【Project Research | NFP: Value Regression Relies on "Burning"】
Brothers, in this wave of imitation projects, I've got my eye on an interesting project — NFPrompt ($NFP).
This project has recently been making moves, summed up in two words:
Real! Burning! Money!
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01|Burn Mechanism:
On May 10th, the official NFP Twitter announced the completion of the 3rd token burn, a one-time destruction of 3,000,000 tokens, directly cutting them from circulation, permanently invalid!
The total amount burned has exceeded 7 million, and the official statement is very straightforward:
“This is how we build. This is how we burn.”
Those who understand, understand that this model of continuously reducing supply, once demand increases, is a bombshell.
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02|Staking Incentives:
Binance has also endorsed it, recently launching NFP staking financial products:
• Flexible savings, up to 20% APR
• 1,300,000 NFP prize pool
Those who haven't participated can check it out: Activity link direct >>
In plain terms, the project party is using real money to pull users into locking up funds and encouraging long-term holding.
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03|K-Line Trend:
I'll share a chart for you to feel for yourself:
【Insert image: NFP April-May K-line chart】
From the lowest point of $0.0485 in early April, it has risen to the recent $0.091, with a monthly increase of over 55%. Many people have yet to notice this structural rebound opportunity.
My personal opinion:
• There is a retracement to buy in around the 0.078-0.082 range
• The upper resistance is at $0.10
• Once the volume breaks through, the space will open up
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The model of this project is simple and straightforward:
“Burn” the circulating supply, “lock” in market chips.
Among so many projects in the crypto space, very few can actively “shrink supply” in a bear market.
NFP is worth paying attention to.