Binance Earn's locking feature allows you to maximize your earnings and access new tokens by automatically participating in all Launchpools. Here's a detailed guide on how it works and its benefits:
How it Works
1. BNB Locking: Allocate your BNB to options like Flexible Savings, Staking, or other Binance Earn offerings. Your locked BNB will generate rewards and qualify you for Launchpools.
2. Automatic Participation in Launchpools: Whenever Binance launches a new project via Launchpool, your locked BNB will automatically count towards the rewards allocation, eliminating the need for manual transfers.
3. Rewards: Launchpool rewards are calculated based on the amount of BNB locked and the length of participation. Rewards are distributed daily and can be withdrawn at any time.
Benefits
1. Practicality: Automates your participation in all Launchpool projects, saving you time and effort.
2. Double Earnings: Your BNB generates rewards both in Launchpool and in the chosen Earn functionality, maximizing your earnings.
3. Flexibility: In many cases, you can redeem your BNB at any time, depending on the type of lock chosen.
Activating the Locking Feature
1. Access Binance Earn: Go to the Earn section on the Binance app or website.
2. Select the BNB Product: Choose the option that supports participation in Launchpools.
3. Confirm the Lock: Align the desired amount and confirm.
By following these simple steps, you can unlock the full potential of your BNB and maximize your earnings with Binance Earn's locking feature.
