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Mind Network (FHE): Pioneering Data Security in the Web3 Era

What is Mind Network (FHE)? Mind Network (FHE) is a pioneering project focused on creating a Fully Encrypted Web. At its core, Mind Network is using cutting-edge technology called Fully Homomorphic Encryption (FHE) to secure data and computations in a way that hasn't been done before. It aims to create a world where online activities, including data sharing, financial transactions, and interactions with AI, are fully encrypted and private. In short, Mind Network is striving to build a Zero Trust Internet Protocol (HTTPIZ), which means no one—whether it’s hackers, government agencies, or other unauthorized parties—can access your data without permission. Unlike traditional encryption, which encrypts data before it’s sent or stored and decrypts it for processing, FHE allows data to be processed and analyzed while it is still encrypted. This is a game-changer because it means sensitive information can remain secure throughout the entire process, even during computations performed by third-party systems. The Mind Network's technology is designed to work across various sectors like AI, DeFi, gaming, and modular blockchain chains. This makes it a crucial player in the future of decentralized technologies, which depend on the security and privacy of their users. Who Created Mind Network (FHE)? The visionaries behind Mind Network bring a wealth of expertise from various domains: ● Mason Song, CEO: With a deep understanding of the digital landscape, Mason leads the charge in advocating for data privacy and security. His leadership is instrumental in driving the platform's mission forward. ● George, CTO: A former researcher at Cambridge University, George's cryptographic research has been adopted by the UK government and major banks, underscoring his profound impact on the field. ● Dennis, CSO: Known for his groundbreaking work as a white-hat hacker, Dennis made history by breaching Tesla's security in 2014, highlighting his commitment to identifying and rectifying security vulnerabilities. The team is further strengthened by seasoned entrepreneurs, acclaimed scientists, and Web3 marketing veterans, all united by a shared commitment to revolutionizing data security. What VCs Back Mind Network (FHE)? Mind Network's innovative approach has attracted significant investment from prominent venture capitalists such as Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, IBC Group, Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Mandala Capital, etc. How Mind Network (FHE) Works Mind Network's technology focuses on Fully Homomorphic Encryption (FHE) and its application in creating a Fully Encrypted Web. Let’s break down how Mind Network works and why it’s so revolutionary. Fully Homomorphic Encryption (FHE) FHE is a complex but powerful cryptographic technique that allows data to remain encrypted while being processed. This means that, unlike traditional encryption systems, data does not need to be decrypted in order for it to be used, analyzed, or processed by various applications or systems. Here’s an example of how this works in practice: Let’s say you want to perform a calculation on a set of sensitive data, such as your medical history. In traditional encryption, the data would need to be decrypted before it could be analyzed, which creates a potential security risk. However, with FHE, the data remains encrypted, and the calculation is performed on the encrypted data itself, meaning no one can access the sensitive details unless they have the proper decryption keys. FHE is a game-changer for privacy because it allows computations to happen on sensitive data without exposing it to the outside world. This is particularly important for industries like AI, where vast amounts of data are processed to create machine learning models, and DeFi, where privacy and security are essential for trustless financial transactions. Products AgenticWorld Mind Network’s AgenticWorld is a product that helps to leverage the power of FHE in the context of AI and dApps. It allows the creation of secure, privacy-preserving AI agents that can operate autonomously within the Mind Network. These agents can perform tasks such as data processing and analysis without ever exposing sensitive information. In a world where AI is increasingly becoming part of daily life, having AI systems that are both effective and secure is crucial. AgenticWorld ensures that these AI agents can perform their functions without compromising privacy, providing a higher level of security for users. MindChain Another critical component of Mind Network is MindChain. MindChain is a blockchain built on the principles of FHE, designed to securely store data and handle transactions in a decentralized way. By using MindChain, users can ensure their transactions and data interactions remain private and secure, even in the world of open, public blockchains. FHEBridge On the other hand, FHEBridge serves as a cross-chain protocol that allows interoperability between different blockchain systems while maintaining the security and privacy that FHE provides. This is essential for the growth of DeFi and other blockchain applications that require secure cross-chain communications. FHE Token: The Heart of Mind Network’s Economy The FHE token is central to Mind Network’s ecosystem, acting as both a governance tool and a payment method. Token holders can influence key decisions like protocol upgrades and ecosystem changes, ensuring decentralized control. The FHE token is also used to pay for transaction fees across Mind Network services, including MindChain and AgenticWorld. Beyond transactions, FHE tokens can be staked to help secure the network, allowing users to earn additional tokens as an incentive. By participating in staking or contributing to privacy-preserving computations, token holders can also benefit from the value generated by the network. This integration of the FHE token supports a sustainable, decentralized, and flexible ecosystem. FHE Goes Live on Bitget Mind Network is creating a foundation for tomorrow’s internet. As we move towards a more decentralized and trustless world, the importance of privacy and security will only continue to grow. By ensuring that data can be processed securely while maintaining privacy, Mind Network opens up possibilities for new, innovative applications in areas like DeFi, AI, gaming, and beyond. As the world becomes increasingly digital, the importance of projects like Mind Network in ensuring a safe, secure, and private online environment cannot be overstated. We are thrilled to announce that Mind Network (FHE) will be listed in the Innovation, Web3 and AI Zone. Listing date: 10 April 2025 Trade FHE on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Phaver (SOCIAL): User-Centric Social Media in a Web3 World

What is Phaver (SOCIAL)? Phaver (SOCIAL) is a decentralized social media platform that puts control back into the hands of users. Unlike traditional platforms where large corporations own the content, Phaver uses Web3 technologies to ensure that users have ownership of their posts and data. Web3, often referred to as the next generation of the internet, focuses on decentralization and Blockchain technology, giving people more control over their online experiences. Phaver aims to blend the best features of social media with the benefits of blockchain, creating a more open, secure, and transparent platform. It offers a space where users can share, discover, and interact with content, but with a fundamental difference - users truly own their content, and they have the ability to earn rewards for their contributions. Who Created Phaver (SOCIAL)? Phaver was co-founded by a talented team of professionals, each bringing years of experience in their respective fields. Let’s take a closer look at the key players behind this platform: ● Joonatan Lintala, Phaver’s CEO, co-founded the platform. He previously worked at Google and was employee number seven at Smartly.io, where he built and led global sales teams. Joonatan played a crucial role in expanding the company's operations into the U.S. market. He also serves as a board advisor to Shook Digital, a TikTok marketing partner, and Pomar, a shoe brand. ● Tomi Fyrqvist, Phaver’s Ecosystem CFO, co-founded the platform and brings a wealth of financial expertise. He has worked at Goldman Sachs, Alibaba, and AXA Ventures Partners. Tomi also led global business development at Daraz, an Alibaba-owned e-commerce company in South Asia. ● Carlo Hyvönen, the CTO and another co-founder, has over a decade of experience as a full-stack developer. Before co-founding Phaver, he worked at Veikkaus, a real money gaming company, where he led machine learning efforts and developed a recommendation system for over two million customers. ● Tom Hämäläinen, Phaver’s Head of Analytics, also co-founded the platform. He previously co-founded Coinmotion, Finland’s largest crypto payment service provider. Tom has extensive experience in full-stack development and is skilled in Solidity, a programming language used for developing smart contracts on the Ethereum blockchain. What VCs Back Phaver (SOCIAL)? Phaver has attracted significant attention from investors, securing backing from several major VC firms such as PolygonVentures, Swissborg, NomadCapital, SymbolicCapital, Dao5, Foresight Ventures, Factor, AlphaNonce, and many more. How Phaver (SOCIAL) Works Lens Protocol Integration One of the standout features of Phaver is its integration with Lens Protocol, a decentralized social graph protocol built on the Polygon blockchain. Lens allows users to own and control their data, making it perfect for a platform like Phaver that focuses on user empowerment. With Lens, Phaver users can create profiles, share content, and interact with other users, all while maintaining full control over their data. When users post content on Phaver, it’s stored on the blockchain via the Lens Protocol. This ensures that the content is immutable (cannot be changed or tampered with) and that the user has true ownership of their posts. This is a significant departure from traditional social media platforms, where the company behind the platform typically owns user content. Farcaster Integration Phaver also integrates with Farcaster, a decentralized social network protocol that aims to provide a more open and flexible framework for online interaction. Farcaster gives users more freedom in terms of how they interact with the platform and ensures that users can maintain control over their identity and content across different dApps. With Farcaster, Phaver users can easily connect with others in the decentralized social space, extending their reach beyond just the Phaver platform. It also provides more flexibility in how users share and interact with content, further enhancing the decentralized social experience. Mocaverse Integration Another exciting integration on Phaver is with Mocaverse, an NFT-powered ecosystem by Animoca Brands. Mocaverse offers a unique feature by allowing users to share content through NFTs, adding another layer of ownership and monetization for users. This means that Phaver users can mint their content as NFTs and potentially sell or trade it, opening up new revenue streams and making the content creation process more valuable. NFTs on Phaver serve as a unique form of social currency, giving users the ability to create and own rare digital items while building a more interactive and engaging community. Cyber Integration Phaver is also connected with Cyber, a Web3 search engine that focuses on decentralization and privacy. Cyber allows Phaver users to discover content and interact with other users through decentralized search functionalities. Unlike traditional search engines that rely on centralized algorithms, Cyber ensures that search results on Phaver are transparent and free from manipulation. This gives users more trust in the content they find and allows for more authentic interactions. Sharing Content On Phaver, sharing content is at the heart of the platform’s user experience. With integrations like Lens Protocol, Farcaster, and Mocaverse, Phaver allows users to share various forms of content, whether it’s text, images, videos, or NFTs. Since the content is stored on the blockchain, users maintain ownership and control over what they post. Additionally, the decentralized nature of Phaver ensures that there’s no censorship or content manipulation by a central authority. This gives users more freedom to express themselves and share ideas without the fear of their content being removed or altered by a third party. Discovering Content Discovering content on Phaver is also a unique experience compared to traditional social media. With the integration of Cyber, users can search for content in a decentralized and transparent way. This ensures that the content they find is authentic and not influenced by algorithms that prioritize ads or paid content. Phaver’s discovery features also allow users to explore content across different dApps and protocols, making it easier for them to connect with others in the Web3 space. This cross-platform integration enhances the overall user experience and creates a more interconnected and decentralized social ecosystem. In-App Tokenomics Phaver’s in-app tokenomics are designed to reward users for enhancing the app experience. Users can earn points by creating and curating content, similar to liking or upvoting posts in other apps. This includes "casting points" to make posts more visible to others. Soon, users will also be able to cast points on their own posts to boost their reach. To ensure fair participation and prevent cheating or people making multiple accounts to gain more points, Phaver requires users to meet certain criteria before they can redeem their points for Phaver Tokens. Additionally, Phaver Cred, a credibility score, is assigned to users based on their on-chain assets like NFTs. These assets are unique and hard to fake, making it more difficult for people to manipulate the system. Phaver Cred also determines a user’s level in the app, which is similar to how frequent flyer programs work. Higher levels unlock special perks, like access to free stakes and a higher monthly limit for redeeming points into tokens. This system is designed to discourage harmful behavior, like farming points, and instead rewards users who are genuinely active and contributing positively to the platform For brands and projects, Phaver is expected to introduce advertising features in 2024. Brands will be able to purchase points to boost their visibility in the app. These points can be bought using Phaver’s native tokens, and a portion of the revenue from fiat payments will be used to support token demand. In addition to earning points, users can also buy and hold Phaver Tokens, known as SOCIAL. Holding SOCIAL provides benefits like higher credibility scores, increased point-to-token conversion limits, and access to exclusive perks, such as VIP support and early access to new features. Phaver users can also buy points with SOCIAL tokens, which is often more affordable than using traditional in-app purchases. This helps create a demand for tokens within the ecosystem, encouraging users to hold and spend SOCIAL. Phaver has also launched its own NFTs, called "Phaver-Up NFTs," to strengthen its on-chain economy. These NFTs provide additional benefits like higher point rewards, exclusive features, and access to a gated community where users can receive direct support and early insights from the Phaver team. The NFTs were distributed through weekly auctions, and more than 17,000 users were eligible to mint them. SOCIAL Goes Live on Bitget Discover the potential of SOCIAL, the native token of Phaver, by trading it on Bitget today. SOCIAL tokens are integral to the Phaver ecosystem, offering holders exclusive benefits and access to unique features within the platform. As Phaver continues to innovate and expand its community-driven model, trading SOCIAL on Bitget provides an opportunity to participate in a vibrant digital economy. With SOCIAL, users can leverage its utility in purchasing advertising, boosting visibility, and accessing premium content on Phaver. Holding SOCIAL tokens also unlocks perks such as higher credibility scores, increased monthly redemption quotas, and VIP privileges. Bitget provides a secure and user-friendly platform for trading cryptocurrencies, ensuring a seamless experience for both new and experienced traders. Take advantage of Bitget’s advanced trading tools and liquidity to capitalize on SOCIAL’s potential growth. How to Trade SOCIAL on Bitget Listing time: September 24, 2024 Step 1: Go to SOCIALUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. Trade SOCIAL on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

The Best Crypto to Earn Passive Income: A 2024 Guide

Introduction: Diversifying Income with Cryptocurrency In 2023, the landscape of passive income generation through cryptocurrencies has evolved significantly. Investors are increasingly looking at the best crypto to earn passive income, seeking options beyond traditional investments. This guide explores the top cryptocurrencies that provide promising opportunities for passive income. 1. Proof-of-Stake (PoS) Staking: Ethereum, Cardano, Polkadot, and Solana Staking in PoS blockchains remains a popular method for earning passive income. Ethereum, transitioning to PoS with Ethereum 2.0, along with Cardano, Polkadot, and Solana, offers staking opportunities. Investors can earn rewards by staking their tokens, contributing to the network's security and operations​​. 2. Interest-Bearing Digital Asset Accounts: Nexo, Celsius Network, SwissBorg, BlockFi Cryptocurrency holders can earn passive income through interest-bearing accounts offered by platforms like Nexo, Celsius Network, SwissBorg, and BlockFi. Similar to a savings account, users deposit their digital assets and earn regular interest payments​​. 3. Lending: Peer-to-Peer and Decentralized Platforms Crypto lending is a booming segment, allowing investors to lend their digital assets and earn interest. Platforms offer various lending strategies, including peer-to-peer, centralized, decentralized (DeFi), and margin lending, catering to different risk profiles and preferences​​. 4. Cloud Mining: A Remote Mining Solution Cloud mining offers a way to participate in crypto mining without the technical challenges and hardware investments. Investors can rent mining resources from service providers to earn mining rewards. However, this method carries risks, including potential scams, and requires careful consideration​​. 5. Dividend-Earning Tokens: KuCoin Shares (KCS) Some cryptocurrencies, like KuCoin Shares (KCS), offer dividend-like returns. Holders of such tokens earn a portion of the platform's revenue, providing a steady income stream​​. 6. Yield Farming: Uniswap, Aave, PancakeSwap Yield farming in DeFi protocols is another avenue for earning passive income. Platforms like Uniswap, Aave, and PancakeSwap enable users to provide liquidity in return for a share of trading fees, often leading to attractive yield rates​​​​. 7. Top Cryptocurrencies for Passive Income: Bitcoin, Ethereum, Dogecoin, and More In 2023, some of the top cryptocurrencies for passive income include Bitcoin, Ethereum, Dogecoin, Chainlink, Shiba Inu, XRP, Polkadot, Ripple, Binance Coin, and Uniswap. Each offers unique mechanisms for earning, from staking and yield farming to participating in their respective ecosystems​​. Conclusion: Choosing the Right Strategy Selecting the best crypto to earn passive income depends on individual risk tolerance, investment size, and interest in active participation. It's crucial to research each option and consider factors like market volatility, potential yields, and platform security. As the crypto landscape continues to evolve, staying informed and adaptable is key to maximizing passive income opportunities. Feeling ready? Start your trading today with Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.