The world's largest exchange for trading volumes traded on its platform, Binance, has launched a new service which is called Lending Binance. It is a mechanism that offers customers the opportunity to make a loan, so it will be possible to increase token balance independently of market trends.
Through a tweet, Chanpeng Zhao, CEO of Binance, indeed the whole was intrigued cryptocurrency community ie: Would you like to earn in cryptocurrencies while you sleep?
His tweet was definitely meant to stimulate interest in Binance Lending which will be available again from the 28 August of the 2019 to the 12: 00. According to the first come-first served principle, the first customers who decide to enter this project and subscribe to Binance Lending will have the opportunity to be among the first to get accrued interest.
Binance Lending allows users of the exchange of the same name therefore, an innovative way to be able to generate new profits. Beyond trading, IEO or better initial exchange offering and with the recent introduction of margin trading on the Binance platform will be there the possibility of increasing the balance of your wallet making available their own BNB, ETC or USDT tokens and accumulating interest as a result over time.
La new Binance Lending platform it is very simple as well as intuitive to use, simply subscribe to a subscription that allows you to lend the cryptocurrencies and consequently earn interest in an easy and fast way.
As CZ stated, CEO of Binance, the interest rate for all these assets is guaranteed, so the balance will see steady growth regardless of how the market is going.
Binance Lending also guarantees an annual growth rate that is set at 15% for an initial period that will be equal to 14 days. Once registered on the platform there will be a maximum limit for the loan of the two cryptocurrencies which is set at 1000 BNB and maximum 100.000 thousand USDT. Users will of course be able to choose the amount of tokens they wish to make available when they sign up for a new subscription. At the end of the period, the funds loaned they will come back with interest.
