Mind Network opens airdrop claims and announces token economic model, 7.5% of total supply will be airdropped at TGE

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According to Foresight News, the fully homomorphic encryption (FHE) re-staking layer Mind Network has opened token airdrop claiming with a 30-day validity period, and released the FHE token economic model. The total supply is 1,000,000,000 tokens, with an initial circulation of 24.9%, including a total airdrop allocation of 75,000,000 FHE (7.5% of total supply). Additionally, Mind Network has opened FHE staking functionality.

In the token distribution: total airdrop allocation is 11.7%, with 7.5% unlocked at TGE, 1% distributed in Binance wallet activities, and the remaining portion to be released in future airdrops; community allocation is 30%, distributed over 60 months; public sale allocation is 5%, fully unlocked at TGE; investor allocation is 20%, unlocked over 48 months with a 12-month lock-up; team allocation is 17%, unlocked over 48 months with a 12-month lock-up; advisor allocation is 1.3%; liquidity provider allocation is 5%; treasury allocation is 10%, with 1.5% of total supply released at TGE, and the remaining portion to be linearly released over 48 months starting 12 months later, used for ecosystem subsidies and strategic plans.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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