In order to provide investors with a 3% daily percentage income, Binance is launching a brand-new cryptocurrency investment called Binance Smart Chain.
The three percent daily proportion, according to the investment firm, was only accessible to clients who participated in its presale.
BSC Stake was a staking programme based on Binance Smart Chain and audited by Coinratecap, according to a statement made by the company. The business added that there were 500,000,000 tokens in total supply.
The statement noted that users who joined the presale would get whitelisted to earn the daily profit for a duration of eight months. It explained that whitelisted users can automatically withdraw daily in Binance USD- a digital asset compliant with the strict regulatory standards of the New York State Department of Financial Services.
The statement added that user-staked tokens would not be affected by inflation unless unstaked.
A statement also stated that the firm aimed to increase the income of investors through staking, and it reads thus.
Scammers Steal $100 Million From Binance
‘All staked tokens are used on our liquidity pool and also provided to borrowers. BSCS will launch an aggregated liquidity dex that will allow users to swap tokens at a very low-cost fee through the use of Ox technology.
“We pay rewards from fees paid by the borrowers when your token is staked and the fees generated from liquidity dex. 75 per cent goes to stakers, 25 per cent goes to maintenance.”
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