Binance announces a list of new cryptocurrencies focused on artificial intelligence

Binance unveiled the latest project to launch on Launchpool, NFPrompt, a project that promises to revolutionize the way investors interact with AI-generated art and non-fungible tokens (NFTs).

Binance users can now earn NFP tokens by staking their BNB, FDUSD or TUSD on the platform. The offer allows users to withdraw their staked coins at any time while keeping the NFP rewards collected.

According to a statement from the exchange, Binance plans to distribute 11% of the total NFP tokens, equivalent to 111 million tokens, out of its global supply of 1 billion.

BNB staplers receive 80% of these rewards, while FDUSD and TUSD pools receive 10% each. However, the amount of NFP won depends not only on the type of currency wagered, but also on the amount in relation to the size of the betting pool.

NFP listing on Binance

Starting this Wednesday (27), NFPrompt will be available for trading on Binance, with pairs against BTC, USDT, BNB, FDUSD, TUSD and TRY.

Binance also introduced the ‘Seed Tag’ for the token, indicating that it is a project in the early stages of development and may carry greater volatility and risk.

NFPrompt also introduced the use of the new system called “Fair Mode” in Launchpool, which aims to protect investors by limiting initial circulation and minimizing inflationary pressure.

This mode ensures a fairer distribution of tokens within the community during the initial phase.

What is NFPrompt (NFP)?

NFPrompt is an AI platform that allows users to create AI artwork and store them as NFTs, providing a way to ensure verifiable ownership of these creations.

Additionally, the NFPrompt marketplace enables browsing, purchasing, and trading of NFTs, with opportunities to participate in themed campaigns and earn rewards.

The native cNFP token, a representation of NFP, is used to create NFTs, participate in campaigns, and platform management. Additionally, the NFPrompt team plans future NFP token launches to reward active users, taking into account factors such as wallet activity and event participation.

To participate you must have a verified Binance account. Users can then stake their BNB, FDUSD or TUSD tokens by going to the ‘Launchpad and Launchpool’ section of the Binance interface. There they can choose from the available pools and follow the instructions to earn NFP tokens.

Binance’s initiative is a milestone for the cryptocurrency community and AI art enthusiasts, offering a unique opportunity for engagement and reward in the world of NFTs and digital art.

Source: Live Coins

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