Thank you Binance Square for allowing me to meet so many like-minded friends! Also, thanks to this platform for its consistent dedication to building a community that gathers the most innovative crypto players from around the world!🙏 🚀 We are at a new high point in crypto history: #Total Crypto Market Cap Hits All-Time High 🎁 Comment to receive a red envelope 🧧🧧🧧 Don't miss out~ Let's witness the next hundredfold opportunity together; the future of the crypto world is created by us! Keep it up, friends, see you at Binance Square!
I estimate that most people, like me, manage their Binance assets by just enabling automatic investment for financial products, and every time I want to trade something, I have to manually withdraw, which is very cumbersome. Now the Binance app has a new feature: Earn Interest on Holdings. I tried it out, and it's pretty good! @Binance Labs
/Note: The prerequisite for earning interest on holdings is that you need to activate it yourself; it is turned off by default!
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First, let me explain automatic investment and earning interest on holdings:
Benefits of earning interest on holdings: Tokens will not be locked, and you can trade, withdraw, or use them anytime through your spot account, thus maintaining the flexibility of funds and trading capabilities while earning staking rewards. (Currently only applicable to certain designated tokens)
Automatic investment: It will automatically invest the available tokens in your spot account into capital-preserving earning products, and then you still need to manually redeem them when you want to use them!
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Activation process: (As shown in the picture, I have activated automatic!)
1. Open the Binance APP → "Finance" → "Capital Preserving Earning" → "Earn Interest on Holdings" Note: On the finance page, click the "∨" expansion button to see earn interest on holdings, or you can click the nine dots in the upper right corner of the capital-preserving earning page to find earn interest on holdings.
2. Select the currency, confirm the amount, and you're done! (You can also directly activate automatic)
Earnings calculation method (floating APR/day) A snapshot of your holdings quantity starts at 8 AM daily (UTC+8) and is averaged based on the annualized return rate (APR). Earnings will be credited to your spot account the next day. Earnings = Daily Holdings × Annualized Return Rate / 365
I used it and felt great; I no longer need to think about redeeming in finance when I want to trade or operate, I can trade anytime and still earn rewards! It strengthens both earnings and flexible use!
------------------- It is important to note that BNB assets participating in earning interest on holdings do not count towards Launchpool, HODLer airdrops, and Megadrop activities! -------------------
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Finally, after learning this, you can also go to the Binance Square Creator Task Board to take tasks - share this guide (there are 50,000 NXPC waiting for you to share)
@币安Binance华语 @cz_binance #SoftStaking
Lastly, here's a red envelope 🧧: Answer softstaking
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#币安Alpha上新 As long as I sell it, it will definitely fly. What I hold onto will flow away in torrents, it's too difficult to play 😭 'Sold and flew away'
SoftStaking is a staking method provided by Binance that allows you to earn coins automatically without locking your assets.
SoftStaking is suitable for users who hold coins long-term but are not comfortable with cold wallets and do not conduct on-chain transactions. Storing tokens in the primary exchange is also very secure.
Financial entrance: Home - More - Earn on Holdings - Activate.
After the first activation, simply place your tokens in the spot wallet to start earning.
It's very simple and convenient to earn on idle assets without affecting your daily trading activities.
The currently supported tokens are: SOL ADA POL BNB SUI S NEAR TON ALGO AXS.
All of these can be purchased on the Binance spot market and are all mainstream during the last bull market!
Made money today!!! Sending out a 1888U red envelope 🧧— big thanks to Binance and all of you! Made money today!!! Sending out a 1888U red envelope 🧧— big thanks to Binance and all of you!
1. Bitcoin continues to consolidate, showing slight expansion characteristics, performing quite strongly, with minimal pullback, earning the title of 'highly resilient' pie! Many funds are still waiting for the right opportunity to enter. 2. Ethereum has experienced a significant adjustment, with lows approaching 3500. There are rumors in the market about Sun Ge unloading, but it is still uncertain whether it will have a sustained impact on the market. Fortunately, the current volatility remains within an acceptable range. 3. Block, a company holding a large amount of Bitcoin, has officially been included in the S&P 500 index today. 4. Trump has stated that he will impose a unified tariff of 15% to 50% on most countries; meanwhile, Goldman Sachs believes that even if a trade agreement is reached, the dollar may still face pressure. 5. FTX announced that it will initiate the next round of debt distribution on September 30, during which $1.9 billion of disputed reserve funds will be released. 6. JPMorgan pointed out that the prediction of the stablecoin market reaching $2 trillion is overly optimistic, as there is still significant room for improvement in the infrastructure of this sector.