NetMind Token (NMT) is the native utility token of the NetMind Chain, a decentralised AI platform launched in 2024. It works by connecting a global network of idle GPUs for machine learning and AI development, providing scalable and efficient computing power.
The NetMind Chain pools idle GPUs worldwide to support tasks like AI training, fine-tuning and inference. Additionally, it allows users to transfer tokens between NetMind Chain, Binance Smart Chain (BSC) and all EVM-compatible blockchains, integrating with the Ethereum ecosystem and its wide range of decentralised applications (dApps).
The NMT token powers the NetMind ecosystem. It is used as a payment method for AI services such as training and inference and provides rewards to users contributing GPU resources to the network. Token holders can participate in governance, influencing decisions about the platform's development, and stake NMT tokens to earn rewards and help secure the network.