Binance, the giant cryptocurrency exchange, has recently announced its latest launchpool project, Sleepless AI, a Web3 and artificial intelligence gaming platform. This marks the 42nd project of its kind on Binance Launchpool, where users can farm the new AI token.
The announcement from Binance highlighted that the launchpool page for the altcoin project would be available within 24 hours. Users who have completed their Know Your Customer (KYC) verification will be eligible to farm AI tokens for seven days starting from 03:00 AM (local time) on December 28.
To facilitate the farming process, Binance has set up three separate reward pools for BNB, FDUSD, and TUSD. These pools will offer users the opportunity to harvest AI tokens during the seven-day period.
The initial supply of AI tokens is capped at 130 million, with a total supply of 1 billion tokens. Seventy million of the initial supply will be distributed to users who deposit BNB, FDUSD, and TUSD into the designated reward pools. The hourly cap for each user has been set for each pool: 33,333 AI for the BNB pool, and 4,166 AI each for the FDUSD and TUSD pools.
Following the completion of the farming period, Binance plans to list the AI token on January 4, 2024, at 1:00 PM local time under the “Seed Label.” The exchange will initiate trading for the altcoin with multiple trading pairs, including AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY.
This initiative by Binance is expected to attract significant attention from the cryptocurrency community, offering a new opportunity for users to engage with the latest in Web3 and AI gaming platforms while expanding their crypto portfolios.