Binance, the major cryptocurrency exchange, continues to focus on its Launchpool projects, announcing its 41st Launchpool project named NFPrompt (NFP). NFPrompt will be introduced with Binance Launchpool’s newly implemented “Fair Mode”. This new project aims to support content creators in the Web3 space with an AI-powered User-Generated Content (UGC) platform.
Starting from December 20th at 03:00 AM local time, users will have the opportunity to stake BNB, FDUSD, and TUSD in separate pools for seven days to accumulate NFP tokens. The amount of NFP tokens that users can earn in exchange for staking their BNB, FDUSD, and TUSD is capped hourly for each pool, with limits set at 2,380 NFP for the BNB pool, and 6,547 NFP each for the FDUSD and TUSD pools.
The total supply of NFP tokens is 1 billion, with 100 million (11% of the total supply) being allocated as Launchpool token rewards. Binance has scheduled the listing of the NFP token under the “Seed Label” on December 27th at 1:00 PM local time. Following the listing, trading pairs such as NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY will be available for trading.
NFPrompt will be accompanied by Binance Launchpool’s new “Fair Mode”, which is designed to protect the interests of the Launchpool community and individual users, as well as to enhance the overall experience. This mode will allocate a significantly larger portion of tokens to the community during the initial circulation phase and will release all Launchpool tokens to the market before listing.
In addition, the “Fair Mode” is intended to reduce inflationary pressure on the project by restricting a portion of the allocations from entering circulation immediately.