- Binance introduced its 41st Launchpool project, the NFPrompt (NFP) token.
- Users can stake their BNB, FDUSD, and TUSD to farm NFP over seven days.
- NFP listing is tentatively scheduled for December 27, with multiple trading pairs available.
In a recent development, Binance introduced the 41st project on Binance Launchpool: NFPrompt (NFP). This project is an AI-driven User Generated Content (UGC) platform tailored for Web3 creators.
With this Launchpool, Binance allows crypto enthusiasts to farm NFP, the native token of the AI-based UGC platform. Specifically, Binance allows users to stake their BNB and stablecoins FDUSD and TUSD in distinct pools over a seven-day NFP token farming period.
The farming activity will commence on Wednesday, December 20. Notably, Binance aims to distribute 110,000,000 NFP tokens, which represent 11% of the total token supply, to the participants of the 41st Launchpool. Prospective participants are required to complete standard Know Your Customer (KYC) procedures before engaging in the staking activities.
In the BNB pool, each user has an hourly hard cap of 52,380.95 NFP. Meanwhile, each participant has a 6,547.62 cap for both the FDUSD and TUSD pools. Participants staking BNB will collectively share 88,000,000 NFP in rewards, representing 80% of the total bounty. On the other hand, TUSD and FDUSD pool users will share the 20% left, precisely 11,000,000 NFP per pool.
Furthermore, Binance noted it would take multiple snapshots of user and total pool balances each hour. User rewards will be consistently updated hourly, enabling participants to accumulate and claim rewards directly from their spot accounts whenever they choose. Furthermore, Binance restricted users from staking tokens in more than one pool simultaneously to maintain fairness.
Moreover, Binance has provisionally set December 27 as the listing date for NFP. Once live, potential trading pairs will include NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY.
Notably, this 41st Binance Launchpool comes precisely eight days after the exchange orchestrated a similar package for Fusionist (ACE) token in the 40th Launchpool.
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