What kind of currency is NFP? What are the characteristics of NFP coins?

php Xiaobian Yuzai will take you to learn about NFP currency. NFP is the abbreviation of New Finance Protocol and is an emerging cryptocurrency. NFP coins are digital assets based on blockchain technology and have the characteristics of decentralization, anonymity and security. The issuance and trading of NFP coins are all carried out on the blockchain network. Users can obtain NFP coins through purchase, transaction and mining. NFP currency has huge development potential and wide application prospects. It is one of the digital currencies worthy of attention and research.

What currency is NFP?

NFP is the token of the NFPrompt platform, the first AI-based user-generated content (UGC) platform in Web3. It aims to provide users with an easy way to create AI art and convert it into NFTs. NFPrompt's goal is to redefine the intersection of AI and Web3 to bring unprecedented creative and financial experiences to users.

The distribution mechanism of NFP tokens is fair and reasonable, providing equal opportunities to all community members regardless of their status, including novice investors, contributors, venture capitalists and market participants.

The platform uses a unique token mechanism that provides incentives to original creators in the form of royalties when their prompt words are re-used. This mechanism promotes the trading and circulation of AI-generated NFTs and is combined with the creative cooperation of the Web3 project to introduce token incentives and encourage the community to participate in AI-generated content creation activities.

NFP token holders can participate in the platform’s decision-making process by proposing governance changes and participating in exclusive auctions. Staking NFP tokens will receive different proportions of the total transaction fees according to the length of the lock-up period. In order to reward true supporters, NFPrompt plans to promote the development of the platform economy through airdrops, events, and wallet activities.

What about NFP coins?

Currently, NFP coins are performing well. According to available data, the price of NFP coin is US$0.84. Although it is lower than the historical high price of US$8.04, it is still a large increase compared to the issue price of US$0.02. The current return on investment is 4200%, which is an optimistic figure. Taken together, the development prospects of NFP currency are still good.

NFP completed a seed round of financing in the first half of 2023 at a valuation of US$60 million. In order to encourage community users to participate in activities, NFP adopts a points system for token distribution and airdrops. NFPrompt is committed to the concept of creation as the core of the community, demonstrating AI artistic creation through a variety of theme creation activities, and attracting more users to participate in NFP activities. In order to achieve this goal, NFP has established community building projects such as "NFPCredit System" and "Voting System". These initiatives are designed to promote community engagement and showcase the diversity of AI artistic creation.

NFPrompt is currently using the "NFP CreditSystem" for token distribution and airdrops. Users can earn corresponding points by checking in, creating, voting and trading NFT on the NFP platform every day. In addition, the community also held an event where CreditSystem was paired with a Discord identity group. Users could participate in the event and apply for Maestro and Promphet identities on Discord. These events provide users with more opportunities to participate and earn rewards.

Users with Maestro identity and bound wallet address will be able to participate in tickets for specific events/lotteries and be eligible for token air investment. The promphet status is considered a loyal supporter of NFP and has the rights to additional token distribution, empowerment of outstanding works, and bounty tasks.

In the voting system launched by NFP, users have the right to vote based on the points they have previously obtained. They can share the event prize pool by voting for the works in the "Official Creation Theme Competition". At the same time, outstanding works with the most votes will be officially certified. and special rights such as auctions. After the voting system is launched, NFP will better reward creators and bring more rights to excellent works.

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