Original - Odaily
Author - Azuma
On the afternoon of December 19, Binance officially announced that the new coin mining Fair Mode has launched the 41st phase of the project NFPrompt (NFP).
Users can invest BNB, FDUSD, and TUSD into the NFP mining pool on the Launchpad website after 8:00 on December 20 (Eastern Eighth District time) to obtain 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 and before the mining activity opens.
In addition, Binance will list NFPrompt (NFP) at 18:00 on December 27 (Eastern Eighth District time), and open NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD and NFP/TRY In the trading market, seed tag trading rules apply.
In June this year, NFPrompt announced that it had completed a seed round of financing at a valuation of US$60 million, but did not disclose the specific information of the investors; in September, Binance Labs officially announced the 12 incubation projects in the sixth season, and NFPrompt ranked in.
From a positioning perspective, NFPrompt is an artificial intelligence-driven user-generated content (UGC) platform for Web3 creators, allowing users to evolve customized NFT artistic creations with the support of AI tools, thereby helping ordinary people easily transform into professional creators . Through NPFrompt, users can transform pure text content into dynamic and intuitive digital content, such as pictures, videos, animations, PFP avatars, music, 3D models, etc.
According to NFPrompt, the project still relies on the models of Midjourney v 5 and Stable Diffusion for AI generation for the time being, but NFPrompt is also exploring and developing its own painting model to better support the creation of artists.
Since NFPrompt was launched, users can accumulate cNFP through various operations within the platform. cNFP is a synthetic asset of the NFPrompt governance token NFP. It can currently be used as points in the NFPrompt system to record the specific activity status of different users, and will serve as an airdrop voucher during the NFP TGE.
cNFP accumulation methods include: daily check-in, friend recommendation, NFT minting, NFT transaction, community attention, platform tasks, prize pool drawing, etc.
With the launch of Binance’s new currency mining, NFP is expected to usher in TGE soon. However, NFPrompt’s official documentation does not disclose too many details about the TGE token economic model for the time being. Information that can be confirmed for the time being includes:
The total supply of NFP is 1 billion;
The specific distribution ratio has not yet been announced;
Community distribution will depend on wallet activity;
The team, investors, and consultants will all set a 1-year lock-up period, plus a 3-year linear release period.
In terms of utility, NFP will exist as the governance token of NFPrompt, and staking NFP will also receive a proportion of the platform’s total transaction fee income.
Shortly after Binance’s official announcement, NFPrmpt also announced that it had taken a snapshot at 8:00 Beijing time on December 17th, recording all user interaction activities since the birth of the project. NFP airdrops will be fairly distributed to those who have used NFPrmpt so far. For each user, and quantified based on the user’s cNFP accumulation, the airdrop will be open to claim next week.
In addition, NFPrompt also announced that it will conduct a second round of airdrops in the future. With the advent of NFP, users who interact on NPFrompt will directly receive NFP incentives. This may also mean that cNFP points have completed their expected tasks. It is about to withdraw from the stage of history.
