Binance is all set to launch its official Staking Platform as part of its value-added service for Binance investors. <a href="https://www.binance.com/en/support/articles/360034121332">Binance</a> staking platform will allow users to earn greater dividends on their digital assets. All that they would be required to do is to deposit their funds on the Binance platform.

The Binance Staking Platform will allow its users to increase their funds through monthly rewards and distributions, which they would receive if they deposit and hold funds on Binance. The users can earn these staking rewards without requiring to set up any nodes. Also, they need not worry about either the minimum staking amounts or time lengths. The absence of any technical requirements would make the entire process more simplified.

Speculations are rife over Binance’s updation of its staking circulation methodology on 1st October 2019. This would help in a more accurate distribution of its rewards. The user balances would be derived by taking hourly snapshots every hour so that the final snapshot can be calculated for each day. This would translate into an average of 24 snapshots every day. This would do away with the practice of taking one snapshot daily at a specific time and lead to the fairest distribution of rewards for users. As expected, this <a href="https://www.cryptoknowmics.com/">crypto news</a> has garnered much attention ever since this information came to light.

You can start earning straight away by depositing the supported coins into your Binance.com account. Some of the other coins with rewards, which Binance Staking Platform would support are as follows-

   • Hold ONT to earn ONG
   • Hold NEO to earn GAS
   • Hold VET to earn VTHO
   • Stake KMD on Binance
   • Stake ALGO on Binance
   • Stake STRAT on Binance
   • Stake XLM on Binance
   • Stake QTUM on Binance

<strong>Conclusion</strong>
While other crypto exchanges have been allowing their users to stake their crypto holdings for a substantial period, the Binance Staking Platform is still in its infancy. However, Binance already lets its users obtain interest on their crypto assets by offering loans to the people who are interested to borrow digital assets. The future, therefore, looks bright for both Binance as well as its users.

Explore the Crypto World with Binance Staking Platform

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Explore the Crypto World with Binance Staking Platform

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