Introduction to NetMind Cryptocurrency and it’s significance
The blockchain industry seems to have welcomed NetMind Token and its growth has shown it all.
NetMind Crypto seems to have come here to stay and investors who have taken a decision to become apart of the its ecosystem Might have made a good decision.
Is it really worth a look and consideration?
NetMind has been developed for enthusiasts. This is developed to help how they access crucial compute power. This is all empowered by artificial intelligence a system that automates everything in the NetMind system.
We must all agree with that marriage between artificial intelligence and blockchain has done more great for the industry and people.
NetMind uses a crypto token called NMT but this is what is seen at the front. But this whole setup enables enthusiasts to access compute power using blockchain and artificial intelligence.
The MindNet project is not just a mere token setup but it has created it own Chain called NetMind Chain which has made it massively trusted and investors see it as a more serious project than most out there on the market.
Without wasting your time allow me break through what shall be covered in todays article
1. Origin and founders of NetMind Token
2. The Blockchain placorm of NetMind project
3. The usecases of NetMind Token
4. The Market performance of NetMind token
5. How to get started with MindNet cryptocurrency
6. Road map and the future of NetMind Token
7. Conclusion and final deductions on NetMind cryptocurrency
How NetMind Token was created and people behind it
Kai Zou founded NetMind Token in 2021 .
According to LinkedIn it shows Kai lives in London United Kingdom and have mmm mmm me over 890 followers on his linked page.
He is also a founder and CEO of AGI Odyssey
He holds a masters of Science from Georgetown University and bachelor’s of science from Tsinghua University.
With headquarters in London , MindNet Power a decentralized computing platform has made sure it creates MindNet.ai an ai research and software company.
The Technology behind NetMind Token and its capabilities
If you are a person who loves decentralized cryptocurrencies then NetMind will leave you so amazed.
This token is built on decentralized blockchain and it prioritizes security and transparency.
It uses Smart Contracts to ensure records are verifiable and each transaction is recorded publically hence instilling confidence and trust amongst users.
I think this is one of the reasons why the market has welcomed NetMind network.
There are several components and key features that make up NetMind network and what is here to serve
1. It has a decentralized ai Marketplace
NetMind Token platform provides a decentralized marketplace where developers offer there services and users in the ecosystem can access them through blockchain and have transaction.
2. The Data security.
NetMind ensures high data security system and privacy protection when using its Ai services on the network
3. The Incentives.
We all know NetMind has its cryptocurrency called NMT . Users or developers who contribute to the ecosystem receive NMT Tokens as the rewards which is money and with a growing value.
It’s important to remember that NetMind has a chain that it uses to accessing GPU Rental and Ai Model Training services on the platform. This also has enabled secure transactions within the web3 ecosystem.
NetMind Token is also available on the Binance Smart Chain and Ethereum for trading with other cryptocurrencies and fiat money.
This has massively allowed greater flexibility and enabled users globally on crypto markets to participate in trading of NMT
WHO is NetMind Token targeting and what are the usecases
NetMind Power as a Platform aims at serving two main categories of people
1. People who will provide computing power to the platform
2. People who will contribute to the running of the blockchain.
Let’s look at the following examples
1. Machine learning Petitioners
Something amazing has been done by NetMind . Practitioners and experts in machine learning are able to use NetMind Token platform to train and fine tune there machine learning models.
Once they are done, they can host them on NetMind platform.
They can access the platform via APIs and be able to embed there models on the platform.
The community of MindNet can see and use there models connected . In return MindNet can compensate these developers and the most important thing is that they do not need to charge there Models weights.
2. It’s so important that Ai researchers from universities or government agencies, or private companies can use the training platform to train and fine tune there machine learning models on a cost effective way to advance their research efforts.
3. Research shows that most software developers are not actually Machine Learning experts. And they need these skills.
For them to embed there ai and machine learning capabilities into their applications they need NetMind platform.
This comes with a cost . But can be done effectively in a scalable way via API
They can host there own proprietary models on NetMind.
4. MindNet is a Volunteer Computing resources provider .
It has been well set that anyone who owns one or several GPUs whether a gamer or cryptocurrency enthusiast, crypto miner etc.
They can contribute there idle machines to the network for other users to train, fine tune and run inference on, and be rewarded with NMT (NetMind Token)
NetMind Token Market performance and NMT Capitalization
The growth of NMT has been remarkable in the last years which has helped it to grow, gain more followers, impact on the crypto market and attract investors.
As of today May 2024, NMT is trading at $9.46 as shown on Coinmarketcap
Previously,this cryptocurrency hit its all time high ATH of $16.05 which was the highest peek.
It’s ATL price was 2.250$ which was also not scaring as most tokens
MindNet Token has a Total supply and maximum supply of 147.57 Million coins with only 33.45 millions in circulation making a $5.84 millions of dollars volume everyday in trading
The Marketcap of NMT is at $316.29 millions and fully diluted Cap at $1.4billions
According to the growth of NMT there has not been too much volatility of the token price which is really amazing.
But this is not yet the conclusion
How to buy and sell NetMind Token ?
It’s so important that before buying NMT Tokens You know which exact exchanges you need to depot your money capital for purchase.
These below are crypto exchanges you can buy NMT
1. Pancakeswap
2. uniswap
3. XT.com
4. CoinEx
5. BitMart
It’s also important to know that this cryptocurrency has not been listed yet on big cryptocurrencies which would mean either of the two
1. An opportunity for you to buy before price explodes to huge amounts and you can’t afford it anymore
2. A possibility that it’s developers don’t have much money to list it in big crypto exchanges since they require a lot of money which means they are broke and waiting for the right time when they have made enough money.
It’s also highly important to understand the significance of holding your crypto in self custody wallets .
It’s completely very risk to hold your assets in centralized exchanges or wallets for any reasons.
Below is a list of decentralized wallets you can hold your NETMIND TOKEN
1. MetaMask
2. TokenPocket
3. Assure Wallet
4. SafePal wallet
5. CoinHub
6. OKX wallet
7. SimpleHold Wallet
8. Binance Wallet
9. Halo wallet
10. XDEFI wallet
11. Venly
12. Bitcoin wallet
13. Frontier wallet
14. FxWallet
Analysis on NetMind Token and Investment Opinion
There is so much competition for the limited coin supply of MINDNET tokens
And this is because it has a very limited supply compared to its intensive marketing, product value and market positioning and solutions it’s offering to the ecosystem
This should be considered a good thing to start with if your main focus is on the Token price.
Investing in cryptocurrencies has been risky from early years. Even big and already established cryptos have failed and disappointed investors.
Investing in NetMind token should be an individual decision based on his or her research and find outs.
Am still skeptical on how NetMind has failed to list its Token on big exchanges and has kept it on small exchanges.
Could there be a reason for this and could this be a reason to get in and get some bags of this coin before it hits big exchanges?
That’s something worth a discuss.
NetMind Token is so good for individuals interested in learning around artificial intelligence and models of machine learning’. If you choose to invest here be sure such kind of information and technology interests you and you want to be part of such an ecosystem.
People who have invested in crypto then have no interests in have been depressed and disappointed with time.
It’s important to invest where you can interact and be able to follow up