Binance Wallet announces the 9th Token Generation Event featuring Mind Network’s $fhe token

Binance Wallet’s Binance Wallet has announced its ninth token generation event featuring $FHE tokens from Mind Network, the well-known Web3 infrastructure platform that leverages full homomorphic encryption, Binance’s flagship wallet. The $fhe-featuring Token Generation Event (TGE) will be held on April 10, 2025 at Panakeswap, a comprehensive multi-chain distributed exchange. The platform revealed the event on its official social media accounts.

Binance Wallet launches a 9th Token Generation event with 50,000,000 $fhe token

According to Binance Wallet, in the ninth TGE, consumers can subscribe to offering Mind Network’s $fhe tokens. They can do this by leveraging Binance Smart Chain-based $BNB Holdings in their Binance wallet. Token allocation takes into account $50,000,000 tokens, meaning 5% of the accumulated supply.

Based on event details, these tokens cost nearly USD 0.105 per token. $750,000 is the cumulative raise target. Additionally, each eligible consumer has a subscription cap of $300 million. Additionally, the platform allocates tokens along the amount that all participants commit proportionally.

There are exclusive eligibility requirements to ensure fair participation. Participants state that they should maintain a minimum of $100 in their Binance Exchange account and total assets in their Binance wallet. The maintenance period for that amount is 7 days before TGE.

Transactions that start with Panka Swap immediately after a token generation event

According to Binance Wallet, after TGE, they will start trading immediately within PankCakeswap and Binance Wallet Dex. Interestingly, the $fhe token is not available for transactions before the event ends. Additionally, the platform will separate $10,000,000 tokens for future marketing initiatives.