NFP – artificial intelligence and social media token

An artificial intelligence platform designed for web3 developers - that in itself sounds good. If we add the possibility of combining it with social platforms and the possibility of commercialization, the NFP token may seem a tempting possibility. Is she really? We are checking.

We continue the series of the Forex Club portal, in which we analyze and describe the largest, highest valued, most interesting, most developed, advanced, and most controversial cryptocurrency projects around the world. Today it's time for NFP - a token that has been on the cryptocurrency market for less than a month.

What is NFP and how does it work?

NFP is a broadly operating platform based on several elements. One of the most important of them is the ability to create works of art, based on artificial intelligence. The project also provides five different tools for creating images, videos and music. This allows almost anyone to create NFTs.

The platform also includes a place to discover works of art generated by artificial intelligence and a channel for creators and influencers to connect with fans, share exclusive content and valuable information.

Artworks can be bought and sold using BNBChain and opBnB. This also reduces network fees.

NFP token division

NFP tokens were created on Cryptocurrency market Binance, where the starting pool went, amounting to 11,00% of their total supply. Previously, investors had already bought 10% of the total supply, and the team creating the project received 15%.

Another 27% was deposited in the so-called treasury fund, as tokens not suitable for circulation. They cannot be used to pay or exchange. However, they can be staked to earn interest, but they do not provide any management rights. They were issued to ensure the stability of the project and its sustainable development.

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Further development of the project

In the first quarter of 2024, it is planned to launch the NFP Creators Foundation, which will be responsible for the commercialization of NFP. The foundation will purchase popular NFTs selected by the community.

Cooperation with business clients will also be developed, including establishing partnerships with well-known AI companies. There are also plans to launch an official NFT collection.

In the second quarter of 2024, the focus will be on expansion in emerging countries, as well as changes to facilitate easier use of the platform, which are intended to make it mass-marketable.

How the NFP token works

NFP is the native token of NFPrompt. You can, of course, stake it and receive a portion of the fees the platform earns. NFP holders can also vote for their favorite works of art and enter competitions to win prizes.

Payments are also made in NFP for created works of art: paintings, films or music. Individual brands that create competitions on the platform must also settle in this token. Just like influencers who want to promote their content.

As in all similar projects, NFP tokens are also used to manage the future NFPrompt.

NFP cryptocurrency quotes

Initial supply of NFP tokens on Binance cryptocurrency market amounted to PLN 250, i.e. 000% of the total amount that will ultimately be released into circulation. Currently, the NFP cryptocurrency can be purchased on 000 cryptocurrency exchanges. As of January 25, 23, 30 of the target 2024 units are in circulation. Each of them costs USD 710, which translates into a capitalization of over USD 000 million. The peak of quotations took place on December 000, 1, when the price for NFP was USD 000.

NFP/USDT chart, D1 interval. Source: Binance platform