The total supply of NMT amounts to 10 billion tokens, all securely held within a smart contract. These tokens will be gradually released in accordance with the outlined distribution plan as follows:
- 40% of the total supply (4 billion NMT) is designated as rewards for computational power providers in the network, specifically for training and inference, known as the Volunteer Computing Network Connection Reward.
- 30% of the total supply is set aside for users engaging in staking activities, with the option to stake against any Mind Node, and additional incentives for staking against the top 21 (Master Nodes).
- 20% of the total supply (2 billion NMT) is allocated for the NetMind DAO community.
- 10% of the total supply (1 billion NMT) is reserved for the NetMind technical team. Tokens will be gradually unlocked at a rate of 0.1% annually over a span of 100 years.
Founders of NMT
NetMind Power, a decentralized computing platform, is the brainchild of NetMind.AI, an AI research and software company headquartered in London, UK.
NetMind Token (NMT)
NetMind Power serves as a platform for Machine Learning and AI training, fine-tuning, and inference, catering to machine learning professionals, researchers, and software developers.
NetMind's vision is to establish a global network of computing power for AI models by harnessing the idle GPUs of users worldwide. To achieve this, NetMind Power offers a platform for extensive distributed computing, integrating diverse computing resources globally, and leveraging grid and voluntary computing scheduling architecture along with load balancing technology. The NetMind Power network operates on the blockchain, specifically the NetMind Chain, which governs and decentralizes all tasks, transactions, and functions on the platform. It is important to note that the training process occurs locally on the machines used for training, not on the blockchain.
The blockchain's functionality is supported by the utility token, NMT (NetMind Token), which serves as the native utility token of the NetMind Chain.
