Wednesday, August 10, 2022
Home Crypto News Exchanges Binance Launches New Staking Program For Shiba Inu (SHIB) And Other Cryptocurrencies

Binance Launches New Staking Program For Shiba Inu (SHIB) And Other Cryptocurrencies

- Advertisement -

The world’s largest cryptocurrency exchange, Binance, has launched a new staking initiative with high ROI for Shiba Inu (SHIB) and other digital currencies. 

According to a blog post by the trading platform, the staking initiative dubbed High-Yield Center will allow SHIB holders to stake the cryptocurrency in order to earn up to 104.62% APY. 

Shiba Inu Requirement

The staking exercise will officially commence today at 02:00 AM (UTC) and will be on a first-come, first-served basis, Binance added.  

Notably, the staking duration for Shiba Inu cryptocurrency will span for 10 days, as interested participants will be required to stake a minimum of 200 SHIBs and a maximum of 7 million Shiba Inu tokens.

Binance added that interest payout time will be added on a daily basis, which is expected to start at 00:00 AM (UTC) on the day the locked stake is confirmed until the next 10 days. 


Requirements for Other Cryptos

The world’s largest exchange also introduced the initiative for other cryptocurrencies like Solana (SOL), Axie Infinity (AXS), Polygon (MATIC), VeChain (VET), Cadano (ADA), Near (NEAR), LUNA, Avalanche (AVAX), PancakeSwap (CAKE), and Terra (LUNA). 

While SOL has the lowest annualized standard interest rate of 7.32% in the Binance High-Yield Center stake, AXS has a ROI of 104.62%. 


- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brown
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Midas Releases 3 CeDeFi Investment Strategies, Creates New Opportunities In The Bear Market

On August 10, 2022, Midas.Investments, a custodial CeDeFi platform, released three new investment strategies. The platform merges diverse approaches to digital asset management into...

Hotbit Shuts Down Trading, Deposit, and Withdrawal Services Indefinitely

  Leading cryptocurrency exchange Hotbit has announced that it will be suspending some of its important services indefinitely.  ...

US SEC and CFTC Require Hedge Funds To Disclose Their Bitcoin and Crypto Holdings

Regulators may want hedge funds to report crypto exposure. window.coinzilla_display = window.coinzilla_display || ; ...

Report: $540 Million Laundered by Crypto Criminals Through RenBridge

  A new report shows that over half a billion dollars were laundered by crypto criminals through a service called RenBridge. According to a recent study...

Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale

London, UK, 10th August, 2022, ChainwireTamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The...

Vitalik Buterin, Justin Sun, Binance, FTX Join 440 Addresses Receiving 0.1 Ethereum From Sanctioned Tornado Cash

  Binance and FTX Join the 440 Addresses That Received 0.1 ETH From Sanctioned Tornado Cash. window.coinzilla_display =...

Nigerians Can Now Pay Their Utility Bills With Bitcoin

  Cryptocurrency is now accepted for utility payments in Nigeria. window.coinzilla_display = window.coinzilla_display || ; ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.