By
Chimamanda U. Martha
April 25th, 2024
NFPrompt, a cutting-edge Web3 tool, is on a mission to empower ordinary users by transforming them into content creators and reshaping the way they monetize their work using advanced AI tools.
Binance introduces the 41st project on Binance Launchpool, NFPrompt (NFP), an innovative AI-driven User Generated Content (UGC) platform tailored for Web3 creators.
Starting from December 20, 2023, at 00:00 (UTC), users can also participate in farming NFP tokens by staking their BNB, FDUSD, and TUSD into dedicated pools. Moreover, the farming period spans seven days, providing participants with an opportunity to earn NFP tokens.
Following the farming phase, Binance will list NFP on December 27, 2023, at 10:00 (UTC), initiating trading with various pairs such as NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY. Also, the Seed Tag application will happen to NFP during listing.
A notable feature introduced by Binance Launchpool is Fair Mode, a model designed to safeguard and optimize the interests of the community and retail users. Under Fair Mode, a more substantial token allocation is allocated to the community during the initial circulation phase, and all Launchpool tokens are released before listing. This model also includes a permanent prevention mechanism to restrict certain allocations from entering circulation, effectively mitigating inflation pressure.
Below are the token details for the Binance NFPrompt (NFP) Launchpool:
- Token Name: NFPrompt (NFP)
- Total Token Supply: 1,000,000,000 NFP
- Launchpool Token Rewards: 110,000,000 NFP (11% of total token supply)
- Initial Circulating Supply: 250,000,000 NFP (25% of the total token supply)
- Smart Contract Details: NFP Token (NFP)
- Staking Terms: KYC required
- Hourly Hard Cap per User:
- 52,380.95 NFP in BNB pool
- 6,547.62 NFP in FDUSD pool
- 6,547.62 NFP in TUSD pool
About AI-based Platform NFPrompt
NFPrompt is a Web3 tool that aims to transform ordinary users into content creators and revolutionize the monetization of their creations through AI tools.
NFPrompt’s vision is to leverage blockchain technology to redefine the landscape of the contemporary art industry. From traditional craftsmanship to digital art and now the era of AI-generated content, NFPrompt maximizes the benefits of Web3, allowing everyday users to unleash their creativity using user-friendly tools while ensuring verifiable ownership of their AI Art creations.
As pioneers in the industry, NFPrompt aims at empowering each user to fully realize and express their imaginations. The platform aligns economic token incentives and establishes an open marketplace for users to showcase their creations.
At the forefront of open innovation for NFTs, Non-fungible Prompts (NFP) from NFPrompt provides AI tooling, interfaces, and discovery, fostering a space for truly exceptional artists to thrive. Furthermore, the platform marks a significant step forward in democratizing artistic expression and establishing a novel paradigm in the world of AI-generated art.
The NFPrompt (NFP) Launchpool provides a comprehensive overview of its token details, outlining key aspects such as the total token supply, launchpool token rewards, initial circulating supply, and pertinent smart contract information. Staking in the launchpool requires KYC verification, and users are subject to hourly hard caps, with specific allocations for each pool – BNB, FDUSD, and TUSD.