Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Binance Launches OM Locked Staking with Up to 19.9% ​​APR
BLOCKCHAIN NEWS

Binance Launches OM Locked Staking with Up to 19.9% ​​APR

By Crypto FlexsMay 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Launches OM Locked Staking with Up to 19.9% ​​APR
Share
Facebook Twitter LinkedIn Pinterest Email





Binance, the world’s leading cryptocurrency exchange, has launched its OM Locked Staking product offering APRs of up to 19.9%. This announcement was made on the Binance website on September 17, 2021.

The launch of OM Locked Staking is part of Binance’s ongoing efforts to provide users with more ways to earn money from their cryptocurrency holdings. The new product allows Binance users to stake OM tokens, the native token of MANTRA DAO. Decentralized Finance (DeFi) platform.

According to the announcement, the staking period for OM locked staking is 15 days and the minimum staking amount is 0.01 OM. The maximum limit per user is 500 OM, and the total staking limit is 200,000 OM.

Binance calculates staking rewards based on a user’s average daily OM balance. Rewards begin to be calculated at 00:00 AM (UTC) the day after a user stakes OM tokens. Binance distributes staking rewards in OM tokens daily. Staked OM tokens will remain locked for a 15-day staking period and will be automatically released at the end of the staking period.

Binance’s introduction of OM locked staking is a significant development as it offers users high APRs, which could result in significant returns for those who choose to stake their OM tokens.

This move by Binance coincides with the recent surge in interest in staking products in the cryptocurrency sector. Staking allows users to participate in specific cryptocurrency networks and receive rewards for doing so. This is considered a less risky way to profit from cryptocurrency investments compared to trading.

As the world’s largest and most comprehensive cryptocurrency exchange, Binance continues to innovate and bring new products to its users. The launch of OM Locked Stake is the latest in a series of initiatives by the exchange to increase the earning potential of its users.

Binance’s efforts to offer a variety of staking products for different cryptocurrencies have led to the launch of similar staking products for other cryptocurrencies in recent months. This includes staking for Binance Coin (BNB), Bitcoin (BTC), and Ethereum (ETH).

In conclusion, the launch of OM Locked Stake is another step in Binance’s mission to democratize the financial system and bring financial inclusion using blockchain technology and cryptocurrency.

Image source: Shutterstock

. . .

tag


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

Five community coins held by the Avalanche Foundation revealed

March 15, 2024

Ethereum-hosted Tellor pump and dump liquidates $73 million

January 1, 2024

Sony Group Launches Soneium Mainnet, Aims at Layer 2 Blockchain Opening New Possibilities for Creators

January 15, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.