NKN Staking Special: Enjoy Up to 63.79% Rewards Rates and Share 450,000 NKN!

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Staking has launched NKN Locked Staking. Stake your NKN from 2022-06-24 at 12:00 (UTC)to earn multiple rewards.

Promotion 1: Deposit & Stake NKN to Enjoy Up to 63.79% APY

Promotion Period: 2022-06-24 12:00 (UTC) to 2022-07-04 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)

Digital Assets	Duration	Max. Locked Staking Limit Per User	APY During the Promotion Period	Standard Annualized Interest Rate	Min. Locked Staking Limit
NKN	30 days	75,000 NKN	7.59%	7.59%	1 NKN
NKN	60 days	20,000 NKN	12.68%	12.68%	1 NKN
NKN	90 days	600 NKN	63.79%	16.82%	1 NKN

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: Buy & Stake NKN to Share 150,000 NKN

Promotion Period: 2022-06-24 12:00 (UTC) to 2022-07-04 11:59 (UTC)

During the promotion period, users who fulfill both of the following requirements are eligible to participate in this promotion:

Attain a net purchase amount of 3,300 NKN or more (where net purchase amount means the total amount of NKN purchased on Binance Spot less the amount of NKN sold on Binance Spot).
Participate in 30, 60, or 90 days of NKN 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. Each selected user will receive 300 NKN tokens.

Promotion 3: New Locked Staking Users to Share 300,000 NKN

Promotion Period: 2022-06-24 12:00 (UTC) to 2022-07-04 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 10,000 NKN in NKN Locked Staking products, will be eligible to share 300,000 NKN in rewards.

Sort by NKN Staking Subscription Time	Reward Amount for Each Eligible User
1st - 100th Places	600 NKN
101st - 200th Places	500 NKN
201st - 300th Places	400 NKN
301st - 400th Places	300 NKN
401st - 500th Places	200 NKN
501st - 1,000th Places	100 NKN
1,001st - 2,000th Places	50 NKN

Terms and Conditions:

The NKN 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.

Thanks for your support!

Binance Team

2022-06-24

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

Find us on

Telegram: https://t.me/binanceexchange

Twitter: https://twitter.com/binance

Facebook: https://www.facebook.com/binance

Instagram: https://www.instagram.com/binance

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. APY is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted APY in any fiat currency. APY 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.

Read the original article at binance

Stay tuned to CoinCarp Social Media and Discuss with Us:

X (Twitter) | Telegram | Reddit

Download CoinCarp App Now: https://www.coincarp.com/app/