Binance Staking has launched new high-yield WOO Locked Staking activities. Stake your WOO starting from 2022-03-09 at 12:00 PM (UTC) to earn multiple rewards.
Activity 1: Deposit & Stake WOO for 10, 30, 60, or 90 Days, Enjoy Up to 49.80% APY
- 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||Standard Annualized Interest Rate||Min. Locked Staking Limit|
|WOO||10 days||50 WOO||49.80%||0.1 WOO|
|WOO||30 days||1,000 WOO||6.95%||0.1 WOO|
|WOO||60 days||500 WOO||8.59%||0.1 WOO|
|WOO||90 days||100 WOO||16.95%||0.1 WOO|
- 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 WOO to Share 40,000 WOO
Promotion Period: 2022-03-09 12:00 PM (UTC) to 2022-03-16 11:59 AM (UTC)During the promotion period, users who spot-trade WOO tokens (net purchase amount = purchase amount – sell amount > 2,000 WOO) and participate in 30,60, or90 days of WOO 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 80 WOO tokens.
Activity 3: New Locked Staking Users to Share 35,000 WOOPromotion Period: 2022-03-09 12:00 PM (UTC) to 2022-03-16 11:59 AM (UTC)
The first 1,000 users who participate in Locked Staking for the first time and subscribe to WOO Locked Staking products during the promotion period are eligible to share 35,000 WOO in rewards.
|Sort by WOO Staking Subscription Time||Reward Amount for Every Eligible User|
|1st -100th Places||100 WOO|
|101st – 200th Places||80 WOO|
|201st – 300th Places||60 WOO|
|301st – 400th Places||40 WOO|
|401st – 500th Places||20 WOO|
|501st – 1,000th Places||10 WOO|
Terms and Conditions:
- The WOO rewards of Activity 2 and Activity 3 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting Account > Wallet > Distribution.
- The 10-day WOO Locked Staking is a high-yield activity, therefore it is not included in Activity 2.
- 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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