In a notable collaboration, Binance Wallet is set to team up with PancakeSwap for an exclusive Token Generation Event (TGE) dedicated to the Mind Network. Scheduled for April 10, 2025, this one-hour event will allow participants to acquire FHE tokens, the primary asset of the Mind Network, in exchange for BNB.
What Are the Key Details of the Event?
This TGE, taking place on the BNB Smart Chain, aims to raise $750,000 in BNB from 14:00 to 15:00 (UTC). The FHE token will be priced at $0.015, and no vesting period will be applied, allowing for immediate trading.
How Can Participants Engage in the TGE?
To participate in this event, users must maintain a minimum daily balance of $100 in their Binance Wallet or Binance exchange account from April 3 to April 9, 2025. Eligibility will be confirmed through daily asset snapshots, and only Keyless wallets linked to Binance will qualify.
What Is the Distribution Model for FHE Coins?
The allocation of FHE coins during the event will depend on the contributions made in BNB. Users will receive tokens corresponding to their investment, and any unspent BNB can be reclaimed post-event. Listings for these coins on decentralized exchanges will start right after the TGE concludes.
Binance has issued a warning regarding potential fraud, cautioning users that any FHE coins circulating before the official event are deemed invalid. Only the official contract address will be communicated via Mind Network’s official channels, ensuring legitimacy and security in the process.
What Is the Mind Network Initiative?
Mind Network aims to develop a fully encrypted internet framework utilizing quantum-resistant Fully Homomorphic Encryption (FHE) technology. The initiative is working on a new protocol called HTTPZ to facilitate secure data processing in the fields of Web3 and AI, promising enhanced transparency and security.
- The event is scheduled for April 10, 2025, from 14:00 to 15:00 (UTC).
- Users must hold at least $100 to participate in the TGE.
- FHE tokens will be distributed based on the amount of BNB contributed.
- 10 million FHE tokens are set aside for future marketing efforts.
The Mind Network’s FHE coin is designated for governance and transactional purposes within its ecosystem, enhancing the operational framework for protocol fees, node validations, and community voting.
