The moment everyone has been waiting has finally arrived. BNB can be staked! The biggest crypto exchange platform has today announced the launch of BNB staking with up to 27.49% APY. BNB staking will be at 12:00 PM (UTC time) on today (09-03-2021) under locked staking format. This means one can stake their BNBs for a defined period of 15, 30, 60 or 90 days (See table below) can enjoy the benefits by redeeming. However, early redemption will incur a penalty which is loosing the interest made on your principal investment.
At the time of writing this article, BNB was trading at 257.3 USD, a growth of about 11% in the past 24hours. Binance coin currently occupies rank #3 on the CoinMarketCap with a market cap of $40,537,989,689 and a circulating supply of 154,532,785 BNB which represents about 91% of the total supply of 170,532,785 BNB.
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