This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Staking has launched ELF Locked Staking. Stake your ELF from 2022-07-13 at 12:00 (UTC) to earn multiple rewards.

Promotion 1: Deposit & Stake ELF to Enjoy Up to 59.97% APY

Promotion Period: 2022-07-13 12:00 (UTC) to 2022-07-23 11:59 (UTC)

• Locked Staking Format: First-come, first-served basis.
• Reward Calculation Period: From 00:00 (UTC) on the day after you add your cryptocurrency to a staking pool, until the end of the staking period.
• Reward Payout Time: On a daily basis.

Offered Products (Locked Staking)

Digital Assets	Duration	Max. Locked Staking Limit Per User	APY During the Promotion Period	Standard Annualized Interest Rate	Min. Locked Staking Limit
ELF	30 days	30,000 ELF	12.76%	12.76%	0.01 ELF
ELF	60 days	2,000 ELF	16.29%	16.29%	0.01 ELF
ELF	90 days	150 ELF	59.97%	20.98%	0.01 ELF

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.
• Binance Staking will return staked digital assets/digital currencies to users’ spot wallets at the end of the agreed staking period. The value of digital assets/digital currencies fluctuates and is subject to change.
• Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
• Users can enable the “Auto-Staking” function before completing subscriptions to Staking products, which will automatically add their digital assets/digital currencies to the staking pool again at the end of the staking period.
• Unlock period for Locked Staking products: One day.
• Locked Staking FAQ.
• About early redemption: Users can choose to redeem their assets in advance. After choosing early redemption, the staked digital assets will be returned to the spot account, and any distributed rewards will be deducted from staked digital assets. It may take 48-72 hours to receive the digital assets.

Promotion 2: New Locked Staking Users to Share 45,000 ELF

Promotion Period: 2022-07-13 12:00 (UTC) to 2022-07-23 11:59 (UTC)

During the promotion period, the first 2,000 users who participate in Locked Staking for the first time and subscribe to a minimum of 700 ELF in ELF Locked Staking products, will be eligible to share 45,000 ELF in rewards.

Sort by ELF Staking Subscription Time	Reward Amount for Each Eligible User
1st - 100th Places	70 ELF
101st - 200th Places	60 ELF
201st - 300th Places	50 ELF
301st - 400th Places	40 ELF
401st - 500th Places	30 ELF
501st - 1,000th Places	20 ELF
1,001st - 2,000th Places	10 ELF

Terms and Conditions:

• The ELF rewards for Promotion 2 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting Account > Wallet > Transaction History > Distribution.
• 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.

Thanks for your support!

Binance Team

2022-07-13

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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.

Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Locked Staking will return the staked digital assets to users’ spot wallets after the agreed period ends or upon early redemption. You have no right to a reward until it is received by Binance and Binance does not guarantee that you will receive any specific staking reward, or any staking return over time. APY is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted APY in any fiat currency. APY is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.