BNB Trade Volume Rises by 70% as Binance Launches Sleepless AI
BNB rises 10% with Sleepless AI launch on Binance, offering AI token staking from Dec 28 to Jan 3, and listing on Jan 4.
Binance's token, BNB, saw a nearly 10% increase in value after announcing its 42nd project on Launchpool, Sleepless AI (AI). Starting December 28, 2023, Binance users can farm AI tokens for seven days by staking BNB, FDUSD, and TUSD.
Sleepless AI is a unique gaming platform combining artificial intelligence (AI) and blockchain technology. It aims to revolutionize the gaming industry with its team's expertise and innovative approach.
Details of Staking in Sleepless AI
For staking, Binance requires users to complete KYC verification. There are hourly reward caps for each user. The rewards are divided among different staking pools:
- 56,000,000 AI for staking BNB (80% of rewards)
- 7,000,000 AI each for staking FDUSD and TUSD (10% each of rewards)
The staking period runs from December 28, 2023, to January 3, 2024. Binance promises a fair distribution of Sleepless AI tokens.
The AI token will be listed on Binance on January 4, 2024, with various trading pairs. The total supply of AI tokens is 1 billion, with 70 million (7%) offered as Binance Launchpool rewards. The initial circulating supply is 13 million AI tokens (13%). AI tokens can be used for in-game purchases at a discount for holders.
Following this announcement, Binance Coin (BNB) increased by 9.45%, trading at $288.75. The 24-hour trade volume increased by 71.06% to $1.3 billion, and BNB hit a new 1-month high of $288.79.
