Hello! 😊 Let's talk as if we were best friends from college

I'm going to explain what staking of 🪙 Solana on Binance is and if it's a good thing to do.

What is Solana staking on Binance?

You have a bunch of magical coins

(called Solana (SOL)).

These coins not only serve to buy things,

but they can also multiply if you keep them in a special place. Note that this special place has its conditions.

Now, you can keep these coins in a box called Solana staking, it's a 📦 super strong 💪 and 🔐 secure box, you lend your coins to that box.

While those coins are in the vault, it helps keep the Solana cryptocurrency stable, which means that as long as the coins you put in the vault are maintaining order, you will receive small rewards.

😮 🎉On Binance, you can do this in two ways:

Normal Staking: You store your Solana and wait some time to earn rewards. You can't use those coins while they're stored.

Staking with BNSOL: You convert your Solana into a special coin called BNSOL. This is great because you can use BNSOL for other things (like exchanging them or playing in other cryptocurrency games) and you keep earning rewards.

Whichever option you choose, keep in mind that the coins are volatile, so read the fine print.$SOL #SwingTradingStrategy