On May 23rd, COINOTAG reported the official launch of FHE (Mind Network) in the Binance Alpha trading competition. This initiative highlights projects on the BNB Smart Chain, enabling users of the Binance non-custodial wallet or Binance (CEX) Alpha to participate in trading FHE and earn rewards. Currently, trading FHE incurs a minimal transaction fee of 0.01%. Participants employing limit orders can benefit from a 3x trading volume calculation, allowing for increased potential rewards. The competition aims to engage the top 13,000 traders, who will collectively distribute 10 million FHE tokens by the event’s conclusion at 00:00, June 6th, Beijing time.
Mind Network is at the forefront of developing a Fully Homomorphic Encryption (FHE) system designed to safeguard against quantum threats. By leveraging secure data processing and AI computations, the initiative aspires to create a fully encrypted internet. Additionally, it is forging strategic alliances to promote the Zero Trust Internet protocol HTTPZ, establishing enhanced protocols for trusted AI and encrypted data management within the Web3 and AI spheres.