Binance Launches FIO Staking, Promotional Giveaway of 400,000 $FIO
FIO is excited to announce that leading cryptocurrency exchange Binance has added the FIO token to Binance Staking, a one-stop hub allowing Binance users to earn DeFi rewards against top cryptocurrencies. FIO Locked Staking in Binance offers safe, high-yield, and multiple earn options with the opportunity to earn an initial APY of up to 107.69% during the introductory period.
→ Read the official Binance announcement here
To celebrate Binance’s launch of FIO Locked Staking, FIO and Binance have teamed up to give away 400,000 tokens to users who stake early. Users who stake FIO starting from 2022–04–20 at 12:00 PM (UTC) have the opportunity to earn multiple rewards across three different activities. Full details below!
🎉 Activity 1
🥩 Deposit & Stake FIO for 30, 60, or 90 Days
➡️ Enjoy Up to 107.69% APY
Promotion Period: 2022–04–20 12:00 PM (UTC) to 2022–04–30 11:59 AM (UTC)
- Locked Staking Format: First-come, first-served basis.
- Interest Calculation Period: From 00:00 AM (UTC) on the day after Locked Staking is confirmed to the end of the corresponding product period.
- Interest Payout Time: On a daily basis.
Offered Products (Locked Staking)
Please note:
- The additional APY enjoyed by users during the promotion period will be adjusted to the standard annualized interest rate once the promotion ends.
- Users can view their Locked Staking assets by going to Wallets > Earn > Locked Staking > Locked.
- The APY is adjusted daily based on the on-chain staking rewards and the specific APY is subject to the page display on the day.
- Unlock period for Locked Staking products: 1 day.
- Locked Staking FAQ.
- About early redemption: Users can choose to redeem their assets in advance. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to different global time zones, it takes 48–72 hours to receive the tokens.
🎉 Activity 2
🥩 Buy & Stake FIO
➡️ Share 250,000 FIO
Promotion Period: 2022–04–20 12:00 PM (UTC) to 2022–04–30 11:59 AM (UTC)
During the promotion period, users who spot-trade FIO tokens (net purchase amount = purchase amount — sell amount > 5,000 FIO) and participate in 30, 60, or 90 days of FIO Locked Staking are eligible to participate in the activity.
1,000 users will be selected from all eligible participants based on the Award Selection Rules Based on Binance Chain Hash Value, to each win 250 FIO tokens.
🎉 Activity 3
🥩 New Locked Staking Users
➡️ Share 150,000 FIO
Promotion Period: 2022–04–20 12:00 PM (UTC) to 2022–04–30 11:59 AM (UTC)
During the promotion period, the first 1,000 users who participate in Locked Staking for the first time and subscribe a minimum of 600 FIO in FIO Locked Staking products, are eligible to share 150,000 FIO in rewards.
Terms and Conditions:
- The FIO rewards of Activity 2 and 3 will be allocated to recipients’ Binance Wallets within two weeks after the activity ends. Users can see their rewards by selecting the Account > Wallet > Distribution.
- Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.
- Binance reserves the right to cancel or amend the Activity or Activity Rules at our sole discretion.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
About FIO
FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses. FIO Protocol is built on the FIO Chain, a dPoS blockchain fueled by ecosystem utilization of the FIO Token ($FIO).
