This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Earn is pleased to launch a promotion for Binance SOL Staking. Stake SOL to BNSOL and complete the Web3 Quest for a chance to win multiple rewards:
A share of up to $100,000 in SOL;
One of 20 Solana Seeker Phones;
Earn approximately 5% APR in SOL staking rewards* with BNSOL (Binance SOL Staking).
*Note: Users may check the staking rewards APR here, which varies from time to time.
To qualify:
Click [Register Now] on the activity page.
Complete the steps in Promotion A and Promotion B.
Promotion Period: 2024-09-24 00:00 (UTC) to 2024-10-24 23:59 (UTC)
Users can stake SOL to BNSOL and/or complete the Web3 Quest to get a Total BNSOL Score, which will then be ranked on the leaderboard for a chance to share the below dynamic rewards pool:
The total size of the dynamic rewards pool to be unlocked depends on the Total BNSOL Score of all qualified participants during the Promotion Period, and can go up to 745 SOL.
Total BNSOL Score Calculation:
Calculation Period: 2024-09-10 00:00 (UTC) to 2024-10-24 23:59 (UTC)
Calculation Parameters:
Net BNSOL Staked Amount = Total BNSOL staked through Binance SOL Staking + Total BNSOL Staked on Binance Web3 Wallet (All Wallets)* - Total BNSOL redeemed to SOL - Total SOL Locked Products Early Redeemed (Converted to BNSOL for activity calculations, based on daily conversion ratios)
Users are required to stake any amount of SOL to BNSOL through Binance SOL Staking for their Net BNSOL Staked Amount to be eligible.
A snapshot of a user's Net BNSOL Staked Amount will be taken at random once every 24 hours (i.e., between 00:00 UTC to 23:59 UTC) during the Promotion Period and reflected on the leaderboard.
*Users will be able to stake SOL to BNSOL on the Binance Web3 Wallet once BNSOL Binance Web3 Wallet Staking goes live. Rankings will be reflected on the leaderboard as soon as the data is ready to sync.
Web3 Quest Multiplier = 1.5 or 1
Users may withdraw any amount of BNSOL from their Binance Spot Wallet to their Binance Web3 Wallet (MPC Wallets Only) during the Promotion Period to earn a Web3 Quest Multiplier of 1.5.
Completing the Web3 Quest is not mandatory. If the Web3 Quest is not completed, then Web3 Quest Multiplier = 1.
This will be applied to users’ Net BNSOL Staked Amount to calculate a Total BNSOL Score.
Please note: If users staked BNSOL directly through the Binance Web3 Wallet (All Wallets) when this feature is available, they will automatically get a 1.5 Web3 Quest Multiplier. Otherwise, users must complete the Web3 Quest to get a Multiplier.
Total BNSOL Score Calculation Examples:
Assumes a conversion ratio of 1 SOL = 0.99 BNSOL for simpler illustration, the actual conversion ratios will apply based on the day and the time of these user actions.
All eligible users will be ranked by their Total BNSOL Score accumulated each day during the Promotion Period. Top users will qualify to share the dynamic rewards pool above.
Promotion B: Maintain a 1 BNSOL Score for a Special Giveaway of a Solana Seeker Phone
Binance is excited to announce a special giveaway! At 2024-10-24 23:59 (UTC), we will use the BNB Smart Chain hash value to automatically select 10 users from Promotion A. To qualify, simply stake and maintain at least 1 BNSOL Score by 2024-10-24 23:59 (UTC). Each of the 10 selected users will receive a Solana Seeker Phone.
Binance SOL Staking allows users to stake their Solana (SOL) tokens to support the Solana network’s operations. By staking SOL on Binance, users contribute to the network’s security and efficiency, and will receive BNSOL tokens in return, which is a tokenized representation of staked SOL and rewards.
Users can purchase SOL on the Spot market or via the Buy Crypto page using various payment methods, such as Visa and Mastercards, Apple Pay, Google Pay, and wallet balances to stake into BNSOL. Alternatively, users can also deposit SOL to their Binance account to stake into BNSOL.
BNSOL is also supported on the Binance Web3 Wallet, users can withdraw their BNSOL to their Web3 Wallet and explore Solana protocols that have integrated with BNSOL, such as Kamino, Solayer, Drift, Orca, Meteora, MarginFi, Raydium, Sanctum, Save, Jupiter and Pyth.
Further Information:
Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in this Promotion.
Please refer to the Binance SOL Staking Terms and Conditions and Risk Warning prior to using SOL Staking.
Users may also view the FAQs on Binance SOL Staking for more information.
Each sub-account will not be viewed as an independent account when participating in this Promotion. Sub-accounts’ net SOL staking amount will be combined with the master account’s standard net SOL staking amount.
Web3 Wallets created from the same UID will not be viewed as an independent account when participating in this Promotion. All Net BNSOL Staking Amount under different Web3 Wallets under the same UID will be combined together to work out a Net BNSOL Staking Amount.
Rewards Distribution:
SOL token rewards will be airdropped to eligible users by 2024-11-20 23:59 (UTC), unless otherwise advised by Binance. Users may find their rewards via Wallets > Spot.
Binance will provide a 100% discount code for Solana Seeker Phones to all eligible winners via email, CS outbound chat, and VIP managers (if any) within three weeks after the Promotion ends.
Winners have to redeem the discount code during checkout on the Solana Mobile Store before 2024-12-31 15:59 (UTC). If winners fail to redeem the discount code before the date, their reward will be forfeited. Winners will be responsible for any taxes, shipping and fees if applicable.
No refunds or cash equivalent value of the physical rewards will be granted.
Binance uses the exchange rate of SOL/USD at 2024-09-12 to calculate the total rewards in USD.
Users can view their SOL staking assets on the Binance SOL Staking Page.
Redemption period for SOL staking (BNSOL): Four days.
Web3 wallet protocols: Binance does not assume any responsibility for the performance, security, or reliability of third-party protocols mentioned. Users engage with these protocols at their own risk, and Binance will not be liable for any losses or damages arising from their use. For more of the Web 3 wallet terms please see here.
Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional promotion terms and conditions can be accessed here.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-09-24
