Friday, June 14, 2024

Sleepless AI Raises Funds in New Crypto Fundraising Round: An Investigative Look

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The world of cryptocurrencies is evolving at an unprecedented pace, with numerous projects emerging to revolutionize various industries. One such project that has recently caught the attention of investors and enthusiasts is Sleepless AI. In this blog post, we will delve into the details of Sleepless AI’s recent fundraising rounds and investigate what this means for the project and the crypto community.

Fundraising Rounds and Investors:
Sleepless AI has successfully secured funding through two significant fundraising rounds. The first round was announced on August 4, 2023, with the leading investor being Binance Labs. This strategic partnership with one of the most prominent players in the crypto industry speaks volumes about the potential and credibility of Sleepless AI.

The second fundraising round was announced on December 26, 2023, with Folius Ventures leading the investment charge. While information about the amount raised in each round is not explicitly mentioned, the involvement of renowned investors underscores the confidence they have in Sleepless AI’s vision and potential.

Token Details and Launchpool on Binance:
To further bolster the project’s ecosystem, Sleepless AI has initiated a Launchpool on Binance. Participants in this Launchpool will have the opportunity to earn Sleepless AI tokens, with a total token supply of 1,000,000,000 AI.

The token rewards for the Launchpool are set at 70,000,000 AI, equivalent to 7% of the total token supply. The initial circulating supply stands at 130,000,000 AI, which accounts for 13% of the total token supply.

Staking terms for the Launchpool require participants to undergo KYC verification. The hourly hard cap per user is set at 33,333.33 AI in the BNB pool, 4,166.66 AI in the FDUSD pool, and 4,166.66 AI in the TUSD pool. This demonstrates the project’s commitment to ensuring fair participation and distribution of tokens.

Farming Period and Future Prospects:
The farming period for the Sleepless AI Launchpool on Binance is scheduled to take place from December 28, 2023, to January 3, 2024. During this period, participants can stake their tokens and potentially earn rewards.

Sleepless AI’s foray into the world of decentralized finance (DeFi) and its strategic partnership with Binance through the Launchpool indicate that the project is prepared to embrace innovation and disruption within the crypto space.

With the successful completion of multiple fundraising rounds and the launch of a promising Launchpool on Binance, Sleepless AI has captured the attention of investors and crypto enthusiasts with its vision in the field of artificial intelligence. By securing strategic partnerships and ensuring the fair distribution of tokens, the project is taking steps towards building a robust and inclusive ecosystem. As Sleepless AI continues on its journey, the crypto community eagerly awaits further updates and developments from this innovative project.

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