Skip to main content
AVOID.NET
Sign in

Netmind AI

avoid.net/netmind-ai→28/100·100% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:zachxbt][ai][bep20][certik-audited][decentralized-compute][defi][erc20][flash-crash][gpu][high-atf-drawdown][proxy-contract][quantstamp-audited][token][uk-registered]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·39hkhu…RxEr

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□Ethereum64□ZachXBT82
Relationships
  • ZachXBT→mentioned with→Ethereum(70%)
  • Netmind AI→mentioned with→ZachXBT(70%)
  • Netmind AI→mentioned with→Ethereum(70%)
Also appears in
Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42StableMagnet·2Shibarium·28Dean Daghita / CMDSS (Command Services and Support)·0Bankr·18Nexera·32SafePal·42+ 50 more
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
Anchored on SolanaVerify on-chainsrc:zachxbt

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event).

full audit log →version history →

model: claude-sonnet

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

last updated: 8/29/2026, 1:35:05 AM

6 views

avoid.net — verified advice for a post-truth world