Monday, April 12, 2021

Binance Announces Its Move to Add EOS to Customizable Locked Savings

Binance, the largest cryptocurrency exchange by trading volume has recently announced its move to add EOS to the Customizable Locked Savings product.

The exchange announced this via its official website and Twitter handle a few minutes ago. According to the report, the addition of EOS will be effected on 13th April 2020 at 12:00 AM (UTC), where 7-day and 30-day products will be made available by the exchange.

“Binance Adds EOS to Customizable Locked Savings. 7 day term @ 6% APR. 30-day term @ 8 % APR,” Binance shared

Note:

  1. Amounts subscribed to Binance Savings products will not be able to receive the corresponding staking rewards.
  2. Subscriptions will close on a certain product once the maximum limit is reached.
  3. Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.

Block.one Plans to Start Actively Voting for EOS Block Producers

According to a report, Block.one is planning to start actively voting for EOS block producers sometimes next month. It stated that, having watched EOS develop over the past two years, it thinks the time is ripe to start actively contributing to the network.

Referring to block producers and potential block producers, the post said, “Hundreds of BPs and SBPs have contributed a tremendous amount of code, knowledge, and leadership.

“Initially, in the coming weeks, we plan to use our voting stake to begin highlighting and voting for many of these candidates, potentially even in rotation, to showcase these organizations’ achievements, values, and network contributions.”

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles