Binance Staking Launches PORTO Staking with APY Up to 40.45%
Binance Staking has officially launched a series of new high-yield PORTO Locked Staking activities. Stake your PORTO starting from 2021-12-23 at 12:00 PM (UTC) to earn multiple rewards.
Activity 1: Deposit & Stake PORTO for 10, 30, 60, or 90 Days, Enjoy Up to 40.45% APY
- 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.
Offered Products (Locked Staking)
|Digital Assets||Duration||Max. Locked Staking Limit Per User||Standard Annualized Interest Rate||Min. Locked Staking Limit|
- 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 can choose to redeem 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 takes 48-72 hours to receive the tokens.
Activity 2: Buy & Stake PORTO to Share 2,000 PORTO
Promo Period: 2021-12-23 12:00 PM (UTC) - 2021-12-30 11:59 AM (UTC)
During the promotion period, the first 500 users who spot-trade PORTO tokens (net purchase amount = purchase amount - sell amount > 200 PORTO) and participate in 30/60/90 days of PORTO Locked Staking are eligible to each receive 4 PORTO.
Terms and conditions:
- The PORTO rewards of Activity 2 will be allocated to recipients’ Binance Wallets within two weeks after the promotion ends. Users can see their rewards by selecting the Account > Wallet > Distribution.
- The 10-day PORTO Locked Staking is a high-yield activity, therefore it is not included in Activity 2.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to cancel or amend the Promotion or Promotion Rules at our 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.
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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.