Binance Continues to rewards users earning passive income effortlessly. Now We are going to dive into Soft Staking where you can celebrate if you will understand its Benefits that will help you to earn passive income while you sleep. Not only Binance Earn, the product which helped many people to earn free airdrop while they stake their BNB Coin on the simple Earn whether flexible or locked while in Soft Staking is quite different from Binance Earn. Below let’s know what is Soft Staking, how to activate and its benefits.
SOFT STAKING:
Soft staking is type of Binance feature that allows users to earn staking rewards on selected tokens held in their spot wallets (Wallets). The image below shows sample of selected tokens purpose for soft staking rewards.
For example these Eligible Tokens are just like Solona, ADA, Polygon, BNB, SUI and more.
Someone May Ask What The ‘BENEFITS’ of Soft Staking? Here Are The Benefits of it.
If You Chose Soft Staking By Participating in it means users can earn rewards that are obtained through the blockchain’s staking mechanism known as Proof Of Stake (PoS). The rewards are paid out in the token’s native, unless otherwise stated.
Remember: Soft Staking is only available for selected tokens. Try to visit the software staking page on Binance App to view the current list as we have seen in the image above 👆
Steps Required To Participate In Soft Staking:
> Ensure You Hodl eligible Tokens in Your Spot Wallet
Eligible are follows, if you hodl at the time of writing this article means you’re eligible to earn passive income from this campaign.
Points To NOTE The Difference Between Auto-Subscribe and Soft Staking:
> Soft Staking only available for selected tokens while Simple Earn (Auto-Subscribe) Used to a broader range of assets.
> Soft Staking tokens remain in your Spot Wallet where you can trade or withdraw anytime.
> Soft Staking No Redemption Process required while Simple Earn Redemption request may be required to access your tokens.
> Soft Staking, Rewards come directly from on-chain staking mechanisms. While Simple Earn, Rewards are generated from multiple sources, mainly from lending.
> Soft Staking, Binance takes multiple daily snapshots f your Spot Wallet to calculate rewards while Simple Earn, Rewards are based on the amount subscribed to Simple Earn flexible Products.
Start Now To Activate Soft Staking To Earn Passive Income effortlessly.