Binance Coin (BNB) Surges as Binance Launches Sleepless AI on Launchpool
Binance Coin (BNB) experienced a 10% increase in value after Binance announced its 42nd project on Launchpool, Sleepless AI. Traders on Binance now have the opportunity to stake BNB, FDUSD, and TUSD to farm AI tokens for seven days starting from December 28, 2023.
Sleepless AI: Transforming the Gaming Industry with AI and Blockchain
Sleepless AI is a gaming platform that combines artificial intelligence (AI) and blockchain technology to revolutionize the gaming industry. With its unique approach and expert team, Sleepless AI offers rewards that can be highly beneficial considering the rise of AI.
Staking on Sleepless AI Binance Launchpool
To stake on Sleepless AI, users must complete KYC verification on the Binance app. It’s important to keep track of the hourly reward caps, which are set at 33,333.33 AI for the BNB pool and 4,166.66 AI for the FDUSD and TUSD pools. The supported staking pools and their corresponding AI token rewards are as follows:
- Stake BNB: 56,000,000 AI rewards (80%)
- Stake FDUSD: 7,000,000 AI rewards (10%)
- Stake TUSD: 7,000,000 AI rewards (10%)
The farming period will begin on December 28, 2023, and end on January 3, 2024. Binance ensures a secure and fair token distribution process for users engaging with Sleepless AI.
Sleepless AI Listing and Tokenomics on Binance
The listing of AI tokens on Binance is scheduled for January 4, 2024. Trading pairs such as AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY will be available. The Sleepless AI token will have a Seed Tag, adding exclusivity to its trading status.
The total supply of AI tokens is 1 billion, with 70 million allocated for Binance Launchpool rewards. The initial circulating supply will be 13 million AI tokens. According to the Sleepless AI whitepaper, AI tokens can be used to purchase in-game tokens and receive discounts on in-game purchases and upgrades.
BNB Price Surge After Announcement
Following the announcement, Binance Coin (BNB) saw a significant surge in price. At the time of writing, BNB was trading at $288.75, up by 9.45%. Its market capitalization reached $43.8 billion with a 24-hour trade volume of $1.3 billion. BNB also hit a new 1-month high of $288.79.
Hot Take: Sleepless AI Launch on Binance Ignites BNB Surge
The launch of Sleepless AI on Binance’s Launchpool has sparked excitement among traders, leading to a surge in the value of BNB. With its innovative combination of AI and blockchain technology, Sleepless AI aims to transform the gaming industry. By staking BNB, FDUSD, or TUSD, users can farm AI tokens and potentially reap the rewards of this groundbreaking platform. As Sleepless AI prepares for its listing on Binance and offers attractive tokenomics, it presents an enticing opportunity for crypto enthusiasts and gamers alike.
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