Binance Staking Launches Locked Staking Support for IRIS. Receive Annualized Interest of up to 21.25% for the First Month

2020-07-31 14:07

Fellow Binancians,

Binance Staking is launching support for IRIS Locked Staking at 2020/07/31 12:00 PM (UTC), where 30-day, 60-day and 90-day locked staking products will be made available. Further details are below:

  • Locked Staking Format: First-come-first-served basis.
  • Interest Calculation Period: From 0:00 AM (UTC) on the day after locked staking is confirmed to the end of the corresponding product period.
  • Interest Payout Time: Immediately after maturity.

Receive annualized interest of up to 21.25% on IRIS locked staking!

To thank our users for their support, Binance Staking is offering a bonus interest rate for IRIS locked staking for the first month from 2020/07/31 12:00 PM (UTC) to 2020/08/31 12:00 PM (UTC), offering up to annualized interest of 21.25%.

Offered Products (

)

Digital Assets

Term to Maturity

Total Locked Staking Limit

Standard Annualized Interest Rate

Bonus Activity Interest Rate (APR)

Lot Size

IRIS

30 Days

10,000,000 IRIS

5.7%

8.55%

100 IRIS

IRIS

60 Days

10,000,000 IRIS

7.8%

11.7%

100 IRIS

IRIS

90 Days

10,000,000 IRIS

8.5%

12.75%

100 IRIS

Please note:

  • Interest rates will revert back to the standard annualized interest rate after the activity period.
  • Event bonus rewards will be distributed within 2 weeks after the end of the event. You can view your reward distributions under Wallets - Distribution History on your User Dashboard.
  • Only KYC-verified users who participate in IRIS Locked Staking during the event are eligible to receive bonus rewards.
  • Once your tokens are locked-up using a Locked Staking product, your assets will no longer earn monthly staking rewards.
  • Binance holds all rights regarding the interpretation of this event.

Thanks for your support!

Binance Team

2020/07/31

Trade on the go with Binance’s mobile crypto trading app:

Find us on

Telegram:

Twitter:

Facebook:

Instagram: