Binance new feature, earn interest by holding tokens #SoftStaking
📌 What is 'Earn Interest by Holding Tokens'?
Through Binance's earn interest by holding tokens, users only need to hold tokens in their spot account to automatically earn staking rewards. Earn interest by holding tokens offers ample flexibility, allowing users to trade, withdraw, or use their spot assets at any time while earning income.
In simple terms, it's designed for the lazy, eliminating the need to manually enter financial management for assets that haven't matured, but the downside is that it has specific token restrictions and requires a certain amount to automatically start.
📌 How to participate in Binance's earn interest by holding tokens?
1. Log in to Binance exchange, select [Wealth Management] at the top
2. Find [Principal Guaranteed Earnings]
3. Click [Earn Interest by Holding Tokens]
4. Remember to [Turn On] earn interest by holding tokens
📌 Supported tokens for Binance's earn interest by holding tokens
SOL, ADA, POL, BNB, SUI, S, NEAR, TON, ALGO, AXS
📌 Finally, here’s the tutorial article I wrote earlier: