This is a general announcement. The products and services mentioned here may not be available in your area.

Dear Binance members,

Binance is launching BNSOL Super Staking. Users holding BNSOL in their Binance and Web3 Wallet accounts will periodically receive free distribution rewards with an enhanced APR. These rewards are additional free distributions of tokens on top of the base APR of SOL staking on Binance, providing an additional boost to users’ earnings.

Additionally, for a limited time until the end of 2024, all existing and new BNSOL holders will enjoy a higher base APR, compared to the original base APR at launch.

Note: Binance will make separate announcements 1-2 weeks before each BNSOL Super Staking offering to provide more details. During the BNSOL Super Staking period, rewards will be earned daily and can be claimed on the Binance SOL Staking Page.

How to get BNSOL:

There are three ways to get BNSOL:

  1. Go to [Earn] > [SOL Storage] and click [SOL Storage].

  2. Storing SOL to get BNSOL on Binance Web3 Wallet.

  3. Buy BNSOL on Spot Market, Convert, AutoInvest or Buy Cryptocurrency page.

خزّن SOL الآن

About BNSOL:

Binance Staking (BNSOL) SOL tokens represent your staked SOL tokens plus the staking rewards earned, and are tradable and transferable. Regular staking locks up your staked assets, meaning you can’t use them for other purposes – which increases the opportunity cost for the user. However, BNSOL tokens offer the flexibility to sell, convert, or use your staked SOL transactions. You can even transfer your BNSOL tokens to a personal wallet, such as the Binance Web3 Wallet, and use them outside of Binance while still earning rewards. BNSOL tokens earn staking rewards through the BNSOL:SOL conversion rate, even when used in other Binance products or external DeFi applications to generate additional revenue.

comments:

  • Users must complete identity verification and store SOL against BNSOL to enjoy the enhanced APR free distribution rewards.

  • Boosted APR free distribution rewards are contributions from the protocol team to Binance to facilitate promotional activities. In most cases, these projects are listed on Binance.

  • Please refer to the Binance SOL Storage Terms and Conditions and Risk Warning before using SOL Storage.

  • The BNSOL:SOL conversion rate is dynamic and will be updated every round on the Solana network (approximately every 2-3 days). Each BNSOL token will receive SOL staking rewards every round, according to the updated annual percentage rate on SOL staking. Users can redeem their BNSOL tokens for staking rewards on the relevant chain in the form of SOL tokens, based on the updated BNSOL:SOL conversion rate.

  • The BNSOL refund period is approximately four (4) days. Potential processing limitations on the Solana network, such as network failure or congestion, may impact refund requests. In such cases, refunds may be subject to the limits set by Binance.

  • Users can refer to the following contract address for BNSOL tokens on the Solana network.

  • BNSOL tokens and SOL storage on Binance use the native Storage Pool software operated by Solana Labs, a framework that has been audited by multiple security firms and approved by multiple liquidity storage token providers to ensure the overall safety of funds.

  • Participation in BNSOL Super Storage is subject to eligibility based on the user's country or region of residence.

  • US persons, US companies, and individuals from sanctioned countries will not be able to use SOL storage on Binance. Additionally, users may face restrictions on access to SOL storage on Binance due to prevailing product restrictions and/or regulatory restrictions. For more information, please refer to the Binance Terms of Use.

  • Binance reserves the right to disqualify any participants who tamper with the Binance Software script, or interfere with the operation of the Binance Software script using any other software.

  • Binance reserves the right to cancel or modify the Offer or its rules at its sole discretion.

  • Additional offer terms and conditions can be accessed here.

  • There may be a discrepancy between this original English content and any translated versions. Please refer to the original English version of the content for the most accurate information, if there is any discrepancy.

Thank you for your support!

Binance Team

2024-11-07