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

NetMinds mission is to harness global users idle GPUs to create a worldwide network of computing power for AI models. As part of this mission, NetMind Power provides a large-scale distributed computing platform that consolidates global heterogeneous computing resources and leverages grid and voluntary computing scheduling architectures and load balancing technologies. The NetMind Power Network is built and managed on the blockchain, NetMind Chain. NetMind Chain enables decentralization of all tasks, transactions, and functionalities on the platform. Its important to note that the training process occurs locally on the machines used for training, not on the blockchain. The operation of the blockchain will be facilitated through the use of the utility token NMT (NetMind Token).

The NetMind Token (NMT) is the native utility token of the NetMind Chain. How many NMTs are in circulation? The total supply of NMT is 10 billion tokens. All tokens are locked in a smart contract that gradually unlocks them according to the distribution schedule outlined below: 1. 40% of the total supply (4 billion NMT) is allocated as rewards for providers of network computing power for training and inference. This reward is known as the 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 incentivize staking of the top 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 unlock at a rate of 0.1% per year over 100 years. Who are the founders of NMT? NetMind Power is a decentralized computing platform developed by NetMind.AI, an AI research and software company based in London, UK, and Washington D.C., USA.