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This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Staking has launched ELF Locked Staking. Stake your ELF from 2022-07-13 at 12:00 (UTC)to earn multiple rewards.
Promotion 1: Deposit & Stake ELF to Enjoy Up to 59.97% APY
Promotion Period: 2022-07-13 12:00 (UTC) to 2022-07-23 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.
Offered Products (Locked Staking)
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Digital Assets
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Duration
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Max. Locked Staking Limit Per User
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APY During the Promotion Period
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Standard Annualized Interest Rate
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Min. Locked Staking Limit
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ELF
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30 days
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30,000 ELF
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12.76%
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12.76%
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0.01 ELF
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ELF
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60 days
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2,000 ELF
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16.29%
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16.29%
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0.01 ELF
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ELF
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90 days
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150 ELF
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59.97%
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20.98%
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0.01 ELF
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Please note:
- The additional APY enjoyed by users during the promotion period will be adjusted to the standard annualized interest rate once the promotion ends.
- 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: New Locked Staking Users to Share 45,000 ELF
Promotion Period: 2022-07-13 12:00 (UTC) to 2022-07-23 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 700 ELF in ELF Locked Staking products, will be eligible to share 45,000 ELF in rewards.
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Sort by ELF Staking Subscription Time
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Reward Amount for Each Eligible User
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1st - 100th Places
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70 ELF
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101st - 200th Places
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60 ELF
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201st - 300th Places
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50 ELF
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301st - 400th Places
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40 ELF
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401st - 500th Places
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30 ELF
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501st - 1,000th Places
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20 ELF
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1,001st - 2,000th Places
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10 ELF
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Terms and Conditions:
- The ELF rewards for Promotion 2 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting 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.