Binance is not just a platform for buying and selling cryptocurrencies; it also offers various tools for users to generate passive or free income with their assets, often without the need for active trading. Here we present 3 popular ways:
1. Binance Earn: Flexible Savings and Staking
Binance Earn is the main center for passive income on the platform, similar to a savings account at a traditional bank, but with cryptocurrencies.
Flexible Savings: Allow you to deposit your cryptocurrencies (such as $USDT, $BNB, or $BTC) and earn daily interest. The "flexible" part is that you can withdraw your funds at any time without penalties, making it ideal for your assets that you have in hodl (holding long-term).
Locked Staking: With this product, you lock a cryptocurrency that uses the Proof-of-Stake mechanism for a defined period (e.g., 30, 60, or 90 days). In return, you receive higher staking rewards. It is an excellent way to support the network and be rewarded, especially with cryptos like $SOL, $ADA, or $DOT.
2. Binance Launchpool
Launchpool allows users to obtain new tokens from projects for free by locking (staking) their existing cryptocurrencies, usually $BNB or $FDUSD.
When a new project is launched on Binance, a portion of its tokens is allocated to the Launchpool.
You lock your $BNB (or the required staking coin) for a period.
As a reward, you receive a portion of the new token daily, calculated based on the amount you have locked.
Once the event is over, your locked cryptocurrencies are fully returned to you, and the new tokens you have earned are transferred to your wallet. It is essentially free money just for holding $BNB in the Launchpool.
3. Referral Program and Task Rewards
Although it is not direct passive income with your assets, the referral system is a way to earn money for free:
Referral Program: By sharing your Binance referral link with friends or acquaintances, you can earn a commission on the trading fees they generate. If you refer many active people, this can be a steady source of income with no initial cost.
Task/Reward Center: Binance frequently offers a "Reward Center" where you can complete simple tasks (like depositing a minimum amount, completing a first trade, or participating in quizzes) to receive small amounts of free cryptocurrencies or commission refund coupons.
🎁 Cryptocurrency in Airdrop or Recent Distribution on Binance
In the context of Binance, "airdrops" are often handled through the aforementioned Launchpools or through distributions to $BNB holders who keep their funds in Binance Simple Earn (as mentioned in the Hot Odler Airdrop in a past distribution).
While the availability of "standard" airdrops is constantly changing, at this moment a cryptocurrency that has had a recent distribution or free acquisition event on the platform, where users who locked $BNB or $FDUSD were able to obtain it, is $AI.
Cryptocurrency: $AI (Sleepless AI)
Event type: It was distributed through Binance's Launchpool, allowing users to obtain it by staking $BNB and $FDUSD.
