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Netmind AI

avoid.net/netmind-ai→51/100·100% conf.
[AI-DRAFTED · AWAITING FACT-CHECK][src:zachxbt][ai][bep20][certik-audited][decentralized-compute][defi][erc20][flash-crash][gpu][high-atf-drawdown][proxy-contract][quantstamp-audited][token][uk-registered]

Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 28 → 51. Problems weighed by who is responsible: concerns that are not fraud −12.8, the subject's own conduct −8, problems around the subject, caused by others −0.8; legitimacy credit long-running +8. Version history →

Why this score
Every page starts at65
The subject's own conduct-8
Concerns that are not fraud-12.8
Problems around it, caused by others-0.8
Long-running+8
Sum51

Score: 51/100 (kept between 0 and 100)

How scoring works →
anchored·39hkhu…RxEr
last updated 2026-10-10

Summary

Netmind AI (netmind.ai) is a London-based decentralized GPU compute network that issues the NMT token on both Ethereum (ERC20) and BNB Smart Chain (BEP20) via upgradeable proxy contracts. In March 2024, 440,000 NMT tokens were sold in a sudden dump that caused a 76% price crash — attributed by the team to a compromised early miner wallet, though the mechanism remains disputed. The NMT contract is an upgradeable transparent proxy that grants the owner unilateral ability to disable sells, change fees, mint, or transfer tokens, representing a material centralization and rug-risk vector flagged by security tools and, according to AVOID.NET source tagging, by ZachXBT.

Connected Entities

3 entities · 60 linked investigations
Organizations
□Netmind AI□Ethereum90□ZachXBT82
Relationships
  • Netmind AI→mentioned with→Ethereum(70%)
  • Netmind AI→mentioned with→ZachXBT(70%)
  • ZachXBT→mentioned with→Ethereum(70%)
Also appears in
BNB Chain Bridge·51Aperture LM·58Bidao·26Ethereum·90Lendf.me·30Jump Trading·42StableMagnet·2Dean Daghita / CMDSS (Command Services and Support)·0Bankr·43SafePal·70
Have evidence about Netmind AI?

Timeline(7 events)

2022

NetMind.AI incorporated in London; development of NetMind Power decentralized GPU platform begins.

2023

NMT token launched on Ethereum and BNB Smart Chain as an upgradeable proxy contract.

9 March 2024

NMT token reaches all-time high of $16.09.

15 March 2024

NMT price crashes 76% from $11.34 to $2.77 after 440,000 tokens are bridged from NetMind Chain to BSC and sold on PancakeSwap. Team denies platform breach and attributes sales to a compromised early miner's wallet.

16 April 2024

NetMind executes major tokenomics upgrade: burns approximately 9.85 billion tokens, reduces max supply to ~147.6M NMT, and compresses distribution schedule from 100 years to 10 years via proxy contract upgrade.

21 February 2025

NMT token proxy contract upgraded again on Ethereum (block 21894508), changing the implementation contract address — the third or fourth implementation change since launch.

6 May 2026

NMT token reaches all-time low of approximately $0.0518, approximately 99.7% below its all-time high.

Provenance & Audit Trail
Recorded on Solana ✓Verify on-chainsrc:zachxbt

Decision Log

  • #2rescore+23Recorded on Solana ✓10/10/2026, 6:46:14 PM
    slot 455365984 · hash 9QxvbCraXUWKMnwyQf64MzAs3KAvrKSnYx364DDBDBSA
  • #1publishRecorded on Solana ✓5/19/2026, 2:32:58 AM
    slot 420680195 · hash Gj5Fdw8Kjr6qVqt3iw71erGGtQPC4qQqfe285aFX7Y1y

This investigation is cryptographically anchored to the Solana blockchain (2 decisions).

full audit log →version history →

model: claude-sonnet

generated: 5/4/2026, 4:05:04 PM

last updated: 10/10/2026, 6:46:14 PM

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