This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Simple Earn is pleased to launch two promotions for Self Chain (SLF) Simple Earn Flexible Products and Locked Products! During the Promotion Period, users who subscribe to SLF Simple Earn Products may enjoy an exclusive 5% Bonus Tiered APR on SLF Flexible Products and up to 18.9% APR rewards on SLF Locked Products. In addition, the first 400 eligible users will receive 50 SLF in rewards!

Promotion Period: 2024-09-17 00:00 (UTC) to 2024-12-15 23:59 (UTC)

Promotion A: Enjoy Up to 18.9% APR Rewards with SLF Simple Earn 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.

    • Real-Time APR: Accrued and directly accumulated in users’ Earn Wallets every minute.

    • Locked Product APR: Distributed to users’ Spot Wallets on a daily basis.

Offered Products (Flexible and Locked Products)

Digital Asset

Duration

APR During the Promotion Period

Min. Subscription Limit per User

Max. Subscription Limit per User

SLF

Flexible

Real Time APR 

+ 

5% Bonus-Tiered APR 

(0.1 - 500 SLF)

0.1 SLF

420,000 SLF

90 days

18.9%

0.1 SLF

5,000 SLF

Promotion B: Subscribe to SLF Simple Earn Products to Get 50 SLF in Rewards

During the Promotion Period, all eligible users who subscribe to SLF 90-day Locked Products with at least 30 SLF will be ranked based on the subscription timing. The first 400 users will be eligible to each receive a 50 SLF token voucher reward!

Ranked by Subscription Time to SLF 90-Day Locked Products 

Reward per Eligible User (in SLF Token Voucher)

1st - 400th Places

50 SLF

How to Get Started with SLF Flexible and Locked Products:

  1. Buy SLF on the ‘Spot Market’, or via the 'Buy Crypto' page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit SLF to their Binance account. 

  2. Head to [Simple Earn], and search for SLF. 

  3. Select FLEXIBLE or 90-Day, and subscribe to SLF Flexible Products or SLF Locked Products to start earning rewards!

Subscribe Now!

Terms & Conditions:

  • Flexible Products:

    • 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 SLF 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.

  • Locked Products:

    • Binance reserves the right to adjust APRs at any time after the Promotion Period without prior notice.

    • Reward Calculation Period: From 00:00 (UTC) on the day after you subscribe to Locked Products, until the end of the subscription period.

    • Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period.

  • Token Voucher Rewards:

    • SLF 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.

  • Users can view their assets on Simple Earn Locked Products and Flexible Products by going to Wallets > Earn.

  • Redemption time for Flexible Products subscriptions: Instant. 

  • Unlock period for Locked Products: One day. 

  • About early redemption for Simple Earn Locked Products: Users may redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards (accrued or otherwise). Any distributed rewards will be deducted from the refunded principal. It will take no longer than 72 hours after the end of the Locked Simple Earn Term to receive the digital assets back into users’ spot accounts. 

  • 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 in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-09-16