Binance Staking Launches STMX Staking with Up to 11.56% APY
2022-02-15 06:11
Fellow Binancians,
Binance Staking has launched a series of new high-yield STMX Locked Staking activities. Stake your STMX starting from 2022-02-15 at 12:00 PM (UTC) to earn multiple rewards.
Activity 1: Deposit & Stake STMX for 30, 60, or 90 Days, Enjoy Up to 11.56% 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.
| Digital Assets | Duration | Max. Locked Staking Limit Per User | Standard Annualized Interest Rate | Min. Locked Staking Limit |
STMX | 30 days | 100,000 STMX | 5.85% | 1 STMX |
STMX | 60 days | 60,000 STMX | 7.89% | 1 STMX |
STMX | 90 days | 8,000 STMX | 11.56% | 1 STMX |
Please note:
- 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 STMX to Share 700,000 STMX
Promo Period: 2022-02-15 12:00 PM (UTC) - 2022-02-22 11:59 AM (UTC)
During the promotion period, users who spot-trade STMX tokens (net purchase amount = purchase amount - sell amount > 30,000 STMX) and participate in 30/60/90 days of STMX Locked Staking are eligible to participate in the activity.
500 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value, to each win 1,400 STMX tokens.
Activity 3: New Locked Staking Users to Share 490,000 STMX
Promo Period: 2022-02-15 12:00 PM (UTC) - 2022-02-22 11:59 AM (UTC)
The first 500 users who participate in Locked Staking for the first time and subscribe to STMX Locked Staking during the promotion period are eligible to share 490,000 STMX in rewards.
Sort by STMX Staking Subscription Time | Reward Amount for Every Eligible User |
1st -100th Places | 1,400 STMX |
101st - 200th Places | 1,200 STMX |
201st - 300th Places | 1,000 STMX |
301st - 400th Places | 800 STMX |
401st - 500th Places | 500 STMX |
Terms and conditions:
- The STMX rewards of Activity 2 and Activity 3 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting the Account > Wallet > Distribution.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to cancel or amend the Activity or Activity 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.
Thanks for your support!
Binance Team
2022-02-15
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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.