Mind Network Launches FHE Token Airdrop, Secures $12.5M Funding

Mind Network, a blockchain project focused on privacy-centric Web3 applications, has announced the launch of its native cryptocurrency token, FHE, through an airdrop. The project has secured $12.5 million in funding from notable investors including Binance Labs and Animoca Brands, with the token launch scheduled for this year. The airdrop is highly anticipated, with snapshots of eligible participants taken on March 31, 2025, at 23:59 UTC. However, the exact listing date and other details remain pending.

Nearly 1% of the total FHE supply will be distributed among eligible participants, with a minimum allocation of 10 FHE per participant. This has generated significant excitement and anticipation around the potential price of the FHE token at launch. The eligibility criteria for the airdrop include holders of CitizenZ Passport NFTs, mainnet participants, referrers from the Advocate Program, users of AgentConnect Hub, and community contributors. Participants can check their eligibility by visiting the official FHE airdrop page, connecting their wallet, agreeing to the terms and conditions, and verifying their ownership through a safe verification message.

The price of the FHE token at launch remains uncertain, as the Mind Network team has not provided specific details. However, investors are speculating that the token could be priced around $0.5 due to its listing on major crypto exchanges. One crypto trader, Bolex, predicted the FHE token price to be between $0.2 and $0.5, while other investors anticipate a higher value. The token may experience high volatility due to the airdrop distribution and the overall crypto market conditions.

Mind Network aims to enhance privacy and security in Web3 applications through its innovative blockchain technology. The airdrop serves as a strategic move to increase visibility and build a strong community around the FHE token. Investors and enthusiasts are eagerly awaiting further updates on the airdrop and the token generation event (TGE) to gain more insights into the FHE token's potential and market performance.