Thread by @intel_jakal

@BinanceUS

How about you provide an example of someone that has earned 16% on their coins in #coldstorage

and only from cold storage. right? because that's the only way you do it right?

You wouldn't provide a misleading answer to that question would you?

you wouldn't be shilling any BS just for onboarding new victims?

That would be wrong?

Or maybe I'm just reading some other @BinanceUS Terms of Services.

As the TOS I'm reading while it does state customer retains ownership and won't on-lend.
They cede control to #binance...including how its stored at binance sole discretion....may be used in aggregate with other customers for Staking.

Better than that....#binance might if they want to delegate the staking to a 3rd party. Whoever that might be its non of the customers business.

You MIGHT earn a reward.....its not guaranteed and I'm betting its entirely improbable that you will earn 16%.

.

You as the customer should just be happy that #binance will determine how much you earn when ever and however they want to (and can change their mind whenever they want to).

Note: The rewards may be MORE or LESS than the actual staking rewards (at BAM's sole discretion of course).

So again could you please show a specific example of a customer earning 16% from cold storage.

And breakdown what percentage of that 16% was from the actual staking rewards less costs.

If its ever actually been paid I bet the actual staking income is far less than 50% of the 16%

unroll @threadreaderapp