Fellow Binancians,
Binance is excited to announce the 41st project on Binance Launchpool - NFPrompt (NFP), an AI-driven User Generated Content (UGC) platform for Web3 creators. The webpage is estimated to be available in 5 hours, before the Launchpool starts.
Users will be able to stake their BNB, FDUSD and TUSD into separate pools to farm NFP tokens over seven days, with farming starting from 2023-12-20 00:00 (UTC).
Listing
Binance will then list NFP at 2023-12-27 10:00 (UTC) and open trading with NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD and NFP/TRY trading pairs. The Seed Tag will be applied to NFP.
About Fair Mode
Fair Mode is a new model launched by Binance Launchpool. Designed to protect and maximize the interests of the community and retail users, Fair Mode will allot significantly more tokens to the community under its initial circulation phase, and all Launchpool tokens will be released before the listing. Additionally, Fair Mode will permanently prevent some allocation from entering circulation to further reduce inflation pressure. For more details, please refer to Exploring Tokenomics Models and Developments.
NFP Launchpool Details:
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
Supported Pools:
Stake BNB (webpage will be available in around 5 hours): 88,000,000 NFP in rewards (80%)
Stake FDUSD (webpage will be available in around 5 hours): 11,000,000 NFP in rewards (10%)
Stake TUSD (webpage will be available in around 5 hours): 11,000,000 NFP in rewards (10%)
Farming Period: 2023-12-20 00:00 (UTC) to 2023-12-26 23:59 (UTC).
NFP Farming Distribution
Read about NFPrompt (NFP) in our research report here, which will be available within 30 minutes of publishing this announcement.
Project Links
Website: https://nfprompt.io/
Whitepaper: https://docs.nfprompt.io/
X: https://twitter.com/nfprompt
Discord: https://discord.com/invite/nfprompt
Telegram: https://t.me/nfprompt
Please note:
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
Binance BNB Vault and Locked Products will support the Launchpool. Users who have staked their BNB in BNB Vault and Locked Products will automatically participate in the Launchpool, and receive new token rewards.
If there are more than one Launchpool projects running concurrently, users' BNB assets in BNB Vault and Locked Products will be split and allocated into each project equally unless otherwise specified.
BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming NFP.
Currently, users residing in the following countries or regions will not be able to participate in farming NFP: Belarus, Canada, Cuba, Crimea Region, Democratic Republic of Congo, Iran, Japan, New Zealand, Netherlands, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), Zimbabwe, and any non-government controlled areas of Ukraine
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2023-12-19
Note: This announcement was updated on 2023-12-19 to clarify BNB Vault assets collateralizing against Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
