![]() "We are extremely excited to welcome Binance.US as a new member of the Proof of Stake Alliance" said Evan Weiss, founder of POSA. In working hand-in-hand with federal regulators and POSA, Binance.US hopes to continue to highlight the importance of using staking as a mechanism to ensure the security of various blockchains and promote sound governance of the networks. The Binance.US team will also be involved as POSA deepens its engagements with other key regulators including the IRS. The New York-based industry group, known as POSA, advocates worldwide for the appropriate treatment under the law of proof-of-stake–based technologies.īinance.US membership announcement comes a week after POSA released it’s Industry Driven Solutions which are a set of principles developed by POSA to ensure staking providers are seen as security and infrastructure providers rather than financial product providers.īinance.US’ General Counsel Christopher Robbins was consulted on the drafting of the Industry Driven Solutions and helped provide guidance in the group's engagements with the SEC. The primary mission of the Proof-of-Stake Alliance is to educate regulators and lawmakers about the benefits of proof of stake - a consensus mechanism that is more efficient, decentralized, and environmentally friendly than proof of work.īinance.US has joined the Proof-of-Stake Alliance (“POSA”) and signed on to support the recently released Industry Driven Solutions created by POSA. For more information, please see the Staking Services section of our Terms of Use. Please refer to our Terms of Use for more information.ĭisclaimer: Staking Rewards are not guaranteed and are subject to change at any time and in the sole absolute discretion of Binance.US. US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. ![]() The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. Crypto Staking: Definition, Benefits, and Tips (Blog)ĭownload the Binance.US app to trade on the go: iOS | Androidįollow us to stay up to date with Binance.US news and announcements:.How to Stake, Unstake & Manage Rewards on Binance.US (Staking).How do I stake Threshold Network Token (T) on Binance.US?įollow our step-by-step guide on How to Stake, Unstake & Manage Rewards on Binance.US. We are continually working to expand the list of supported staking assets while delivering high APYs on all our supported staking assets. For the latest staking APYs, please refer to the Binance.US Staking homepage. Which cryptocurrencies are supported?īinance.US currently supports staking for the following cryptocurrencies. T is the Threshold Network token and is used for utility and governance purposes in the ecosystem. The Threshold Network can be used to enable use cases such as private data sharing between blockchains. Threshold cryptography protects information by encrypting and distributing it among multiple computers and requiring a minimum number or threshold of computers to cooperate in order to decrypt the information or sign a message. Together, Keep Network and NuCypher sought to integrate their services under the Threshold Network. It launched in January 2022 through a merger of Keep Network - which provides an off-chain solution for storing private data - and NuCypher - which provides privacy tools for secrets management and dynamic access control. The Threshold Network is an ecosystem that offers a suite of threshold cryptography services for use in decentralized applications. Advanced Trading is available on the T/USD and T/USDT pairs. Get paid weekly when you stake T and unstake anytime to access your funds in an instant - with no unstaking period.īinance.US customers can now buy, sell, convert, or stake T in minutes on the best crypto platform for low fees. Customers can now stake Threshold Network Token (T) and earn up to 8% APY at launch.
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