Binance Wallet, the flagship crypto wallet of Binance, has announced the 9th Token Generation Event, featuring the $FHE token of Mind Network, a well-known Web3 infrastructure platform leveraging Fully Homomorphic Encryption. The $FHE-featuring Token Generation Event (TGE) will take place on PanakeSwap, an inclusive multi-chain decentralized exchange, on April 10, 2025. The platform revealed this event on its official social media account.
Binance Wallet Starts 9th Token Generation Event Including 50,000,000 $FHE Tokens
According to Binance Wallet, in its 9th TGE, the consumers can subscribe to the $FHE token offering of Mind Network. They can do this by utilizing Binance Smart Chain-based $BNB holdings on Binance Wallet. The token allocation takes into account 50,000,000 $FHE tokens, denoting five percent of the cumulative supply.
Based on the details of the event, the per-token price for these tokens is nearly $0.105 USD. $750,000 is the cumulative raise target. Additionally, the subscription cap for each eligible consumer stands at 3 $BNB. Moreover, the platform will allocate the tokens in line with the amount that every participant commits on a pro rata basis.
To guarantee fair participation, there is an exclusive eligibility requirement. It says that the participants should have maintained a minimum of $100 in total eligible assets in Binance Exchange Account and Binance Wallet. The period for the maintenance of that amount is seven consecutive days before the TGE.
Trading to Begin on PancakeSwap Just after Token Generation Event
As per Binance Wallet, after the TGE, it will immediately begin trading on PankcakeSwap as well as within the Binance Wallet DEX. Interestingly, the $FHE token will remain unavailable for trading before the conclusion of the event. Furthermore, the platform will keep 10,000,000 $FHE tokens separate for marketing initiatives in the future.
