As a seasoned analyst with years of experience in the cryptocurrency market, I find this latest move by Binance to be a strategic one. The addition of MANTRA OM to their BNSOL Super Stake platform and the associated OM APR Boost Airdrops is an excellent opportunity for users to maximize their staking returns. This move showcases Binance’s commitment to providing its users with diverse opportunities and increasing the rewards for holding or staking assets on their platform.
Binance has incorporated MANTRA DAO OM as a new addition to its BNSOL Super Stake program, expanding possibilities for users to gain enhanced staking returns. Furthermore, the platform is providing customers with extra incentives through the OM APR Boost Airdrop promotions.
Beginning in January 2025, Binance has incorporated MANTRA DAO’s native token, OM, into its BNSOL Super Stake program. This means that individuals who own or stake SOL within the BNSOL platform will become eligible for a daily OM APR Boost Airdrop Reward. These additional rewards supplement the standard returns from staking SOL in the BNSOL pool. The campaign is scheduled to distribute 191,619.83 OM tokens every day (a total of 6,181.28 OM per day) throughout the entire month of January.
Starting from the first day of January and ending on the last day of January 2025, users who either own BNSOL or stake SOL into BNSOL via their Binance accounts or wallets will be eligible for a special OM APR Boost Airdrop Reward. Binance clarified that these rewards are extra to the standard APR earned through Binance’s SOL staking program, enhancing users’ income even more. This campaign awards participants a portion of 191,619.83 OM tokens, distributed daily in amounts of 6,181.28 OM. The exchange emphasized that this is an additional benefit to the usual earnings from staking SOL on Binance.
Between January 1st, 2025, at midnight (UTC) and January 31st, 2025, at eleven fifty-nine p.m. (UTC), individuals possessing BNSOL or depositing SOL into BNSOL through their Binance accounts or wallets will become eligible for the OM APR Boost Airdrop Benefits. These additional rewards complement the base APR from Binance’s SOL Staking, thereby providing users with a boost in their staking returns.
On January 2, 2025, around 05:30 UTC, Binance notified eligible users that they can start collecting OM APR Boost Airdrop rewards. If the rewards are not claimed by this date, they will be transferred automatically to the users’ Spot Wallets once the campaign ends on February 1, 2025, also at 05:30 UTC.
With this campaign, users have the opportunity to delve into the Binance platform and boost the returns on their staked assets simultaneously. To get started, you can deposit SOL in Binance’s [Earn] section or your Binance Wallet by staking BNSOL. Another option is to acquire BNSOL by using the Spot Market, Convert feature, Auto-Invest, or the Buy Crypto page for purchases.
Binance Expands Ecosystem with New Changes and Rebranding
The platform has informed its customers that it will eliminate specific trading pairs to ensure a robust and liquid market for trades. Affected pairs are ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, and QKC/BTC (and others). Furthermore, Binance has broadened its services by incorporating USUAL as a borrowable asset within Binance Loans (Flexible Rate), an open-ended loan service that enables users to securely borrow cryptocurrencies using assets in Simple Earn Flexible Products as collateral.
Borrowers get to experience adjustable loan durations, instant Annual Percentage Rate (APR) bonuses, and constantly changing interest rates that refresh every sixty seconds. To submit new loan requests, it’s essential to update the Binance App to version 2.78.0 or a more recent one, as previous versions no longer accommodate this functionality.
Additionally, Binance is set to facilitate Fantom’s token swap and rebranding to Sonic [NC]. This means that all FTM trading pairs will be removed, along with pending orders, as of January 13, 2025. Trading for the new Sonic (S) pairs will commence on January 16, 2025.
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2024-12-27 18:54