What Is NetMind Token (NMT) and How Does It Work?
NetMind Token (NMT) is the native utility token of NetMind, a
decentralized AI computing and machine learning platform designed to make large-scale AI training more accessible, efficient, and cost-effective. NetMind connects global GPU providers with AI developers, enterprises, and researchers through a decentralized infrastructure, helping solve the growing shortage and high cost of AI compute resources.
NMT acts as the economic backbone of the NetMind ecosystem. It is used to pay for AI compute services, including model training, inference tasks, and access to distributed GPU power through NetMind Power. By using a token-based system, NetMind enables transparent pricing, automated settlement, and global participation without relying on traditional intermediaries.
The token also plays a role in network incentives and alignment. GPU providers, node operators, and contributors can earn NMT rewards for supplying computing resources or supporting the network. At the same time, staking and usage-based mechanisms help encourage long-term participation, improve network reliability, and align the interests of developers, compute providers, and token holders within the NetMind AI ecosystem.
When Did NetMind Token Launch?
NetMind Token (NMT) was launched in early 2024 as the native utility token powering the decentralized AI compute ecosystem built by NetMind.AI, a London-based AI and Web3 infrastructure company founded by Kai Zou, who serves as CEO and has a background in mathematics and AI research. The NetMind project began development in 2021 with the vision of tapping global idle GPU resources for affordable, decentralized AI training and inference, officially launching its token and ecosystem in February 2024 to facilitate payments, rewards, and governance on NetMind Chain.
NetMind Token Key Milestones and Roadmap
- 2021: Project conception and early development of distributed compute ideas
- Mid 2023: NetMind ecosystem and infrastructure take shape
- Feb 2024: NetMind Token (NMT) officially launches and begins trading on exchanges
- Apr 2024: Updated tokenomics framework rolled out to support long-term incentive design
- 2025: Strategic funding secured to expand ecosystem and partnerships
- 2026: Continued listings, ecosystem adoption, and compute marketplace growth
What Is the NMT Token Utility?
NetMind Token (NMT) is the core utility token of the NetMind ecosystem, powering transactions, incentives, and network participation across the decentralized AI compute platform. Users spend NMT to pay for AI compute services, including model training and inference tasks, on NetMind’s distributed GPU network, while token holders and resource providers can earn rewards and staking benefits for contributing compute power or supporting network operations. NMT’s design also incorporates mechanisms like staking-driven burns and deflationary incentives to help balance token supply and align long-term value with platform usage and growth.
You can trade NMT directly on the
BingX spot market by placing buy or sell orders against the
NMT/USDT trading pair using the BingX trading interface. Simply log into your BingX account, navigate to the Spot trading section, search for NetMind Token (NMT), and choose your order type (
market, limit, etc.) to execute trades instantly or at your desired price.
What Is NetMind Token Tokenomics?
NetMind Token (NMT) has a finite total supply of 147,571,163 tokens, all of which were initially locked in a smart contract and are being gradually unlocked over time according to a structured allocation plan. This cap helps define the maximum number of NMT tokens that can ever exist and supports scarcity as the ecosystem grows.
NMT Token Allocation
- Mining (50.9%) – 57,500,000 NMT: Allocated to GPU mining and compute contributors powering NetMind’s decentralized AI infrastructure.
- Staking (14.6%) – 16,500,000 NMT: Reserved for
staking rewards to incentivize long-term participation and network security.
- Ecosystem Growth Fund (14.6%) – 16,500,000 NMT: Used to support ecosystem expansion, partnerships, developer incentives, and platform growth.
- Team (8.8%) – 10,000,000 NMT: Allocated to the core team to fund long-term development and protocol maintenance.
- Strategic Investors and Advisors (6.6%) – 7,500,000 NMT: Reserved for early strategic backers and advisors supporting NetMind’s growth and adoption.
- Early GPU Contributors (4.4%) – 5,000,000 NMT: Rewarded to early GPU providers who supported the network during its initial stages.
How to Earn NMT Tokens on NetMind Power
You can earn NetMind Token (NMT) on NetMind Power by actively contributing computing resources and participating in the network’s incentive mechanisms. Here’s how it works:
1. Contribute GPU Compute Power: By connecting your GPU to NetMind Power, you can provide decentralized computing resources for AI model training and inference. In return, you earn NMT rewards based on factors such as GPU performance, uptime, and actual compute usage by the network.
2. Participate in Mining and Compute Tasks: NetMind uses a workload-based reward model where GPUs are assigned real AI tasks. The more reliable and efficient your hardware contribution, the more NMT you can earn from mining and compute rewards.
3. Stake NMT to Enhance Participation: Staking NMT can unlock higher participation tiers, improve reward eligibility, and align incentives with long-term network growth. Some rewards are distributed through staking-linked mechanisms to encourage sustained involvement.
4. Support the Ecosystem as an Early or Active Contributor: Early GPU contributors and active ecosystem participants may receive additional NMT incentives through targeted reward programs designed to bootstrap and grow the NetMind Power network.