This is a general announcement and marketing message. The products and services mentioned here may not be available in your region.
Dear members of the Binance community!
The Binance Simple Earn platform launched two promotions for perpetual and fixed USDC products! During the promotional period, users who subscribe to the above products will be able to receive a promotional annual percentage rate (APR) of up to 15%.
Promotion period: from 02.12.2024, 02:00 (Kyiv time) to 12.16.2024, 01:59 (Kyiv time)
Promotion A. Get a promotional APR of up to 15% with USDC Perpetual Products
Both new and existing users can take part in promotion A.
Subscription format: On a rolling basis, subject to the terms below.
Distribution of rewards:
Bonus Tiered APR: Will be distributed to users' spot wallets on a daily basis. The first reward will be given the day after the start of accrual (two days after subscription).
Real-time APR: Accumulates every minute in users' Earn wallet.
Available products
Promotion B. New User Exclusive - Get 15% Fixed APR on USDC Fixed Products
Only new users who have never subscribed to fixed Simple Earn products before 02.12.2024, 02:00 (Kyiv time) can take part in promotion B.
Subscription format: On a rolling basis, subject to the terms below.
Reward Distribution: Rewards will be distributed to users' spot wallets on a daily basis. The first reward will be given the day after the start of accrual (two days after subscription).
Available products
How to get started with USDC Perpetual and Fixed Products:
Users can buy USDC on the Buy Cryptocurrencies page, which supports various payment methods, including Visa and Mastercard, Apple Pay, Google Pay, and wallets. Users can also make a USDC deposit to their Binance account.
Go to [Simple Earn] and search for USDC.
Choose a perpetual or 5-day product and sign up for Simple Earn's USDC Perpetual Products or Simple Earn's USDC Fixed Products to start earning rewards!
Terms and Conditions:
Changes to the Simple Earn reward rate will be posted on the Platform from time to time. For more information before using Simple Earn, please read Binance Simple Earn Terms and Conditions and Risk Warning.
Binance Simple Earn will redeem the digital assets/digital currencies locked in Simple Earn USDC Fixed Products and transfer them to Simple Earn USDC Perpetual Products at the end of the agreed subscription period.
Rewards:
Promotion A:
The Bonus Tiered APR is offered as an additional reward to the Real Time APR. Once signed up, tiered APR bonus rewards start accruing the next day starting at 00:00 UTC. Rewards will start to be distributed the next day after accrual starts between 00:00 UTC and 08:00 UTC to the user's spot wallet.
All users who hold open positions in USDC Perpetual Products will receive both real-time APR rewards and bonus tiered APRs during the promotional period. After the promotion ends, users will only be eligible for real-time APR rewards.
Bonus tiered APR is calculated based on subscription amounts and depends on the respective tier cap for each token. See this guide for more details.
Promotion B:
Reward calculation period: from 03:00 (Kyiv time) the next day after subscription to fixed products until the end of the subscription period.
Distribution of rewards: distributed to the spot wallet daily. The first reward will be given the day after the start of accrual (two days after subscription).
Assets deposited in Simple Earn products can be loaned to other Binance users (for example, in margin products and crypto loan products).
Due to the large number of redemption requests, it may be temporarily delayed. Redemption can be resumed after the return of liquidity.
User can view their assets in Perpetual Products by selecting Wallet > Earn > Simple Earn.
Redemption period for subscriptions to unlimited products: instantly; unlock period for fixed products: one day.
Early Redemption: Users may redeem blocked Simple Earn products early, but all rewards received will be forfeited. The full balance of locked assets, minus rewards distributed during the validity period, will be returned to users' spot wallets within 72 hours. However, in exceptional circumstances, the return of such assets may be delayed. More information is provided in our terms and conditions and in the risk warning.
Binance reserves the right to disqualify participants who tamper with Binance code or interfere with Binance code with other software.
Binance reserves the right to disqualify members who, in Binance's opinion, are acting fraudulently or not complying with the applicable terms of use.
Binance reserves the right to cancel or change the promotion or promotion rules at its sole discretion.
Additional terms of the promotion can be viewed here.
There may be differences between this original English content and the translated versions. See the original English version for the most accurate information in case of discrepancies.
Thank you for your support!
Team Binance
02.12.2024
Disclaimer. USDC is an electronic money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). The USDC Whitepaper can be found here. You can contact Circle using the following contact details: +33(1)59000130 and EEA-Customer-Support@circle.com.
USDC holders have the right to bring legal action against Circle SAS as the issuer of USDCs in the EU. These holders are eligible to redeem their USDCs from Circle SAS. Such a redemption can be made at any time and at a nominal value.
