Binance Launchpool Unveils Sleepless AI
Binance Launchpool has introduced its 42nd project, Sleepless AI. The Web+AI gaming platform will have its token listed on Binance by January 4, and users can farm the token by staking their BNB.
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Binance has announced the 42nd project on its Launchpool, Sleepless AI. The project is a gaming platform that combines elements of blockchain technology and artificial intelligence, and it will be available for listing on January 4, 2024.
According to the announcement, the project token will use the AI ticker and be available for farming by December 28. This means users can stake their BNB. FDUSD and TUSD over seven days to get airdrops. The announcement has already caused a surge in BNB value even as the general crypto market recorded over 2% drop in global market cap.
What is Sleepless AI
Sleepless AI is a Web3+AI gaming platform that creates games with romantic themes. It already has a flagship game called HIM, a virtual romantic partner game where players get to meet their ideal virtual companion.
The project docs claim it wants to advance web3 gaming by integrating advanced AI and blockchain technologies. However, its mission to "offer unparalleled emotional support and immersive gaming experiences through AI companion games" better captures what Sleepless AI is all about.
Meanwhile, the project is still very much in its early stages, which means not so much has happened. However, the project is auctioning its Genesis non-fungible token NFTs for users and asking them to vote for their favorite NFTs on its website. Participating in such activities could make users eligible for its airdrop.
Sleepless AI Tokenomics
Although the project has not provided much information, Binance's announcement highlighted its tokenomics. SleeplessAI has a total supply of one billion tokens. The initial circulating supply is 130 million tokens, while those 70 million AI tokens have been set aside for participants in Binance Launchpool farming.
The 70 million tokens meant for the launchpad would be in three separate pools. Stakers in the BNB pool get 56 million, which is 80% of the reward. The remaining 20% is equally shared 7 million apiece between the FDUSD and TUSD pools.
With the listing set for early January, Binance has already disclosed the trading pairs. They will include AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD and AI/TRY.
BNB Soars
Following the announcement of the upcoming listing, Binance's BNB rose more than 14% to cross the $300 mark. The price has since dropped to $296, which is still enough to make it one of today's best-performing assets. Several other cryptocurrencies declined today, with BTC dropping almost 3%.
The jump is likely because BNB would be staked in the AI launch pool, and holders of the digital asset get most of the available reward.
However, it's too early to tell how AI will perform when it is finally listed on Binance. Given that it combines two trending technologies – AI and blockchain – the token will likely attract early interest. But its utility will determine whether that translates into long-term growth.
