Binance.US Announces ETH Pledge Reward Withdrawal and Release Dates
According to reports, Binance. US tweeted that the Binance. US platform ETH pledge reward will be available for withdrawal at 9:00 am Eastern Time on April 29 (21:00 Beijing Time o
According to reports, Binance. US tweeted that the Binance. US platform ETH pledge reward will be available for withdrawal at 9:00 am Eastern Time on April 29 (21:00 Beijing Time on April 29), and ETH pledge release will be available in mid May 2023.
Binance. US: ETH pledge rewards will be available for withdrawal on April 29th
Binance.US, one of the leading cryptocurrency exchanges in the United States, has recently announced the date for the withdrawal and release of ETH pledge rewards. In a tweet posted on their official account, Binance.US announced that the ETH pledge reward will be available for withdrawal on April 29, 2023, at 9:00 am Eastern Time (21:00 Beijing Time). Furthermore, the ETH pledge release is slated to be available in mid-May 2023.
What is Binance.US, and Why is it Important?
Binance.US is a cryptocurrency exchange platform that allows traders to buy, sell, and trade various cryptocurrencies. It was launched in September 2019 and is operated by BAM Trading Services, which is a US-based company that is registered with the Financial Crimes Enforcement Network (FinCEN). Binance.US was created as a separate entity from Binance, the parent company based in Malta, to comply with US regulations and provide a platform tailored specifically to US traders.
Binance.US is important because it offers a robust and regulated platform for US-based traders to access the cryptocurrency markets. With its advanced trading tools, low fees, and extensive range of cryptocurrencies, Binance.US is quickly becoming a leading exchange for crypto traders in the US.
Binance.US Announces Withdrawal and Release Dates for ETH Pledge Rewards
In a recent tweet, Binance.US announced that the ETH pledge reward will be available for withdrawal on April 29, 2023, at 9:00 am Eastern Time (21:00 Beijing Time). This announcement comes after Binance.US launched the ETH 2.0 Staking Program in December 2020, which allowed users to earn rewards by staking their ETH on the platform.
The ETH pledge reward is a bonus that Binance.US gives to users who lock up their ETH in the staking program. The reward is paid out in Binance.US’s native token, BUSD, which can then be used to trade other cryptocurrencies on the platform. The ETH pledge release, on the other hand, will allow users to withdraw their ETH from the staking program, which will then be available for trading or transfer.
What is ETH 2.0, and Why Should You Stake Your ETH on Binance.US?
ETH 2.0 is the long-awaited upgrade to the Ethereum blockchain, which aims to improve scalability, security, and sustainability of the network. One of the key features of ETH 2.0 is the transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, which requires users to stake their ETH to participate in network validation and earn rewards.
Staking your ETH on Binance.US allows you to participate in network validation and earn rewards without having to run your own validator node. Binance.US takes care of all the technical aspects of staking, such as maintaining the validator node, distributing rewards, and offering insurance against slashing events.
Conclusion
Binance.US’s announcement of the ETH pledge reward withdrawal and release dates is great news for traders looking to stake their ETH on the platform. With its advanced trading tools, low fees, and extensive range of cryptocurrencies, Binance.US offers a robust and regulated platform for US-based traders to access the cryptocurrency markets. By staking your ETH on Binance.US, you can participate in network validation and earn rewards without having to run your own validator node.
FAQs
1. What is the minimum amount of ETH required to participate in the staking program on Binance.US?
– The minimum amount of ETH required to participate in the staking program on Binance.US is 0.5 ETH.
2. How often are rewards paid out for staking on Binance.US?
– Rewards are paid out every hour for staking on Binance.US.
3. Does staking on Binance.US carry any risks?
– Yes, staking on Binance.US carries the risk of slashing, which is the loss of a portion of your staked ETH due to a validator node misbehaving. However, Binance.US offers insurance against slashing events to mitigate this risk.
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