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The giant cryptocurrency exchange Binance continues to emphasize its Launchpool projects. The exchange recently announced NFPrompt (NFP) as its 41st Launchpool project. The new project NFPrompt will be offered in conjunction with Binance Launchpool’s newly introduced Fair Mode.
NFPrompt Becomes the 41st Binance Launchpool Project
Binance has announced its 41st Binance Launchpool project. NFPrompt, an AI-powered User Generated Content (UGC) platform for content creators in Web3, became the 41st project on Binance Launchpool.
Starting from 03:00 AM (UTC+3) on December 20th, users will be able to stake their BNB, FDUSD, and TUSD in separate pools to collect NFP tokens for seven days. Users will receive NFP tokens in exchange for staking their BNB, FDUSD, and TUSD. There is an hourly NFP token limit per user for each pool; 2,380 for the BNB pool, 6,547 for the FDUSD pool, and 6,547 for the TUSD pool. Of the total supply of 1 billion NFP tokens, 100 million (11% of the total supply) will be offered as Launchpool token rewards.
Binance will list the NFP token under the “Seed Label” at 01:00 PM (UTC+3) on December 27th. Accordingly, trading for the altcoin will commence with NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY trading pairs.
What is Binance Launchpool’s New “Fair Mode”?
NFPrompt will come with a new mode launched in Binance Launchpool called “Fair Mode”. Binance designed Fair Mode to protect the interests of the Launchpool community and individual users and to maximize the experience by allocating significantly more tokens to the community in the initial circulation phase and releasing all Launchpool tokens to the market before listing.
Additionally, Fair Mode aims to reduce inflationary pressure on the project by preventing a portion of the allocations from entering circulation.
