Binance Exchange is launching a new trading pair BNSOL/SOL, allowing everyone to start trading BNSOL at 11 am (UTC) on October 10, 2024. BNSOL allows users to earn more money by staking SOL (a cryptocurrency).

There are three ways to get BNSOL:

Find the "SOL Staking" option in "Yield" on Binance, and you can get BNSOL by staking SOL. Use Binance's Web3 wallet to exchange SOL for BNSOL. If you already have BNSOL, you can continue to enjoy the benefits by putting it in your Binance account.

In addition, starting from October 16, 2024, Binance will have an event for about 8 to 10 days. At that time, whether you are a new or old user, you can earn an additional 10% annual yield by taking BNSOL.

In short, Binance staking SOL allows users to lock up SOL to earn rewards, but BNSOL is more flexible and you can use it for other investments while not affecting your staking rewards.