REEF Staking Special: Enjoy Up to 119.79% APY and Share 10,400,000 REEF in Rewards!
2022-06-01 08:00
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Staking has launched REEF Locked Staking. Stake your REEF from 2022-06-01 at 12:00 PM (UTC) to earn multiple rewards.
Promotion 1: Deposit & Stake REEF to Enjoy Up to 119.79% APY*
Promotion Period: 2022-06-01 12:00 PM (UTC) to 2022-06-11 11:59 AM (UTC)
- Locked Staking Format: First-come, first-served basis.
- Reward Calculation Period: From 00:00 AM (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.
Digital Assets | Duration | Max. Locked Staking Limit Per User | APY* During the Promotion Period | Standard Annualized Interest Rate | Min. Locked Staking Limit |
REEF | 30 days | 800,000 REEF | 20.86% | 20.86% | 1 REEF |
REEF | 60 days | 50,000 REEF | 23.87% | 23.87% | 1 REEF |
REEF | 90 days | 10,000 REEF | 119.79% | 29.79% | 1 REEF |
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.
- 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: Buy & Stake REEF to Share 7,000,000 REEF
Promotion Period: 2022-06-01 12:00 PM (UTC) to 2022-06-11 11:59 AM (UTC)
During the promotion period, users who fulfill both of the following requirements are eligible to participate in this promotion:
- Attain a net purchase amount of 40,000 REEF or more (where net purchase amount means the total amount of REEF purchased on Binance Spot less the amount of REEF sold on Binance Spot)
- Participate in 30, 60, or 90 days of REEF Locked Staking,
For this Promotion, 1,000 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value. Each selected user will receive 7,000 REEF tokens.
Promotion 3: New Locked Staking Users to Share 3,400,000 REEF
Promotion Period: 2022-06-01 12:00 PM (UTC) to 2022-06-11 11:59 AM (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 10,000 REEF in REEF Locked Staking products, will be eligible to share 3,400,000 REEF in rewards.
Sort by REEF Staking Subscription Time | Reward Amount for Each Eligible User |
1st - 100th Places | 7,000 REEF |
101st - 200th Places | 6,000 REEF |
201st - 300th Places | 5,000 REEF |
301st - 400th Places | 4,000 REEF |
401st - 500th Places | 2,000 REEF |
501st - 1,000th Places | 1,000 REEF |
1,001st - 2,000th Places | 500 REEF |
Terms and Conditions:
- The REEF rewards for Promotions 2 and 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 > 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.
* APY calculation is an estimate of rewards you will earn in Digital Assets over the selected timeframe. It does not display the actual or predicted APY in any fiat currency. APY is adjusted daily and the estimated earnings may be different from the actual earnings generated.
Risk warning: Cryptocurrency is subject to high market risk. There may be no recourse for any losses. See risk warnings here: https://www.binance.com/en/terms.
Thanks for your support!
Binance Team
2022-06-01
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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.