Binance, one of the world’s largest and most recognized cryptocurrency exchanges, has taken another step in its commitment to offering users opportunities to maximize their investments in crypto assets. This time, their announcement focuses on the cryptocurrency Floki Inu (FLOKI), which has gained significant popularity in the market recently.
Binance Simple Earn, one of the investment options on the platform, has started offering staking services for FLOKI. This move presents FLOKI holders with the opportunity to increase their returns through an annualized interest rate (APR) that can go up to 35.9%.
Based on strong demand, #Binance has launched staking for $FLOKI in their Simple Earn program.
You can now earn boosted APR of up to 35.9% by staking your #Floki tokens with Binance.#Floki is proud to work with @Binance, the world's biggest, most trusted, and most recognized… https://t.co/FPRMec9wd1
— FLOKI (@RealFlokiInu) November 2, 2023
In other words, those who stake their FLOKI in this investment mode can earn additional benefits for their participation in the network.
This offer is known as “FLOKI Locked Products” and will be available during a specific promotional period, running from November 2, 2023, at 10:00 UTC to December 2, 2023, at 9:59 UTC.
During this time, those interested can take advantage of this opportunity to enhance their returns and diversify their investment strategies.
The team behind Floki Inu responded to Binance’s announcement with great enthusiasm and satisfaction. They expressed immense pride in collaborating with a brand like Binance.
Binance’s Announcement Boosts Floki
Undoubtedly, this partnership can provide greater opportunities and visibility for FLOKI in the market. In terms of price, FLOKI was trading at $0.00003235 at the time of the announcement and had experienced a 3.6% increase in the last 24 hours.
According to Coinmarketcap, FLOKI’s market capitalization amounts to $291,825,944, while the 24-hour trading volume reached approximately $64,516,102, reflecting a 26.4% increase.
Binance’s announcement and the staking opportunity have increased demand and interest in FLOKI, leading to a rise in its value, despite the known volatility of memecoins
With this new investment option, Binance demonstrates its commitment to leading the way by providing users with a wide range of services and investment choices.
