According to a recent announcement by Binance, the cryptocurrency exchange is set to introduce Binance Staked SOL (BNSOL) on October 10, 2024, at 08:00 (UTC). This strategic launch is positioned to enhance investor engagement through a promotional offering that allows both new and existing BNSOL holders to earn up to 10% Annual Percentage Rate (APR). Following the launch, the BNSOL/SOL trading pair will become available, enabling more fluid trading options for users.
The promotion is expected to last approximately 8-10 days, commencing on October 16, 2024 (UTC). This initiative underscores Binance’s commitment to expanding its staking services and providing competitive returns to its user base, while also positioning BNSOL as a viable asset in the broader cryptocurrency market. Investors are encouraged to consider the potential benefits of participating in this limited-time offer.