In a remarkable development in the digital asset sphere, Binance has unveiled its latest collaboration with the groundbreaking Sleepless AI gaming platform. This venture marks the 42nd project to be featured on the esteemed Binance Launchpool. The anticipation is palpable, as the staking webpage is slated to be accessible roughly a day prior to the Launchpool's commencement.
Binance Debuts Sleepless AI
Commencing at the stroke of midnight (UTC) on the 28th of December, 2023, Binance users are presented with the unique opportunity to stake their BNB, FDUSD, and TUSD in dedicated pools. This initiative allows participants to cultivate AI tokens over a span of seven days, paving the way for a novel engagement in the digital gaming arena.
Innovative Staking Starts Soon
This strategic move by Binance is not just about staking but about fostering a new era in AI gaming. The company has meticulously orchestrated the staking process to ensure an equitable and streamlined experience for its users.
Trading AI Tokens in January
The trading of AI tokens is scheduled to commence on the 4th of January, 2024, at 10:00 (UTC). Binance has confirmed the introduction of several trading pairs, including AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY. Notably, the AI tokens will bear the 'Seed Tag', adding an extra layer of distinction to these digital assets.
Sleepless AI: Launchpool Facts
The Sleepless AI (AI) token emerges as a cornerstone of this venture. With a total supply of one billion AI tokens, the Launchpool is poised to offer 70 million AI tokens (representing 7% of the total supply) as rewards. The initial circulating supply stands at 130 million AI tokens, which is 13% of the total supply.
1 Billion AI Tokens Released
The AI Token (AI) is underpinned by a robust smart contract, ensuring transparency and security in the tokenomics. This approach reflects Binance's commitment to fostering trust and reliability in its offerings.
Mandatory KYC, Staking Limits
In line with regulatory compliance and security measures, Binance mandates KYC (Know Your Customer) for all participants. Additionally, a stringent hourly hard cap per user is set at 33,333.33 AI for the BNB pool and 4,166.66 AI for the FDUSD and TUSD pools, ensuring a fair distribution among stakers.
Generous Rewards for Stakers
The reward structure is particularly attractive, with the BNB pool offering 56 million AI (80% of the rewards), and the FDUSD and TUSD pools each providing 7 million AI (10% of the rewards). This distribution strategy is indicative of Binance's intent to accommodate a diverse range of investors and their preferences.
The farming period, spanning from the 28th of December, 2023, to the 3rd of January, 2024, represents a pivotal moment in the evolution of AI gaming and digital assets. Binance's strategic foresight in launching the Sleepless AI gaming platform on its Launchpool is a testament to its innovative spirit and dedication to leading the charge in the digital economy.
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