#BinanceSquareFamily #BinanceAnnouncements @Binance Announcement @Binance Square Official Binance Launches WOO (WOO) on BNSOL Super Stake: Earn WOO APR Boost Airdrop Rewards
Binance has unveiled its 2nd project on the BNSOL Super Stake, introducing an exciting opportunity for users to earn additional rewards through WOO APR Boost Airdrops. By staking or holding SOL in the form of BNSOL, users can enjoy boosted APR alongside their regular staking returns.
This collaboration with WOO Network marks another innovative step in offering Binance users more ways to grow their holdings.
---
Key Campaign Details
Campaign Period: 2024-12-17 00:00 (UTC) to 2024-12-31 23:59 (UTC).
Rewards Pool: A total of 2,255,706.94 WOO tokens will be distributed.
Daily Rewards Cap: Up to 150,380.46 WOO tokens available each day.
Type of Rewards: Bonus APR in addition to standard staking rewards.
---
How to Participate
1. Hold BNSOL in Your Binance Wallet:
Ensure your account contains BNSOL tokens, either purchased or converted.
2. Stake SOL to Receive BNSOL:
Access Binance Earn > SOL Staking.
Stake SOL in exchange for BNSOL on Binance’s wallet platform.
Alternatively, purchase BNSOL via Binance’s Spot Market or other supported features.
---
Claiming WOO Rewards
Daily Availability: Rewards will be available for claiming starting from 2024-12-18 05:30 (UTC).
Auto Distribution: Any unclaimed WOO tokens will automatically be transferred to users’ Spot Wallets after the campaign ends on 2025-01-01 05:30 (UTC).
---
What is BNSOL?
BNSOL is a liquid token that represents staked SOL on Binance. It allows users to stake SOL while retaining the ability to trade or utilize the staked tokens in other financial operations.
Reward Mechanism: The value of BNSOL increases over time as staking rewards accumulate. These are reflected in the BNSOL:SOL conversion ratio, updated every Solana network epoch (~2-3 days).
Flexibility: Users can trade or redeem BNSOL for SOL, but redemption may take up to four days, depending on Solana’s network performance.
---
Why Join the WOO APR Boost Campaign?
Enhanced Earnings: Earn extra rewards through the WOO airdrop while enjoying regular staking benefits.
Seamless Process: Participating in the campaign is straightforward and offers liquidity via BNSOL.
Dynamic Opportunities: Explore staking while maintaining access to your assets for other investments.
---
Additional Notes
Users must complete identity verification to be eligible for rewards.
Binance will calculate rewards based on average BNSOL holdings through daily snapshots.
Redemption delays may occur due to Solana network conditions.
---
Important Links
BNSOL Overview: Binance Staking Guide
Token Contract: BNSOL Token Address on Solscan
Binance Team
2024-12-12
---
This extended version retains clarity while providing additional details for readers. Let me know if you need further adjustments!