This is a general advertisement and marketing communication. The products and services mentioned herein may not be available in your region.
Hello Binancians,
Binance Simple Earn has launched two promotions for Simple Earn USDC Locked and Flexible Products! During the promotion period, users who sign up for the mentioned products will be eligible to enjoy promotional rates of up to 15% APR.
Promotion period: from 12/01/2024 at 21:00 (BRT) until 12/15/2024 at 20:59 (BRT)
Promotion A: Enjoy promotional rewards of up to 15% APR with USDC Flexible Products
New and existing users are eligible for promotion A.
Registration Format: Complete the registration on a first-come, first-served basis according to the terms below.
Reward Distribution:
APR Bonus by Tier: distributed daily to users’ Spot Wallets. The first reward will be distributed the day after the accumulation begins (two days after enrollment).
Real-Time APR: Accumulated directly into users' Earn Wallets every minute.
Products Offered
Promotion B: Exclusive for New Earn Users - Enjoy 15% Fixed APR Rewards with USDC Locked Products
Only new users who have never signed up for Simple Earn Locked Products before 12/1/2024 9:00 PM (UTC) are eligible for promotion B.
Registration Format: Complete the registration on a first-come, first-served basis according to the terms below.
Reward distribution: Rewards are distributed daily to users' Spot Wallets. The first reward will be distributed the day after the accumulation begins (two days after registration).
Products Offered
How to get started with USDC Locked and Flexible Products:
Users can purchase USDC on the Buy Crypto page, which accepts payment methods including Visa and Mastercard, Apple Pay, Google Pay, and wallet balances. Users can also deposit USDC into their Binance account.
Go to [Simple Earn] and search for USDC.
Select FLEXIBLE or 5 days and sign up for Simple Earn’s USDC Flexible Products or USDC Locked Products to start earning rewards!
Terms and 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 and Conditions and Risk Warning for more information before using Simple Earn.
Binance Simple Earn will redeem the digital assets/currencies locked in the subscriptions of USDC Locked Products to Simple Earn USDC Flexible Products at the end of the agreed subscription period.
Rewards:
Promotion A:
Tier Bonus APR is offered as an additional reward on top of Real-Time APR. After enrolling, Tier Bonus APR rewards will begin accruing the following day starting at 00:00 UTC (i.e. 00:00 UTC on the same day of enrollment). Rewards will begin to be distributed the following day after they begin accruing, between 00:00 UTC and 05:00 UTC to the user’s Spot Wallet.
All users who have open positions for USDC Flexible Products will receive Real-Time APR and Tier Bonus APR rewards during the promotion period. Once the Promotion ends, users will only be entitled to Real-Time APR rewards.
Bonus APR rewards per tier are calculated based on subscribed amounts and are subject to the respective tier cap for each token. Please see the FAQ for more details.
Promotion B:
Reward calculation period: from 00:00 (UTC) on the day following the completion of your Locked Products registration, until the end of the registration period.
Reward distribution: Rewards are distributed daily to users' Spot Wallets. The first reward will be distributed the day after the accumulation begins (two days after registration).
The assets you deposit into Simple Earn can be lent to other Binance users (e.g. Margin and Crypto Lending products).
A large number of redemption requests may temporarily delay redemption. Redemptions may resume once liquidity returns.
Users can view their assets across Flexible and Locked Products by going to Wallet > Earn > Simple Earn.
Redemption time for Flexible Product subscriptions: instant; Unlock period for Locked Products: one day.
Early Redemption: Users can redeem Simple Earn Locked Products early, but all rewards received will be forfeited. The total balance of locked assets, minus rewards distributed during the period, will be returned to users’ Spot Wallet within 72 hours. However, in the event of exceptional circumstances, the return of such assets may be delayed further. Please refer to our terms and risk warning for more details.
Binance reserves the right to disqualify any participant who tampers with the Binance program code or interferes with the operation of the Binance program code with other software.
Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or in breach of 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 the original English content and any translated versions. Please refer to the original English version for the most accurate information should any discrepancies arise.
Thank you for your support!
Binance Team
02/12/2024
Disclaimer: USDC is an electronic money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). The USDC whitepaper is available here. You can contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
USDC holders have a legal claim against Circle SAS as the issuer of USDC in the EU. These holders have the right to request redemption of their USDC from Circle SAS. This redemption will be made at any time and at nominal value.
