Binance Introduces 41st Launchpool, Backing NFPrompt (NFP) Token

Binance recently launched its 41st project on the Binance Launchpool: the NFPrompt (NFP) token. This initiative represents an AI-powered User Generated Content (UGC) platform created to cater to Web3 creators.

Through this Launchpool initiative, Binance provides an opportunity for crypto enthusiasts to engage in NFP farming, the native token of the AI-driven User Generated Content (UGC) platform. Users can stake their BNB as well as stablecoins FDUSD and TUSD in separate pools during a seven-day period dedicated to NFP token farming.

The farming activity is set to begin on Wednesday, December 20. Binance has outlined plans to allocate 110,000,000 NFP tokens, equivalent to 11% of the total token supply, to participants in the 41st Launchpool. Interested participants must undergo standard Know Your Customer (KYC) procedures before participating in the staking activities.

Within the BNB pool, each user faces an hourly hard cap of 52,380.95 NFP. In contrast, participants in both the FDUSD and TUSD pools have an individual cap of 6,547.62. The collective rewards for participants staking BNB will amount to 88,000,000 NFP, constituting 80% of the overall bounty. Conversely, users in the TUSD and FDUSD pools will divide the remaining 20%, specifically 11,000,000 NFP per pool.

Additionally, Binance highlighted its plan to capture multiple snapshots of both user and total pool balances every hour. User rewards will be regularly updated on an hourly basis, allowing participants to accrue and claim rewards directly from their spot accounts at their convenience. Furthermore, Binance has imposed a restriction preventing users from staking tokens in more than one pool simultaneously to uphold fairness.

Furthermore, Binance has tentatively scheduled December 27 as the listing date for NFP. Upon its launch, potential trading pairs will encompass NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY.

It is noteworthy that this 41st Binance Launchpool occurs exactly eight days after the exchange executed a comparable program for the Fusionist (ACE) token in the 40th Launchpool.