Original | Odaily Planet Daily

Author | Azuma

On the afternoon of December 19th, Binance officially announced that the new coin mining Fair Mode has launched the 41st project NFPrompt (NFP).

Users can deposit BNB, FDUSD, TUSD into the NFP mining pool on the Launchpad website after 8:00 on December 20th (UTC+8) to receive NFP rewards. NFP can be mined for a total of 7 days. The website is expected to be updated approximately five hours after this announcement, just before the start of the mining activity.

In addition, Binance will launch NFPrompt (NFP) at 18:00 on December 27th (UTC+8) and open NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY trading markets, applying seed label trading rules.

In June of this year, NFPrompt announced that it had completed a seed round financing with a valuation of $60 million, but did not disclose specific information about the investors. In September, Binance Labs officially announced the 12 incubation projects of the sixth season, with NFPrompt among them.

In terms of positioning, NFPrompt is an artificial intelligence-driven user-generated content (UGC) platform for Web3 creators, allowing users to evolve custom NFT art creation with the support of AI tools, thereby helping ordinary people easily transition to professional creators. Through NPFrompt, users can transform simple text content into dynamic and intuitive digital content, such as images, videos, animations, PFP avatars, music, and 3D models, with the help of AI.

According to NFPrompt's introduction, the project currently relies on the models of Midjourney v5 and Stable Diffusion for AI generation, but NFPrompt is also exploring and developing its own drawing models to better support artists' creations.

Currently, users can accumulate cNFP through various operations on the NFPrompt platform. cNFP is the synthetic asset of NFPrompt's governance token NFP, which can currently be used within the NFPrompt system to record the specific activity status of different users and will serve as an airdrop voucher after the NFP TGE.

The current accumulation methods for cNFP include: daily check-ins, friend referrals, NFT minting, NFT trading, community engagement, platform tasks, and pool lottery, among others.

With the launch of the new Binance coin mining, NFP is expected to soon undergo a TGE. However, NFPrompt's official documentation has not yet disclosed too many detailed information about the TGE token economic model. The confirmed information for now includes:

• The total supply of NFP is 1 billion;

• Specific allocation ratios have not been disclosed;

• Community allocation will depend on wallet activity status;

• The team, investors, and advisors will have a 1-year lock-up period, followed by a 3-year linear release period.

In terms of utility, NFP will exist as the governance token of NFPrompt, and staking NFP can also receive a proportion of the platform's total trading fee income.

As for the highly anticipated airdrop process for users, NFPrompt has also provided 4 reference elements, including:

• Completion of tasks (OAT activities, Discord activities, etc.);

• Wallet activity level (cNFP points);

• Creation and interaction experiences of well-known NFTs, as well as community visibility;

• Witch addresses will be filtered out.

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