vasttrack.blogg.se - Binance us stake

These are among the main reasons why Binance has been as successful as it is, worldwide. In its own right, Binance has managed to not only become one of the recognizable names in the industry, but also showcase that the company cares both about security, as well as KYC compliance, exponentially. While these titles might not sound like a big deal to some, if you know anything about the crypto industry, one thing’s for sure - time spend on the market and project reputation are exceptionally important. As you can imagine, this isn’t without good reason, either!įor starters, let’s get the obvious out of the way - Binance is the largest cryptocurrency exchange on the planet, and also among the most respected crypto-related platforms, in general. So - why stake crypto on Binance? Well, multiple reasons, really! At the beginning of this Binance staking tutorial, I’ve pointed out that Binance is often considered to be one of the best staking platforms on the market. Unless stated otherwise, though, all of the features I’ll be mentioning will relate to the former platform. If you’re looking for staking, though, read on - I’ll be talking about that, too. Naturally, the first question that you might have is this - why should anyone use Binance staking, specifically? The Benefits of Binanceįor the sake of clarity, keep in mind that I’ll be talking about the international version of Binance. We encourage you to do your own research before investing.So, we won’t spend too much time discussing what is staking - instead, we’ll focus on the process of doing so with Binance.

Binance reserves the right to cancel or amend the Activity or Activity Rules at our sole discretion.ĭISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice.

Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.

The 10-day CHESS Locked Staking is a high-yield activity, therefore it is not included in Activity 2.

Users can see their rewards by selecting the Account > Wallet > Distribution.

The CHESS rewards of Activity 2 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends.

500 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value, to each win 10 CHESS tokens.

Promo Period: 12:00 PM (UTC) – 11:59 AM (UTC).ĭuring the promotion period, users who spot-trade CHESS tokens (net purchase amount = purchase amount – sell amount > 500 CHESS) and participate in 30/60/90 days of CHESS Locked Staking are eligible to participate in the activity. Due to different global time zones, it takes 48-72 hours to receive the tokens.Īctivity 2: Buy & Stake CHESS to Share 5,000 CHESS After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. About early redemption: Users can choose to redeem in advance.Unlock period for Locked Staking products: 1 day.The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.Offered Products ( Locked Staking ) Asset Interest Payout Time: Between 00:00 AM – 04:00 AM (UTC) on the next day after the product expires, users’ staked CHESS and earned BNB will be automatically transferred to users’ spot wallets.Interest Calculation Period: From 00:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.

Locked Staking Format: First-come, first-served basis.Binance: Stake CHESS to Earn BNB with Up to 42.17% APY! 2 Activity 1: Stake CHESS to Earn BNB, with APY Up to 42.17% Stake your CHESS to earn up to 42.17% APY with BNB as rewards, starting from at 12:00 PM (UTC). Binance Staking has launched new high-yield CHESS Locked Staking activities.