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logoBinance Staked SOLBNSOL Price#73
$154.54
Created with Pixso.2.72%
DescriptionBinance Staked SOL, represented by the symbol BNSOL, is a liquid staking derivative token offered by the centralized exchange Binance. It provides users with the ability to participate in Solana network staking while retaining the liquidity of their staked assets. Traditionally, staking native Solana (SOL) involves locking up tokens for a period, which can restrict flexibility and prevent users from accessing their funds during market fluctuations or when new investment opportunities arise. BNSOL addresses this challenge by tokenizing the staked SOL, allowing users to receive a BNSOL token in return for their staked SOL. This BNSOL token can then be freely traded, used in decentralized finance protocols, or redeemed for the underlying staked SOL and accrued rewards at a later time. The primary advantage of holding BNSOL is the combination of earning staking rewards and maintaining asset liquidity. Users can effectively earn passive income from their SOL holdings without the typical lock-up periods associated with direct staking. Binance manages the complexities of staking on behalf of its users, including selecting reliable validators, managing reward distributions, and handling potential slashing risks, thereby simplifying the staking process for a broader audience. While BNSOL offers significant convenience and flexibility, it is important to note that it is a product of a centralized exchange, meaning users rely on Binance's custody and operational security. As a liquid staking token, BNSOL contributes to the overall flexibility and capital efficiency within the Solana ecosystem, enabling more diverse financial strategies for SOL holders who wish to earn staking yield while ensuring their assets remain readily accessible and usable across the crypto landscape.
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fireTokenomics
boltBlockchain Info
miningMining Info
githubGitHub Info
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Detailed Analytics

fireTokenomics
Total Supply7,159,388 BNSOL
Max Supply0 BNSOL
Circulating Supply7,159,388 BNSOL
PremineNo records found
Addresses Richer ThanNo records found
Top 100 RichestNo records found
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boltBlockchain Info
Mainnet / TestnetNo records found
Blocks CountNo records found
Blockchain SizeNo records found
Hardfork / SoftforkNo records found

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miningMining Info
Consensus MechanismNo records found
Masternodes SupportNo records found
Mining HardwareNo records found
Block TimeNo records found
Block RewardNo records found
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githubGitHub Info
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