This is a general announcement and marketing communication. The products and services described here may not be available in your region.
Dear Binance community members,
Due to the high popularity, Binance Simple Earn launches a new round of special offering for stablecoins! During the promotion, eligible users can earn a reward of 16.2% APR for fixed-term products for FDUSD and a bonus multi-level APR of 7% for flexible-term products for EURI in addition to real-time APR rewards!
Earn up to 16.2% APR for FDUSD and 7% APR with Simple Earn products for EURI
Promotion period: from 20.11.2024 03:00 to 04.12.2024 02:59 (UTC+3).
Subscription format: subscribe in the order specified below.
Reward distribution
Real-time APR: rewards are credited to the Earn wallet every minute.
Bonus multi-level APR: rewards are credited to the user's spot wallet daily.
APR for fixed-term products is credited to the user's spot wallet daily.
Available products (Simple Earn products)
How to participate
Buy FDUSD or EURI on the spot market or in the Buy cryptocurrency section, where various payment methods are available, including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit FDUSD or EURI into their Binance account.
Go to Simple Earn and find FDUSD or EURI.
Select 14 days and subscribe to fixed-term products for FDUSD to start earning a 16.2% APR, or choose Flexible and subscribe to flexible-term products for EURI to earn a bonus multi-level APR of 7%.
About the Binance Simple Earn platform
Binance Simple Earn allows users to earn daily rewards by using their digital assets for products with flexible or fixed terms. Simple Earn users can subscribe or withdraw their assets almost anytime, thus maintaining access to increased flexibility and liquidity of assets while earning daily rewards.
Note
Changes in Simple Earn reward rates will be published periodically on the platform. Please review the terms and conditions of Binance Simple Earn and risk warning for more information before using Simple Earn.
At the end of the selected subscription period, Binance Simple Earn will return the digital assets or currency used for staking to users' spot wallets.
Rewards in the form of APR:
Products with fixed terms and rates:
The fixed APR rate will remain unchanged throughout the term of the Simple Earn fixed-term products. Any changes to the fixed APR rate will apply only to new, not existing subscriptions to fixed-term products for FDUSD.
Reward calculation period: from 03:00 (UTC+3) the next day after subscribing to fixed-term products until the end of the subscription period.
Early redemption: users can withdraw locked assets early, but all earned rewards will be canceled. Assets are typically returned to users' spot wallets within 72 hours after a closure request. However, delays may occur due to exceptional circumstances, such as extreme market volatility, network outages, protocol failures, or a high volume of simultaneous redemption requests. Please review our terms and risk warning.
For products with flexible terms:
Bonus multi-level APR is an additional reward for the real APR. After subscribing, the bonus multi-level APR will start accruing the next day from 03:00 (UTC+3). Rewards will start distributing to spot wallets the day after accrual begins from 03:00 to 11:00 (UTC+3).
All users with open positions in flexible-term products for EURI will receive both real-time APR rewards and bonus multi-level APR during the promotional period. After the promotion ends, users will only retain the right to real-time APR rewards.
Bonus multi-level APR rewards are calculated based on the amounts used for subscription, considering the limit amount of the corresponding level for each token.
APR rewards are distributed from Binance's own funds and are determined based on prevailing market conditions. This promotion is not related to the issuer of FDUSD/EURI.
Assets you deposit on the Simple Earn platform may be lent to other Binance users (e.g., for Binance Margin users and cryptocurrency loans).
To see assets in fixed-term products, go to the Wallet menu > Earn > Simple Earn.
Unlocking period
Products with flexible terms: instant.
Products with fixed terms: one day.
Additional information: Simple Earn fixed-term products and Simple Earn flexible-term products.
Binance reserves the right to disqualify any participants who interfere with the Binance code or manipulate the Binance code using other software.
Binance reserves the right to disqualify any participants who are reasonably deemed to be fraudsters or violators of applicable terms and conditions.
Binance reserves the right to cancel and change the promotion and its rules at its discretion.
Additional terms of the promotion are available 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 in case of discrepancies.
Thank you for your support!
The Binance Team
20.11.2024
Disclaimer. EURI is an electronic money token issued by Banking Circle S.A (https://www.bankingcircle.com/). The EURI whitepaper is available here. You can contact Banking Circle using the following contact information: +44 (0)7867254482 and clientservices@bankingcircle.com.
EURI buyers can exchange EURI tokens at par for the official currency to which EURI is pegged, EUR, receiving the cash equivalent in EUR held by Banking Circle for EURI buyers.
