Fellow Binancians,
Binance Staking is launching support for NEM (XEM) Locked Staking at 2020/08/18 12:00 PM (UTC), where Flexible Locked and 30-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.
Offered Products (Instant Locked Staking)
Digital Assets | Term to Maturity | Individual Locked Staking Limit | Total Locked Staking Limit | Standard Annualized Interest Rate | Minimum Locked Amount |
| XEM | Flexible Locked | 2,000,000 XEM | 30,000,000 XEM | 1.5% | 500 XEM |
| XEM | 30 Days | 2,000,000 XEM | 30,000,000 XEM | 2.8% | 500 XEM |
Please note:
- XEM unlock period from locked staking products: 1 day.
- Users can view their locked staking assets by going to Wallets > Savings > PoS.
- Once your tokens are locked-up using a Locked Staking product, your assets will no longer earn monthly staking rewards.
- Locked Staking FAQ.
Thanks for your support!
Binance Team
2020/08/18
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