In case you missed the news, Binance just added HIVE to its Earn program!
I think that this is very important, but I really want to hear your opinion about it.
I am not sure if this will bring any upside movements to Hive, but I will send some Hive over. I am also thinking of creating a tutorial and uploading it to Binance Square.
It seems that today the reaction to the announcement was not significant, but there was a small reaction upwards.
https://coinmarketcap.com/currencies/hive-blockchain/
So, what happens if a hive user keeps hive and locks it on hive?
- The user receives an appx 3% APR on their locked tokens
- But there is more. Keeping Powered Up Hive, gives the user more power in the platform, and more curation rewards when they are upvoting user posts.
What does Binance Offer?
Promotion Period: Subscriptions must take place between 2024-04-23 10:00 (UTC) and 2024-10-23 09:59 (UTC) to count as eligible subscriptions.
So, for you to receive the greatest APR of 4% (During the promotion period), you will need to lock $hive for 3 months.
The good thing is that rewards are distributed in a daily basis.
I see this as an opportunity for more people to discover, search and learn about Hive. Imagine if it does a +20% in price, it will definitely get some heads turning!
For now, I will send some Hive to Binance and lock them for 90 days!
Please note that this is no financial advise, always do your own research and please let me know if there is something else to consider with this Binance Promo!
Thanks for dropping by, I will appreciate your feedback!