In Crypto world, Farming typically refers to Yield Farming or Liquidity Farming. It involves users locking their funds in decentralized finance (DeFi) protocols in exchange for rewards in form of tokens.

Farming on Binance Launchpool

Binance Launchpool is a platform that allow users to participate in token launches and farming initiatives. Users have the flexibility to unstake their funds and redeem their rewards anytime on Binance Launchpool.

Here is a basic overview on how farming tokens on Binance Launchpool works:

  1. Staking Tokens: Users stake the required coins on a specific project in the Launchpool to participate in the farming campaign.

  2. Allocation Period: There is a set period of time during which users can stake their coins to participate in the Launchpool. The period vary depending on the specific launch.

  3. Earn Rewards: In return for staking their coins, users earn rewards in form of new tokens of that particular project in the Launchpool.

  4. Harvest Rewards: Once the Launchpool starts, users can choose to claim their rewards hourly or at the end of the Launchpool.

The rewards are usually the tokens of the project being launched. These tokens won't be available for trading untill Binance lists the trading pairs for that token. This is usually after the launchpool ends.

Sleepless AI (AI)

The current project on Binance Launchpool is Sleepless AI. Users can stake their coins to farm AI tokens. The trading pairs of AI token will be listed for trading soon after the launchpool ends.

Sleepless AI is a Web3 gaming platform blending artificial intelligence and blockchain technology. $AI is a native utility coin of Sleepless AI used for governance, in-game purchases, top-up discount etc. The token has a total supply of 1 billion.

How to Farm AI Tokens

Users can stake BNB, FDUSD and TUSD into separate pools to farm AI tokens over 7 days. Launchpool participants will share a total of 70,000,000 AI tokens.

The BNB stakers will share a higher percentage of 80% of the AI tokens. While the FDUSD and TUSD stakers will share 10% each.

Follow the steps below to participate in the Sleepless AI Launchpool:

  1. On Binance Services or on Binance app home page, search for Launchpad and click on it.

  2. Alternatively click on this link: Launchpad

  3. Choose a pool to stake in (BNB, TUSD and FDUSD)

  4. Enter amount to stake and subscribe

  5. Redeem your rewards anytime or wait for the Launchpool to end.

Previous Projects on Binance Launchpool

Sleepless AI is 42nd project on Binance Launchpool. Here are the three previous projects on Binance Launchpool:

1. NFP

  • Token Name: NFPrompt (NFP)

  • Total Token Supply: 1,000,000,000 NFP

  • Total Launchpool Reward: 110,000,000 NFP (11% of total token supply)

  • Farming Period: 7 day/s

  • Total Staked: 774M+ TUSD, 926M+ FDUSD and 13M+ BNB

  • Total Participants: 176111

2. ACE

  • Token Name: Fusionist (ACE)

  • Total Token Supply: 147,000,000 ACE

  • Total Launchpool Reward: 10,290,000 ACE (7% of total token supply)

  • Farming Period: 5 day/s

  • Total Staked: 1B+ FDUSD and 13M+ BNB

  • Total Participants: 112498

3. MEME

  • Token Name: Memecoin (MEME)

  • Total Token Supply: 69,000,000,000 MEME

  • Total Launchpool Reward: 1,380,000,000 MEME (2% of total token supply

  • Farming Period: 30 day/s

  • Total Staked: 382M+ FDUSD, 407M+ TUSD and 7M+ BNB

  • Total Participants: 216718

Closing Thoughts

Check out the announcement to learn more about the Sleepless AI Launchpool. Always remember to Do Your Own Research (DYOR).

#SleeplessAI #Launchpool