This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is pleased to announce two promotions for IOST Simple Earn Flexible Product! During the Promotion Period, users who subscribe to the IOST Simple Earn Flexible Product are eligible to enjoy 20% Bonus Tiered APR on top of Real-Time APR rewards. Users who subscribe during the Promotion Period can also win up to 20,000 IOST in token vouchers.
Promotion Period: 2024-12-18 00:00 (UTC) to 2025-01-17 23:59 (UTC)
Promotion A: Enjoy 20% Bonus Tiered APR Rewards with IOST Flexible Products
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Rewards Distribution:
Bonus Tiered APR: Distributed to users’ Spot Wallets on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).
Real-Time APR: Accrued and directly accumulated in users’ Earn Wallets every minute.
Offered Products
Promotion B: Subscribe to IOST Flexible Products to Win Up To 20,000 IOST Rewards
All users who confirm their participation and reach a net IOST Flexible Products subscription amount of at least 2,000 IOST during the Promotion Period, will be ranked by their net IOST Flexible Products Subscription Amount during the Promotion Period.
The top 500 eligible participants will qualify to receive IOST token voucher rewards, as per the rewards structure below.
Net IOST Flexible Products Subscription Amount = Total Amount of IOST Subscribed to Simple Earn Flexible Products - Amount of IOST Redeemed from Simple Earn Flexible Products
Rewards Structure:
How to Get Started with the IOST Flexible Product:
Users can buy IOST on the Buy Crypto page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit IOST to their Binance account.
Head to [Simple Earn], and search for IOST.
Select FLEXIBLE, and subscribe to IOST Simple Earn Flexible Product to start earning rewards!
Terms & Conditions:
Changes to the Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Simple Earn.
Rewards:
Promotion A:
Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC). Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Wallet.
All users who hold open positions for IOST Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the Promotion ends, users will be entitled to Real-Time APR rewards only.
Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.
Promotion B:
Token voucher rewards will be distributed within three weeks after the end of the Promotion. Users may claim their voucher rewards via Profile > Rewards Hub.
All token voucher rewards will expire within 30 days after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.
The assets you deposit in Simple Earn may be loaned to other Binance users (e.g., Margin and Crypto Loan products).
A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.
Users can view their Flexible Product assets by going to Wallets > Earn > Simple Earn.
Redemption time for Flexible Products subscriptions: Instant.
Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.
Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional Promotion terms and conditions can be accessed here.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-18
