Farming NFP Tokens: A Unique Opportunity for Crypto Enthusiasts
The world’s largest cryptocurrency trading platform, Binance, has announced its 41st project on Binance Launchpool called NFPrompt (NFP). This project offers a unique opportunity for users to farm NFP tokens by staking BNB, FDUSD, and TUSD. NFPrompt is an AI-powered User Generated Content (UGC) platform that aims to benefit Web3 creators. Starting from December 20, 2023, users will be able to stake their tokens in separate pools to farm NFP tokens over 7 days.
Trading Pairs and Listing Schedule
Binance plans to list NFP on December 27, 2023, at 10:00 UTC. The listing will include multiple trading pairs such as NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY. This listing is expected to enhance the liquidity and accessibility of NFP tokens in the broader crypto market.
Binance Launchpool Fair Mode ensures a fair distribution of tokens during the initial circulation phase and aims to reduce inflation pressure by preventing some allocations from entering circulation.
Launchpool Token Rewards and Staking Terms
The total token supply for NFPrompt is capped at 1 billion NFP, with 11% (110 million NFP) reserved for Launchpool token rewards. Initially, only a quarter of the total tokens will be in circulation. Staking requires KYC verification and has hourly hard caps per user for each pool.
Impact on BNB price
Following the announcement of NFPrompt, the price of BNB increased by over 5% to $251. This indicates positive market sentiment towards the project and reflects the growing interest in innovative projects that utilize AI and focus on content creation in the Web3 landscape.
Hot Take: Binance Launches NFPrompt (NFP) on Binance Launchpool
Binance has introduced its 41st project on Binance Launchpool, NFPrompt (NFP), offering crypto enthusiasts a unique opportunity to farm NFP tokens by staking BNB, FDUSD, and TUSD. The AI-powered UGC platform aims to benefit Web3 creators and will be available for staking starting from December 20, 2023. The listing of NFP tokens on December 27, 2023, is expected to enhance their liquidity and accessibility in the crypto market. This announcement has already had a positive impact on the price of BNB, showcasing the market’s enthusiasm for innovative projects supported by AI in the Web3 space.
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