Binance Web3 Wallet is collaborating with StakeStone to distribute exclusive 2,000,000 StakeStone token rewards in addition to the Omni-Chain Carnival.
How to participate in the Binance Web3 campaign with StakeStone?
To participate, you will need to be among the first 14,000 users bridging a minimum of 0.15 ETH from Ethereum and staking your ETH as STONE on Scroll before May 31, 2024 23:59:59 (UTC). During this period, users who join via Binance Web3 Wallet and stake a minimum of 0.15 ETH will be eligible to earn 20 StakeStone governance tokens each.
In addition, you can keep your staked STONE positions on Scroll until June 17, 2024 23:59:59 (UTC) to earn additional rewards. Each eligible participant will be qualified to split the rest of the 2,000,000 StakeStone reward pool equally and receive StakeStone Carnival points.
How to bridge ETH and stake STONE from my Binance Web3 Wallet?
1. Create a Binance Web3 Wallet
You may skip steps 1-3 if you already have a backed-up Binance Web3 Wallet. Find out more about Binance Web3 Wallet here.
1. Download the Binance app and ensure it’s in the latest version. Register for a Binance account and complete identity verification.
2. Tap [Wallets] and go to the [Web3] tab.
3. Follow the instructions to create your Binance Web3 Wallet. Please note that you must back up your Web3 Wallet before moving on to the next step.
2. Deposit or transfer ETH to your Binance Web3 Wallet
You’ll need to have at least 0.15 ETH on the Ethereum network in your Web3 Wallet before proceeding. Please note that you must have some extra ETH (worth $15-20 in ETH) to cover the gas fees for bridging your ETH tokens to Scroll.
How to get ETH in my Binance Web3 Wallet?
If you don’t have any ETH in your Web3 Wallet, you can:
- Transfer funds from the Binance Exchange Wallet to the Binance Web3 Wallet using the [Transfer] button.
- Send ETH from an external wallet to your Binance Web3 Wallet using the [Receive] button.
For more details, please refer to How to Send and Receive Tokens on Binance Web3 Wallet?.
3. Staking your STONE to the Omni-Chain Carnival
1. On your Web3 Wallet homepage, go to [Discover] - [Airdrops]. Tap [Join Now] under the StakeStone Airdrop campaign banner.
2. Tap into the campaign landing page and tap [Join Now].
Please note that to be eligible for the campaign rewards, you have to deposit a minimum of 0.15 ETH.
3. You’ll be redirected to StakeStone’s website. Connect your Binance Web3 Wallet by tapping [Sign in to Continue].
4. Tap [Stake & Bridge to Scroll] and select ETH. Enter the amount, for example, 0.15 ETH, and tap [Send]. Then, check that the details are correct before tapping [Confirm] to sign the transaction.
5. Once your ETH is successfully staked as the STONE, you’ll see a [Succeed] pop-up. Your dashboard will reflect the updated STONE balance corresponding to your staked amount in a few minutes.
Be one of the first 14,000 users to stake STONE before 2024-05-31 23:59 (UTC) to be eligible for 20 StakeStone governance tokens as the mission reward. To claim an equal share of the remaining StakeStone tokens from the 2,000,000 reward pool, keep your staking positions until 2024-06-17 23:59 (UTC) from the Binance Web3 Wallet exclusive campaign and earn some original Carnival points.
How to withdraw my STONE from this campaign?
To get additional rewards, stake your STONE until 2024-06-17 23:59 (UTC) to claim an equal share of the remaining StakeStone tokens from the 2,000,000 reward pool of the Binance Web3 Wallet exclusive campaign and on-going Carnival points.
You can bridge your STONE back to the Ethereum network following the steps below.
Please note that you’d need to pay gas fees on Scroll to bridge STONE back to the Ethereum mainnet.
1. Go to your Binance Web3 Wallet and tap [Discover] - [Airdrops] to visit the StakeStone Omni-Chain Carnival page. Tap the network icon at the bottom right and change the network to [Scroll].
2. Make sure you’re on the Scroll network and tap the menu button at the top right and select [Bridge]. Enter the amount that you’d like to bridge and select [Ethereum Mainnet].
3. Tap the menu at the top right corner again and select [Stake]. Toggle to the [Unstake] tab. Switch to the Ethereum Network now from the bottom right.
4. Choose either the [Request] or [Instant] withdrawal method.
- [Request] allows you to withdraw your STONE at a 1:1 ratio with ETH without slippage, but the funds will take 3-7 days to arrive in your account.
- [Instant] can withdraw your staked STONE immediately. Please note that this method is subject to slippage.
How to get ETH on Scroll Chain to pay for gas fees when withdrawing my STONE?
During the STONE withdrawal process, you need to have ETH on Scroll Chain to pay for gas fees. Follow the steps below to get ETH on Scroll Chain.
1. Go to Binance Web3 Wallet and tap [Discover] - [DApps].
2. Search for “Owlto Finance” to enter its DApp.
3. Connect your Binance Web3 Wallet by tapping [Connect Wallet].
4. After connecting your wallet, switch to the [Bridge] tab. Select “ETH” next to [Token]. Then, select “Ethereum” under [From] and “Scroll” under [To].
5. Enter the token amount you want to bridge and tap [Send]. Check that the details are correct before signing the transaction. Your ETH will be bridged to the Scroll Chain on your wallet.
