This is a general announcement. The products and services mentioned here may not be available in your area.
Dear Binance members,
Binance Simple Earn has launched two promotions on Simple Earn Flexible Products for FIL and Simple Earn Fixed Rate Reserved Products for ETH! During the promotion period, users who subscribe to Simple Earn Flexible Products for FIL and Simple Earn Fixed Rate Reserved Products for ETH will be eligible to earn token voucher rewards worth up to 799 USDC, while enjoying promotional annual percentage rates.
Offer A: Promotional APR Bonuses with Flexible FIL and ETH Locked Products
Show period: 19-09-2024 00:00 (UTC) to 31-10-2024 23:59 (UTC)
Subscription System: Complete the subscription process according to the priority according to the conditions below.
Distribution of rewards:
Tiered Annual Percentage Rate: Distributed to users' instant wallets daily.
Real-time Annual Percentage Rate: It is generated and accumulated directly in users' Earn wallets every minute.
Fixed APR: The fixed rate will remain the same throughout the entire lockup period. For the fixed rate, any available changes to the APR will apply to new, not existing, subscriptions to the locked ETH products and will be distributed to users’ spot wallets on a daily basis. The first reward will be awarded the day after the start of the entitlement (two days after the subscription).
Products offered (Simple Earn Products)
Offer B: Sign up for FIL Flexible and ETH Locked Products for a chance to win up to 799 USDC
Show period: 19-09-2024 00:00 (UTC) to 18-10-2024 23:59 (UTC)
During the Promotion Period, users who meet the following requirements will be eligible to participate:
All eligible users will be ranked by their net eligible subscription amount* during the promotion period. The top 15 users will be eligible for a share of the following rewards, listed in the table below.
please note:
Net Subscription Amount = (Total amount of assets subscribed to Flexible FIL Products and/or ETH Securities - Total amount of assets redeemed from Flexible FIL Products and/or ETH Securities)
If two or more eligible users have the same qualifying net subscription amount, they will be ranked in order of subscription timing.
For users who redeem existing Simple Earn deals created prior to the offer to re-create the same deals during the offer period, their net subscription amount for Simple Earn products will be zero.
ETH Staking transactions will not count towards users’ net subscription amounts for Simple Earn reserved products. Only Simple Earn reserved products for ETH tokens for 60 days, 90 days and flexible FIL products will be eligible for these offers.
How to get started with flexible and reserved products:
Buy ETH or FIL on the Spot Market, or via the “Buy Cryptocurrency (ETH or FIL)” pages, which support payment methods including Visa, Mastercard, Apple Pay, Google Pay, and wallet balances. Users can also deposit FIL or ETH to their Binance accounts.
Go to [Simple Earn], and search for FIL or ETH.
Choose Flexible, 60 Days or 90 Days, and sign up for the Simple Earn Flexible FIL token products and the Simple Earn Fixed Rate ETH token 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. Please refer to the Binance Simple Earn Terms and Conditions Risk Warning for more information before using Simple Earn.
Binance Simple Earn will redeem the digital assets/tokens locked in subscriptions on Simple Earn products locked for ETH tokens to Simple Earn flexible products for ETH tokens at the end of the agreed subscription period.
Rewards:
Exhibit A:
The additional tiered APR is offered as an additional reward on top of the spot APR. Upon subscription, the additional tiered APR rewards will start accruing the next day starting at 00:00 (UTC). The rewards will start being distributed the next day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s spot wallet.
All users with open positions on FIL Flexible Products will receive both the Instant APR and the Additional Tiered APR rewards during the promotion period. Once the promotion ends, users will only be entitled to the Instant APR rewards.
Tiered APR bonuses are calculated based on subscribed amounts and are subject to the tier limit for each token. Please refer to FAQ for more details.
Fixed APR: The fixed rate will remain the same throughout the reservation period. For the fixed rate, any available changes to the APR will apply to new, not existing, subscriptions to the reserved ETH products. Bonus calculation period: From 00:00 (UTC) of the day following the subscription to the reserved products, until the end of the subscription period.
Show B:
USDC rewards will be distributed as token vouchers within three weeks after the end of Promotion B. Users can log in and redeem their token voucher rewards via Profile > Rewards section. Learn how to redeem token vouchers.
All distributed token vouchers will expire within 30 days after distribution. Eligible users must claim their voucher rewards before the expiration date.
Assets you deposit into Simple Earn products may be loaned to other Binance users (e.g., leveraged trading products and crypto loans).
A large number of redemption requests may cause temporary delays in the redemption process. Redemptions may resume once liquidity returns.
Users can view their Flexible and Reserved Product assets through Wallets > Earn > Simple Earn.
Refund time for flexible product subscriptions: immediate; Cancellation period for reserved products: 1 day.
Early Redemption: Users may redeem their reserved Simple Earn products early, but all rewards received will be forfeited. The full balance of the reserved assets, minus any rewards distributed during the product term, will be returned to users’ Spot Wallets within 72 hours. However, in exceptional circumstances, the return of these assets may be delayed. Please see the Terms and Risk Warning for more details.
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.
Binance reserves the right to disqualify any participants who, in its reasonable opinion, display signs of fraudulent behavior or otherwise do not comply with the applicable Terms and Conditions.
Binance reserves the right to cancel or amend the Offer or its rules at its sole discretion.
Additional offer terms and conditions can be accessed here.
There may be a discrepancy between the translated version and the original English article. In this case, please refer to the original version for the most up-to-date or accurate information on the areas in which any discrepancy arises.
Thank you for your support!
Binance Team
2024-09-19
