We are very excited to announce that Binance has launched a high-yield $REEF Staking program with APY up to 119.79%. Staking will be live on 2022–06–01 at 12:00 PM UTC.
Following a successful integration of Reef Chain on Binance, it is a great opportunity for the community to start staking REEF on one of the most trusted and leading exchanges in the world. This integration made it possible for millions of Binance users to move their REEF tokens in and out of Binance, via Reef Chain.
In March, Reef was also the title sponsor for Binance Blockchain Week in Dubai. Reef and Binance share unmatched synergies and the launch of Reef Staking is another way to extend this alliance and make way for greater opportunities for their communities.
Binance will enable 30, 60, and 90-days locked staking periods for $REEF on a first-come, first-served basis.
All the activities, rewards, APY and timeline are well explained in this article. Make sure to read it before you participate https://www.binance.com/en/support/announcement/7bfd2dd897cf48b68eceb3e52be07917
Reef is an EVM-first blockchain, built on Parity Substrate, designed to make Web3 accessible to millions of people. With lower gas costs and very fast transactions, paired with a Nominated Proof of Stake consensus mechanism, Reef offers high scalability and affordable transactions to the NFT, metaverse, GameFi, and DeFi communities.