure that is needed to flourish in the industry.
What is Mind Network?
Mind Network is a project that is focusing on data privacy and security in Web3 space by leveraging Fully Homomorphic Encryption (FHE) technology. This allows for quantum-resistant, fully encrypted data processing and AI computation.
- With this project, data is fully encrypted and is protected all the times.
- AI systems can operate autonomously and collaboratively.
- Interacting online is more trustworthy and secure.
The project is also developing new technologies, such as HTTPZ (HyperText Transfer Protocol Zero Trust), to enhance security and data protection within the Web3 space.
Mind Network project has been funded by well-known investors such as Binance Labs and Animoca Brands. The total fundings from these investors has reached up to $12.5 million. Moreover, the project has also collaborated with SingularityNET to launch the ASI Hub, enhancing AI security and verifiable randomness using FHE technology.
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