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Binance Staking Launches Locked Staking Support for NEM (XEM)
Binance
2020-08-18 12:41
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
XEMFlexible Locked2,000,000 XEM30,000,000 XEM1.5%500 XEM
XEM30 Days2,000,000 XEM30,000,000 XEM2.8%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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