Binance Introduces OM Locked Staking with up to 19.9% APR
At Extreme Investor Network, we are excited to share the latest news from the world’s leading cryptocurrency exchange, Binance. The platform has recently launched the OM Locked Staking product, offering users an impressive APR of up to 19.9%. This announcement, made on September 17th, 2021, marks a significant step in Binance’s commitment to providing innovative ways for users to earn through their crypto holdings.
The OM Locked Staking product allows Binance users to stake their OM tokens, the native tokens of MANTRA DAO, a decentralized finance (DeFi) platform. This staking opportunity comes with a 15-day duration, a minimum staking amount of 0.01 OM, a maximum limit of 500 OM per user, and a total staking limit of 200,000 OM.
Staking rewards for OM Locked Staking will be calculated based on a user’s daily average OM balance, starting from 0:00 AM (UTC) on the day following the staking of OM tokens. Rewards will be distributed daily in the form of OM tokens, with the staked tokens remaining locked during the 15-day staking period and automatically released afterwards.
With the introduction of OM Locked Staking, Binance aims to provide users with a high APR, offering the potential for substantial returns to those who choose to participate. This move aligns with the growing interest in staking products within the cryptocurrency sector, presenting a less risky way for users to earn returns on their crypto investments compared to traditional trading methods.
As the largest and most comprehensive cryptocurrency exchange globally, Binance continues to lead the way in innovation by offering new and diverse products to its users. The launch of OM Locked Staking is just one of many initiatives by Binance to enhance the earning potential of its user base.
In addition to OM Locked Staking, Binance has also introduced similar staking products for other cryptocurrencies like Binance Coin (BNB), Bitcoin (BTC), and Ethereum (ETH) in recent months. These initiatives further demonstrate Binance’s commitment to expanding the staking options available to its users.
In conclusion, the launch of OM Locked Staking exemplifies Binance’s ongoing mission to democratize the financial system and promote financial inclusion through the utilization of blockchain technology and cryptocurrencies.
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