Fellow Binancians,
Binance Staking has officially launched LIT Locked Staking. Stake your LIT starting from 2022-05-06 at 12:00 PM (UTC) to earn multiple rewards.
Activity 1: Deposit & Stake LIT to Enjoy Up to 61.99% APY
Promotion Period: 2022-05-06 12:00 PM (UTC) to 2022-05-16 11:59 AM (UTC)
- Locked Staking Format: First-come, first-served basis.
- Interest Calculation Period: From 00:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis.
Digital Assets | Duration | Max. Locked Staking Limit Per User | APY During the Promotion Period | Standard Annualized Interest Rate | Min. Locked Staking Limit |
LIT | 30 days | 4,000 LIT | 14.59% | 14.59% | 0.1 LIT |
LIT | 60 days | 1,500 LIT | 16.53% | 16.53% | 0.1 LIT |
LIT | 90 days | 40 LIT | 61.99% | 18.97% | 0.1 LIT |
Please note:
- The additional APY enjoyed by users during the promotion period will be adjusted to the standard annualized interest rate once the promotion ends.
- Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
- 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.
- Unlock period for Locked Staking products: 1 day.
- Locked Staking FAQ.
- About early redemption: Users may choose to redeem their assets in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it may take 48-72 hours to receive the tokens.
Activity 2: Buy & Stake LIT to Share 12,500 LIT
Promotion Period: 2022-05-06 12:00 PM (UTC) to 2022-05-16 11:59 AM (UTC)
During the promotion period, users who spot-trade LIT tokens (net purchase amount = purchase amount - sell amount > 300 LIT) and participate in 30, 60, or 90 days of LIT Locked Staking are eligible to participate in the activity.
500 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value, to each win 25 LIT tokens.
Activity 3: New Locked Staking Users to Share 10,000 LIT
Promotion Period: 2022-05-06 12:00 PM (UTC) to 2022-05-16 11:59 AM (UTC)
During the promotion period, the first 2,000 users who participate in Locked Staking for the first time and subscribe a minimum of 40 LIT in LIT Locked Staking products, are eligible to share 10,000 LIT in rewards.
Sort by LIT Staking Subscription Time | Reward Amount for Each Eligible User |
1st -100th Places | 25 LIT |
101st - 200th Places | 20 LIT |
201st - 300th Places | 15 LIT |
301st - 400th Places | 10 LIT |
401st - 500th Places | 5 LIT |
501st - 1,000th Places | 3 LIT |
1,001st - 2,000th Places | 1 LIT |
Terms and Conditions:
- The LIT rewards of Activity 2 and 3 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting the Account > Wallet > Distribution.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to cancel or amend the Activity or Activity Rules at its sole discretion.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2022-05-06
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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.