Binance Announces Launchpool's 42nd Project: Sleepless AI (AI)

Binance launchpool has launched its 42nd project - Sleepless AI (AI), a Web3+AI gaming platform. Users can deposit BNB, FDUSD, and TUSD into the AI mining pool on the Launchpool website to earn AI rewards, which will run for a total of 7 days starting from December 28, 2023, 00:00 (UTC). The website is expected to be updated approximately within the next twenty-four hours before the mining activity begins.

Binance will list Sleepless AI (AI) on January 4, 2024, at 10:00 (UTC). The trading pairs available will include AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY, and will follow the Seed Token Label trading rules.

According to a research report released by Binance Research Institute on the Web3+AI companion gaming platform SleeplessAI, the project has raised $3.7 million through three rounds of private token sales, selling 7.6% of the total AI token supply, with a latest valuation of $200 million. As of December 26, 2023, the total supply of AI tokens is 1,000,000,000, and the circulating supply after listing is 130,000,000 (approximately 13% of the total token supply).

Regarding its token sale and economics, 7.00% of the total token supply is allocated to Binance Launchpool, 1.00% for initial airdrops, 18.00% for investors, 18.00% for the project team, 29.00% for the short-term growth fund, and 27.00% for the long-term treasury fund.