Binance Launches Customizable Locked Savings For Band Protocol (BAND)
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Binance has launched support for BAND to the Customizable Locked Savings product at 2020/06/19 12:00 PM (UTC), where 7-day/30-day/60-day products will be made available. This will enable users to lock-up their BAND tokens for a predetermined time-frame to earn annualized interest rate.
Note:
- Amounts subscribed to Binance Savings products will not be able to receive corresponding staking rewards.
- Subscriptions will be closed on a certain product once the maximum limit is reached.
- Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
Check out the official Binance announcement here:
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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