This is a general announcement. The products and services mentioned here may not be available in your area.
Dear Binance members,
Binance Earn is excited to launch a promotion on BNB Reserved Products. Sign up with more BNB, sign up for a longer reserve period, sign up early during the promotion period, and turn on the auto-sign up function to earn the most BNB and earn many rewards:
Get a share of up to $1M in OM and USDC token rewards;
Get a chance to win $50,000 in USDC token vouchers, which is equivalent to the value of a luxury electric car and;
Earn BNB rewards, plus Launch Pool, Megadrop, Free Holder Distributions using reserved BNB product trades (if applicable);
Show period: 24-12-2024 00:00 (UTC) to 12-01-2025 23:59 (UTC)
How to participate:
Click [Register Now] on the activity page.
Complete the steps listed in Exhibit A and Exhibit B.
Offer A: Subscribe to BNB Reserved Products and boost your BNB Points to get a share of 273,000 OM and 50,000 USDC in rewards
Eligible users must complete a subscription of at least 0.5 BNB in Reserved BNB Products to be eligible to participate in Offer A. Users can earn higher total BNB by subscribing with more BNB, subscribing for a longer reservation period (e.g., 120 days), subscribing as soon as possible during the Offer Period, and turning on the auto-subscription function.
Eligible users will then be ranked according to their total BNB points on the Leaderboard for a chance to get a share of the rewards, according to the table below:
Reward Distribution System:
Reward Calculation: A mechanism based on reserved BNB product points.
Total BNB points will be calculated as follows:
Total BNB Points = Reserved BNB Product Subscription Amount * Reserve Period Multiplier * Offer Period Multiplier * Auto Subscription Multiplier
point system:
Reserved BNB Subscription Amount: The total amount of BNB used to subscribe to Reserved Products during the Promotion Period. Please note that any Reserved BNB transaction that is redeemed during the Promotion Period will be offset by a negative balance in the Reserved BNB Subscription Amount, which will result in a deduction from your total BNB Points.
Auto-renewed subscription deals during the promotion period will be counted towards your total BNB points.
Any existing trades in reserved BNB products that are accrued during the promotion period while the auto-subscription is disabled will not result in any deduction from the total BNB points.
Reservation Period Multiplier: A multiplier based on the period of the reserved product (e.g. 120 days). The longer the period, the higher the multiplier.
Promotion Period Multiplier: Multiplier based on the number of days until the last day of the promotion when the subscription or redemption occurs. The promotion lasts for 20 days from 2024-12-24 00:00 (UTC) to 2025-01-12 23:59 (UTC). Longer subscription periods will have higher multipliers. If you redeem a reserved BNB product deal early, it may be counted negatively based on how close it was to redemption, resulting in a penalty and deduction of your total BNB points.
Auto Subscription Multiplier: Auto Subscription refers to the automatic subscription function for reserved BNB products. Users can refer to this FAQ for more information on how to enable the "Auto Subscription" function. By 2025-01-12 23:59 (UTC), users who have enabled the Auto Subscription function will receive a 1x multiplier, while users who have not enabled Auto Subscription will receive a 0.5x multiplier. Early redemptions for all trades regardless of whether Auto Subscription is enabled during the promotion period will still count as a 1x multiplier.
Examples of calculating total BNB points:
Offer B: Sign up for BNB Reserved Products for a chance to win $50,000 USDC tokens (worth a luxury electric car)
Eligible users who subscribe to reserved BNB products and maintain at least 3 BNB with the auto-subscription function enabled by 2025-01-12 23:59 (UTC) can qualify to participate in Promotion B. On 2025-01-14 23:59 (UTC), we will use BNB Smart Chain hash value to automatically select one eligible user with the highest number of consecutive matching numbers in their user ID as the winner. The selected winner will receive a voucher worth $50,000 USDC tokens, which is equivalent in value to a luxury electric car.
About MANTRA (OM)
OM is the native token of MANTRA Chain, a layer-1 blockchain designed specifically for tokenized real-world assets. As an open, public chain, MANTRA enables developers and organizations to seamlessly participate in the growing real-world asset tokenization space by providing advanced technical models, compliance mechanisms, and cross-chain interoperability. OM serves a range of key purposes in the MANTRA ecosystem, including network security through staking, protocol governance, transaction fees, and as an incentive to encourage user participation and network growth.
About Simple Earn Staking Products for BNB Tokens:
Simple Earn’s locked products allow users to earn higher daily rewards by depositing their digital assets for different locked periods.
Users can stake BNB products using their BNB assets at any time to earn the following rewards:
Launch Pool Rewards (if applicable)
BNB Rewards (Return to Latest APR)
Megadrop Bonuses (where applicable)
Free distributions to holders (if any)
Only users in eligible countries/regions will automatically receive Megadrop rewards, Free Holder Distributions, and/or Launch Pool for holding reserved BNB product trades.
Users do not need to manually redeem BNB assets from their staked BNB products to participate in launch pools.
The calculation of launch pool rewards is the same, regardless of whether users subscribe to locked BNB products or directly store BNB in launch pools.
If there are multiple projects on the launch pool simultaneously, users' BNB assets in the reserved products will automatically be allocated equally to each launch pool project that the user is eligible to participate in.
Read more: Megadrop and BNB Locked Products FAQ, Binance Expands Launch Pool Rewards to Users Holding BNB Locked Products.
Terms and Conditions:
Only users who complete identity verification and confirm their participation during the offer period will be eligible for rewards from these offers.
Users can also check out the frequently asked questions about Simple Earn Reserved Products to learn more information.
Sub-accounts will not be considered as separate accounts when participating in this offer. The subscription amount of the sub-accounts will be combined with the standard subscription amount of the main account.
The rewards for this campaign are contributions from the relevant protocol team to Binance for the express purpose of supporting and facilitating promotional activities.
Distribution of rewards:
OM and USDC token rewards will be distributed to eligible users by 2025-02-20 23:59 (UTC), unless otherwise advised by Binance. Users can find their rewards via Profile > Assets > Spot Wallet. Reward transactions can be checked in Wallet > Transaction History > Spot Wallet > Distribution.
Binance uses the OM/USD exchange rate of ~$3.48 on 10-12-2024 to calculate the total rewards in USD.
Binance will use $50,000 as the estimated market value of a luxury electric car, as specified on 12-10-2024, and then give the user the equivalent amount in the form of a USDC token voucher. The reward does not include any taxes, shipping fees, or any other additional fees.
The winner of $50,000 in tokens (equivalent to a luxury electric car) will be announced on social media using a masked user ID on 01-31-2025, and the rewards will be distributed in the form of USDC token vouchers.
Token vouchers are subject to additional terms and conditions. All distributed token vouchers will expire within 14 days after distribution. Users must claim their voucher rewards before they expire. Learn how to redeem a token voucher.
Binance reserves the right to disqualify any participants who it deems, in its reasonable discretion, to be acting fraudulently or in violation of the applicable Terms and Conditions.
Binance reserves the right to cancel or amend the Offer or its rules at its sole discretion.
Users can view their holdings in Simple Earn products by going to Wallets > Earn.
Users can enable the “Automatic Subscription” function before completing subscriptions to Simple Earn reserved products for BNB tokens, and this feature will automatically renew the reserved product deals to a new deal of the same duration upon expiration.
Cancellation period for reserved products: 1 day.
About Early Redemption of Reserved Simple Earn Products: Users may redeem their assets early. If early redemption is chosen, the digital assets will be returned to the Instant Account, and users will not be entitled to any rewards. Any distributed rewards (accrued or otherwise) will be deducted from the redeemed capital. It may take 48-72 hours to receive the digital assets.
Additional offer terms and conditions can be accessed here.
Binance reserves the right to disqualify any participants who tamper with the Binance Software script, or interfere with the operation of the Binance Software script using any other software.
There may be a discrepancy between this original English content and any translated versions. In the event of any discrepancy, please refer to the original English version for the most accurate information.
Thank you for your support!
Binance Team
2024-12-24
