Binance Staking Launches Locked Staking Support for NEM (XEM)

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)

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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