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Binance Staking Launches “Stake ONT to Earn ONG” Promo with Up to 21.79% APY

Binance
2021-04-28 10:10
Fellow Binancians,
Binance Staking has launched a new high-yield activity. Stake your ONT to earn ONG with up to 21.79% APY starting from 2021-04-28 12:00 PM (UTC).
  • 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: Between 0:00 AM - 4:00 AM (UTC) on the next day after the product expires, users’ staked ONT and earned ONG will be automatically transferred to the spot wallets.
Offered Products (Locked Staking)
Digital AssetsDurationMax. Locked Staking Limit Per UserStandard Annualized Interest RateMin. Locked Staking Limit
ONT
15 days
300 ONT
21.79%
1 ONT
ONT
30 days
50,000 ONT
5.79%
1 ONT
ONT
60 days
10,000 ONT
8.74%
1 ONT
ONT
90 days
10,000 ONT
11.49%
1 ONT
Please note:
  • Users can view their Locked Staking assets by going to Wallets > Savings > Locked Staking.
  • 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.
  • Early redemption: Users can choose to redeem in advance before the staking period ends. After choosing early redemption, the principal will be returned to users’ spot accounts, and users will NOT receive ONG rewards.
  • The price of ONT and ONG will be calculated based on the prices during 0:00 AM - 4:00 AM (UTC) on the next day after the product expires.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-04-28
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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.
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