Binance, the leading cryptocurrency exchange, has announced NFPrompt as the next project featured on their Binance Launchpool staking platform.
Until December 27, you can earn NFPrompt (NFP) tokens on Binance simply by staking your BNB, FDUSD, or TUSD. You can withdraw the coins you’ve staked at any time and keep the NFP rewards.
You can earn NFP on Binance Launchpool between December 20 and December 27. The amount of token rewards you earn will depend on how many coins you stake.
Earn NFP Tokens on Binance
Binance plans to distribute 11% of the total NFP token supply to users on Launchpool. This translates to 111 million NFP tokens out of a total supply of 1 billion tokens.
80% of these rewards will be distributed to BNB stakers, while the FDUSD and TUSD staking pools will receive 10% of the rewards each. However, this doesn’t necessarily mean that you will earn more NFP if you stake BNB rather than stablecoins. It all depends on how big the size of your stake is relative to the size of the entire staking pool.
In addition to featuring the NFP coin on its Launchpool platform, Binance will also be listing NFP for trading on the Binance exchange. The token will be available for trading starting on December 27 in trading pairs against BTC, USDT, BNB, FDUSD, TUSD, and TRY.
NFPrompt is the first project featured on Binance Launchpool under the “Fair Mode” system, which aims to protect retail users by imposing limitations on initial circulation and reducing inflation pressure. Here’s how Binance explains the new system
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