Binance Staking has officially launched BSW Locked Staking. Stake your BSW starting from 2022-04-01 12:00 PM (UTC) to earn multiple rewards.
Activity 1: Deposit & Stake BSW for 30, 60, or 90 Days, Enjoy Up to 143.25% APYPromotion Period: 2022-04-01 12:00 PM (UTC) to 2022-04-10 11:59 AM (UTC)
- 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.
Offered Products (Locked Staking)
|Digital Assets||Duration||Max. Locked Staking Limit Per User||APY During the Promotion Period||Standard Annualized Interest Rate||Min. Locked Staking Limit|
|BSW||30 days||100,000 BSW||71.35%||71.35%||0.01 BSW|
|BSW||60 days||10,000 BSW||76.89%||76.89%||0.01 BSW|
|BSW||90 days||300 BSW||143.25%||100.23%||0.01 BSW|
- The additional APY enjoyed by users during the promotion period will be adjusted to the standard annualized interest rate once the promotion ends.
- 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 BSW to Share 22,500 BSWPromotion Period: 2022-04-01 12:00 PM (UTC) to 2022-04-10 11:59 AM (UTC)
During the promotion period, users who spot-trade BSW tokens (net purchase amount = purchase amount – sell amount > 500 BSW) and participate in 30, 60, or 90 days of BSW 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 45 BSW tokens.Terms and Conditions:
- The BSW rewards of Activity 2 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.
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