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What currency is NFPrompt (NFP) currency?
NFPrompt (NFP) is a decentralized cryptocurrency built on the Binance Smart Chain, enabling seamless NFT trading within the NFP Marketplace.
Nov 29, 2024 at 10:52 am
What is NFPrompt (NFP) Currency?
Chain Classification
NFPrompt (NFP) is a decentralized cryptocurrency that operates on the Binance Smart Chain (BSC). Launched in 2021, NFP utilizes the BEP-20 token standard and is primarily designed for use within the NFP Marketplace, a platform dedicated to non-fungible token (NFT) trading.
Key Features of NFP Currency
- NFT Marketplace Compatibility: NFP is natively integrated with the NFP Marketplace, facilitating seamless NFT purchases, sales, and trading within the ecosystem.
- Transaction Fees: Transactions on the Binance Smart Chain, including NFP transfers, incur a minimal fee known as gas.
- Decentralized Nature: NFP operates on a decentralized blockchain, eliminating the need for intermediaries and providing users with control over their assets.
- Tokenomics: NFP has a limited issuance cap of 10 billion tokens, designed to maintain its value over time.
Use Cases of NFP Currency
- NFT Purchases: NFP is the primary currency used to purchase NFTs on the NFP Marketplace.
- Trading Fees: NFP can be used to cover transaction fees associated with NFT trading on the NFP Marketplace.
- Governance: NFP holders can participate in governance decisions regarding the NFP ecosystem.
- Liquidity Provision: NFP can be provided as liquidity to trading pools on decentralized exchanges.
NFP Currency in the Blockchain Landscape
NFP's primary usage within the NFP Marketplace distinguishes it from other cryptocurrencies that operate within the broader blockchain industry. While NFP may not be as widely adopted as larger cryptocurrencies, its integration with the NFP Marketplace provides utility and value to users within that specific ecosystem.
Note: The ranking of the top 3 cryptocurrencies by market capitalization is provided for context and does not imply a ranking for NFP currency.
Top 3 Cryptocurrencies by Market Capitalization
1. Bitcoin (BTC)
- Market Cap: Over $1 trillion
- Block Time: Approximately 10 minutes
- Key Features: Decentralization, limited supply, store of value
2. Ethereum (ETH)
- Market Cap: Over $400 billion
- Block Time: Approximately 13 seconds
- Key Features: Smart contract functionality, dApp development platform
3. Tether (USDT)
- Market Cap: Over $70 billion
- Block Time: Variable
- Key Features: Stablecoin pegged to the US dollar, facilitates transactions across different blockchains
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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