What is NetMind Token (NMT)? NetMind Power is a platform for machine learning and artificial intelligence training, fine-tuning, and inference for machine learning professionals, researchers, and software developers.

NetMind's mission is to create a global network of computing power for AI models using idle GPUs from users around the world. As part of this mission, NetMind Power provides a large-scale distributed computing platform that integrates global heterogeneous computing resources and leverages grid and voluntary computing scheduling architectures and load balancing technologies. The NetMind power network is built and managed based on 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 occurs locally on the machine used for training, not on the blockchain. The operation of the blockchain will be facilitated through the use of utility token NMT (NetMind Token).

NetMind Token (NMT) is the native utility token of the NetMind chain. How much NMT is in circulation? The total supply of NMT is 10 billion. All tokens are locked in smart contracts that will gradually unlock tokens according to the distribution plan outlined below. 1. 40% of the total supply (4 billion NMT) is allocated as rewards to providers of network computing power for training and inference. This reward is called Volunteer Computing Network Connection Reward 2. 30% of the total supply is reserved to reward users who participate in staking. Users can choose to stake any Mind Node and are incentivized to stake the first 21 nodes (masternodes). 3. 20% of the total supply (2 billion NMT) is reserved for the NetMind DAO community. 4. 10% of the total supply (1 billion NMT) is reserved for the NetMind technical team.

Tokens will be unlocked at a rate of 0.1% per year for 100 years. Who is the founder of NMT? NetMind Power is a decentralized computing platform developed by NetMind.AI, an artificial intelligence research and software company headquartered in London, UK, and Washington, DC, USA.