The world’s largest cryptocurrency trade Binance has introduced that it’s going to listing the extremely anticipated token Binance Staked SOL (BNSOL).
“Binance will listing BNSOL and open buying and selling for BNSOL/SOL at 10/102024 08:00 UTC.”
Stating that there are 3 methods to purchase BNSOL, Binance listed them as follows:
“[Kazan] > [ SOL Staking ] öğesine gidin ve [SOL Stake] öğesine tıklayın.
Deposit SOL to BNSOL in Binance Web3 Pockets.
Deposit BNSOL to your Binance account.
Binance additionally introduced a promotional supply for customers who stake SOL. Accordingly, Binance stated, “Stake SOL to obtain BNSOL and revel in as much as 10% elevated APR. In the course of the marketing campaign interval, all new and current BNSOL holders will obtain as much as 10% APR.”
What’s Binance Staked SOL (BNSOL)?
Binance Staked SOL (BNSOL) is the token that represents your staked SOL and the staking rewards acquired, in a tradable and transferable type.
Common staking locks your staked property, that means you can not use them for different functions.
In return, BNSOL gives flexibility to promote, switch, or redeem your staked SOL place. You may transfer BNSOL to a private pockets like Binance Web3 Pockets and use it exterior of the Binance platform whereas incomes rewards. BNSOL accumulates staking rewards via the BNSOL:SOL conversion price, even when utilized in different Binance merchandise or exterior DeFi functions for added yield alternatives.
*This isn’t funding recommendation.
