Binance, the world-renowned cryptocurrency exchange, has announced the introduction of NFPrompt (NFP) on its Binance Launchpool Fair Mode. This innovative platform is designed to empower Web3 creators by providing an AI-driven User Generated Content (UGC) ecosystem.
Starting from December 20, 2023, users will have the opportunity to stake their BNB, FDUSD, and TUSD into separate pools to farm NFP tokens for seven days. The anticipation is high as the farming process is set to begin at 00:00 (UTC).
The listing of NFP on Binance is scheduled for December 27, 2023, at 10:00 (UTC), with trading pairs including NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY. The Seed Tag will be applied to NFP, indicating its early stage in the market.
NFPrompt Enter Binance’s Fair Mode
Fair Mode, a new model launched by Binance Launchpool, aims to protect and maximize the interests of the community and retail users. It ensures a more significant allocation of tokens to the community during the initial circulation phase and releases all Launchpool tokens before listing. To reduce inflation pressure, Fair Mode also permanently prevents some allocations from entering circulation.
The total token supply of NFPrompt is set at 1 billion NFP, with 11% allocated as Launchpool token rewards. The initial circulating supply will be 25% of the total token supply. Staking terms require KYC, and there are hourly hard caps per user for each pool.
Binance has also made it convenient for users to claim their rewards directly to their spot accounts at any time. The supported pools’ APY and the total balance will be updated in real time, and users can unstake their funds at any time without delay.
This launch is subject to eligibility based on the user’s country or region of residence, with certain countries excluded from participating in farming NFP. As the world of cryptocurrency continues to evolve, Binance’s introduction of NFPrompt on the Launchpool Fair Mode marks a significant step forward for Web3 creators and the broader crypto community.