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Dear Binance members,
Binance is pleased to announce the third project on BNSOL Super Staking in collaboration with Binance’s partner token - MANTRA (OM), a layer-1 blockchain built specifically for tokenized real-world assets.
Users who hold BNSOL or store SOL for BNSOL in their Binance account or Binance Wallet from 2025-01-01 00:00 (UTC) to 2025-01-31 23:59 (UTC) will receive the enhanced OM annual percentage rate free distribution rewards.
The OM Annual Percentage Rate Boosted Free Distribution Rewards are additional free distribution rewards granted on top of the base APR of SOL staking on Binance, providing an additional APR boost to users' earnings.
BNSOL Super Staking Rewards Pool:
How to claim OM rewards:
The OM Annual Percentage Rate Boosted Free Distribution Rewards will be available to claim daily at approximately 05:30 (UTC), from 02-01-2025 onwards.
Eligible users can visit the SOL Staking Page and click [Claim Rewards] to claim their rewards. Otherwise, these WOO Annual Percentage Rate Boosted Free Distribution rewards will be distributed to users' Spot Wallets after the campaign ends on 2025-02-01 05:30 (UTC).
How to get BNSOL:
There are three ways to get BNSOL:
Go to [Earn] > [SOL Storage] and click [SOL Storage].
Store SOL for BNSOL on Binance Wallet.
Buy BNSOL on Spot Market, Convert, AutoInvest or Buy Cryptocurrency page.
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 a Binance 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.
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Users must complete identity verification and store SOL against BNSOL. All BNSOL balances in Spot, Funding, Earn, Futures, Leveraged and Binance wallets of eligible users are eligible for the enhanced OM Annual Percentage Rate (APR) Free Distribution Rewards.
For BNSOL holders on Binance, including BNSOL master and sub accounts, they will be able to enjoy enhanced APR free distribution rewards.
The APR Boosted Free Distribution Rewards are contributions from the successful protocol team to Binance to support and facilitate promotional activities.
Users' trade balances from BNSOL trades will be recorded multiple times at any given time to obtain the average daily balances and calculate their rewards. User rewards are calculated based on the previous day's balance recordings and will be updated daily.
The first OM Annual Percentage Rate Boosted Free Distribution Rewards will be available to claim on 02-01-2025 at 05:30 (UTC), and the final rewards will be available on 01-02-2025 at 05:30 (UTC).
Users will be able to accumulate and claim their rewards directly to their instant wallets at any time.
Currently, BNSOL DeFi assets only support Binance Wallet MSC. Users must hold the supported assets on Binance Wallet MSC to qualify for any rewards. Rewards will be available to claim on the SOL Staking Page and will be transferred to users’ Spot Wallets:
Origin: SOL tokens stored on Binance (BNSOL)
Contract address: https://solscan.io/token/BNso1VUJnh4zcfpZa6986Ea66P6TCp59hvtNJ8b1X85
Please refer to the Binance SOL Storage Terms and Conditions 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 redemption period is approximately four (4) days. Potential processing limitations on the Solana network, such as network failure or congestion, may impact redemption requests. In such cases, redemptions may be subject to the limits set by Binance. During this period, users will not be eligible for the enhanced APR free airdrop rewards.
Users can return to the next contract address for BNSOL tokens on the Solana network.
BNSOL tokens and SOL storage on Binance use the native Storage Pool Software run 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.
Users may experience 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 amend the Offer or its rules at its sole discretion.
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
2024-12-27