Binance Launches NFPrompt Mining Mode

Binance, a leading cryptocurrency exchange, has initiated the 41st phase of the NFPrompt project, ushering in the era of NFPrompt (NFP), a unique AI-powered user-generated content (UGC) platform crafted specifically for Web3 creators.

This latest development positions itself at the intersection of artificial intelligence and user-generated content, aiming to empower creators within the Web3 space.

Mining Opportunities for Users

Users are invited to participate in the NFP mining pool on the Binance Launchpad website.

The investment options include BNB, FDUSD, and TUSD, offering a diverse range for users to contribute and potentially reap rewards.

The window for participation opens after 08:00 on 20 December 2023, according to the East Eight District time zone, with a 7-day mining period allowing users to accumulate NFP rewards.

To facilitate a seamless experience, the Launchpad website is slated for an update approximately five hours post-announcement, strategically timed just before the commencement of the mining activity.

This ensures that users can engage with the platform in an optimised environment, leveraging the latest enhancements for a more efficient and user-friendly mining experience.

NFPrompt Launchpool Details

The NFPrompt Launchpool details, outlined in the Binance announcement, provide key information.

This includes the token name, NFPrompt (NFP), with a total token supply of 1 billion.

The Launchpool token rewards account for 110 million (11% of the total token supply), while the initial circulating supply stands at 25 million.

KYC verification is required, and the daily total rewards amount to 15,714,285.71.

Exploring NFPrompt

NFPrompt (NFP) is a unique AI-driven platform tailored for Web3 creators, incubated as part of Binance Labs' sixth season in June.

The platform empowers users to generate diverse content (AIGC) through AI tools.

It facilitates a marketplace for AIGC works and their corresponding prompts, offering users the ability to transform dull text into dynamic and intuitive digital content, including images, videos, animations, PFP avatars, music, and 3D models.

Users Experience Service Error

Some users have reported encountering service errors when attempting to access the website.

This issue has caused inconvenience for those trying to navigate the platform, with some experiencing difficulties in completing transactions or accessing specific features.