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OM Staking Special: Enjoy Up to 48.67% Rewards Rates and Share 300,000 OM!

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.

Offered Products (Locked Staking)

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-Stakingfunction 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.

   

Source

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