Binance, the leading cryptocurrency exchange, has introduced its 41st project on the Binance Launchpool platform – NFPrompt (NFP). NFP is a cutting-edge AI-powered User Generated Content (UGC) platform specifically designed for Web3 Creators. The launch is scheduled for December 20th, 2023, at 00:00 UTC, allowing users to stake their BNB, FDUSD, and TUSD holdings for a seven-day token farming opportunity.
NFP is set to be listed on Binance on December 27th, 2023, at 10:00 UTC, with trading pairs including NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY.
Introducing a new model called Fair Mode for NFP’s launch, Binance aims to prioritize community and retail user interests. Fair Mode ensures a substantial token allocation to the community in the initial circulation phase, distributing all Launchpool tokens before listing. Some allocation will be withheld from circulation to mitigate inflationary pressures.
With a total token supply of 1,000,000,000, Launchpool rewards will contribute 110,000,000 NFP, making up 11% of the total supply. The initial circulating supply will be 250,000,000 NFP, or 25% of the total token supply, and users participating in staking will need to complete KYC procedures.
To ensure fairness, hourly hard caps per user for the different pools are as follows:
- BNB pool: 52,380.95 NFP
- FDUSD pool: 6,547.62 NFP
- TUSD pool: 6,547.62 NFP
