Introducing Klaytn (KLAY) on Binance Launchpool! Farm KLAY by Staking BNB & BUSD Tokens

Fellow Binancians,

Binance is excited to announce the 21st project on Binance Launchpool - Klaytn (KLAY),  an open-source blockchain built by Kakao for performance and scalability.

Users will be able to stake their BNB and BUSD into separate pools to farm KLAY tokens over 14 days, with farming starting from 2021-06-25 00:00 AM (UTC).

KLAY Launchpool Details:

• Token Name: Klaytn (KLAY）
• Total Supply: 10,602,731,555 KLAY
• Circulating Supply: 2,476,554,233 KLAY (25% of total supply）
• Launchpool Supply: 1,327,433 KLAY
• Research Report: Klaytn (KLAY)
• Block explorer: Klaytn Scope
• Staking Terms: No upper limit. No KYC required

Supported Pools: 

• Stake BNB: 1,061,946.4 KLAY in rewards (80%) 
• Stake BUSD: 265,486.6 KLAY in rewards (20%)
• Farming Period: 2021-06-25 00:00 AM (UTC) to 2021-07-08 11:59 PM (UTC).

KLAY Farming Distribution

Read about Klaytn (KLAY) in our research report here.

Please note:

• Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
• Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
• Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
• Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
• Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
• Tokens staked in each pool and also any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
• BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.

Project Links

Website: https://www.klaytn.com/

Whitepaper: https://www.klaytn.com/Klaytn_PositionPaper_V2.1.0.pdf

Telegram: https://t.me/Klaytn_EN

GitHub: https://github.com/klaytn/klaytn

Twitter: https://twitter.com/klaytn_official

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Thanks for your support!

Binance Team

2021-06-24
 

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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.