AI Meets Web3 As Binance Launchpad Announces Inclusion Of NFPrompt For Creators
Portfolio Pulse from Murtuza Merchant
Binance Launchpad has introduced NFPrompt (NFP), an AI-driven User Generated Content platform for Web3 creators, as its 41st project. Users can stake BNB, FDUSD, and TUSD to farm NFP tokens from Dec. 20 to Dec. 26, 2023. Binance will list NFP on Dec. 27, 2023, with multiple trading pairs. The Launchpool's Fair Mode is designed to reduce inflation pressure by limiting allocations. The total NFP supply is 1 billion, with 11% allocated for Launchpool rewards and an initial circulating supply of 25%.
December 19, 2023 | 4:35 pm
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POSITIVE IMPACT
BNB can be staked on Binance Launchpad to farm NFP tokens, potentially increasing demand for BNB in the short term.
The ability to stake BNB to farm NFP tokens may lead to increased demand for BNB as users look to participate in the new offering. This could have a positive impact on BNB's price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TUSD is one of the cryptocurrencies that can be staked to farm NFP tokens, which may lead to a temporary rise in its demand and possibly its value.
Similar to BNB, the inclusion of TUSD as a staking option for farming NFP tokens could result in increased demand for TUSD. This could positively influence TUSD's price in the short term as users acquire TUSD for staking.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70