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)
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.
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!
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.
Head to [Simple Earn], and search for SLF.
Select FLEXIBLE or 90-Day, and subscribe to SLF Flexible Products or SLF Locked Products to start earning rewards!
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.
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 may also view the FAQs on Simple Earn Locked Products and Simple Earn Flexible Products for more information.
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
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
