Binance’s new coin mining platform, Launchpool, launched its 41st project, NFPrompt (NFP), last night. In this article, we will introduce the features and detailed mining information of this project.
NFPrompt Launchpool Details
What is NFPrompt? Features explained
Binance, the world’s largest cryptocurrency exchange, announced yesterday that its “coin mining” platform, Binance Launchpool, has launched its 41st project, NFPrompt (NFP).
Users can participate in a 7-day mining activity by depositing BNB, FDUSD, and TUSD into the mining pool from December 20, 0:00 UTC to December 26, 23:59, to receive NFP token rewards.
NFPrompt Launchpool Details
According to the Binance announcement, the detailed information about the NFP launch pool is as follows:
Token Name: NFPrompt (NFP)
Total Token Supply: 1 billion tokens
Launchpool Token Rewards: 110 million tokens (11% of the total token supply)
Initial Circulating Supply: 25 million tokens
Staking Requirements: KYC required
Daily Total Rewards: 15,714,285.71 tokens
To participate in Binance Launchpool, please refer to the complete tutorial on Binance’s “coin mining.”
What is NFPrompt? Features explained
NFPrompt (NFP) is an artificial intelligence-driven user-generated content (UGC) platform for Web3 creators. It is one of the incubation projects of Binance Labs for the sixth season in June this year.
NFPrompt allows users to generate various content (AIGC) through AI tools and provides a marketplace for AIGC works and their instruction words (Prompts). Users can use NFPrompt to generate dynamic and intuitive digital content, such as images, videos, animations, PFP avatars, music, and 3D models, from mundane text. The official statement mentioned that over 180,000 users have created over 1 million AI NFTs on NFPrompt.
Note: According to the NFPrompt description, the project currently relies on Midjourney v5 and Stable Diffusion generation models for AI generation and is exploring and developing its own generation models.
To highlight outstanding artwork and the value of Prompts, NFPrompt adopts a token mechanism where royalties will be transferred to the original creators when Prompts are reused. While identical Prompts may generate similar content, they will never be exactly the same. The official statement mentions that this model can promote the trading and circulation of these NFTs, thereby profiting from AI-assisted creativity.
BNB surged 6%
A week ago, the 40th new coin mining project of Binance, Fusionist, attracted a lot of attention, and within just two days, the funds invested in Launchpool exceeded 4 million US dollars. As for the new project, NFPrompt, it still needs time to verify whether it can create another wealth code, but BNB has already been boosted.
After the announcement, the price of BNB quickly surged above $250. As of the time of writing, it reached $253, with a 24-hour increase of 6.3%.
Read more:
Analyzing Binance Launchpool’s new coin mining return rate for maximizing profits.
Image source: Binance Spot
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