This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Staking has launched OM Locked Staking. Stake your OM from 2022-08-18 at 11:00 (UTC) to earn multiple rewards.
Promotion 1: Deposit & Stake OM to Enjoy Up to 48.67% APR
Promotion Period: 2022-08-18 11:00 (UTC) to 2022-08-28 11:59 (UTC)
- Locked Staking Format: First-come, first-served basis.
- Reward Calculation Period: From 00:00 (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 | Standard Annualized Interest Rate | Min. Locked Staking Limit Per User |
OM | 10 days | 600 OM | 48.67% | 0.01 OM |
Please note:
- 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.
- Users can enable the “Auto-Staking” function before completing subscriptions to Staking products, which will automatically add their digital assets/digital currencies to the staking pool again at the end of the staking period.
- 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 OM to Share 150,000 OM
Promotion Period: 2022-08-18 11:00 (UTC) to 2022-08-28 11:59 (UTC)
During the promotion period, users who fulfill all the below given requirements will be eligible to participate in this promotion:
- Attain a net purchase amount of 4,200 OM or more (where net purchase amount means the total amount of OM purchased on Binance Spot less the amount of OM sold on Binance Spot).
- Participate in 30, 60, or 120 days of OM Locked Staking.
For this promotion, 500 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value to each receive 300 OM tokens.
Promotion 3: New Locked Staking Users to Share 150,000 OM
Promotion Period: 2022-08-18 11:00 (UTC) to 2022-08-28 11:59 (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 2,600 OM in OM Locked Staking products, will be eligible to share 150,000 OM in rewards based on the reward structure below.
Reward Structure:
Sort by OM Staking Subscription Time | Reward Amount for Each Eligible User |
1st - 100th Places | 300 OM |
101st - 200th Places | 250 OM |
201st - 300th Places | 200 OM |
301st - 400th Places | 150 OM |
401st - 500th Places | 100 OM |
501st - 1,000th Places | 50 OM |
1,001st - 2,000th Places | 25 OM |
Terms and Conditions:
- The OM 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.
- Additional promotion terms and conditions can be accessed here.
Thanks for your support!
Binance Team
2022-08-18
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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.
Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Locked Staking will return the staked digital assets to users’ spot wallets after the agreed period ends or upon early redemption. You have no right to a reward until it is received by Binance and Binance does not guarantee that you will receive any specific staking reward, or any staking return over time. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted APR in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.