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,
Binance Simple Earn has launched two promotions for Simple Earn products for USDC with flexible and fixed terms. During the promotion, users who subscribe to the specified products can earn a special APR of up to 15%.
Promotion period: from 02.12.2024 03:00 to 16.12.2024 02:59 (UTC+3).
Promotion A. Earn rewards in the form of special APR of up to 15% with flexible-term products for USDC
Both new and existing users can participate in Promotion A.
Subscription format: subscribe in order according to the conditions listed below.
Reward Distribution
Bonus Multi-Level APR: rewards are credited to the user's spot wallet daily. The first reward will be issued the day after the start of accrual (two days after subscription).
Real-Time APR: rewards are credited to the Earn wallet every minute.
Available Offers
Promotion B. Exclusively for new Binance Earn users: earn fixed rewards in the form of APR 15% for fixed-term products for USDC
Only new users who have never subscribed to Simple Earn fixed-term products until 02.12.2024 03:00 (UTC+3) can participate in Promotion B.
Subscription format: subscribe in order according to the conditions listed below.
Reward distribution: rewards are distributed daily to users' spot wallets. The first reward will be issued the day after the start of accrual (two days after subscription).
Available Offers
How to get started with flexible and fixed-term products for USDC
Buy USDC on the Buy Cryptocurrency page, paying for the purchase through various methods, including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit USDC into their Binance account.
Go to Simple Earn and find USDC.
Select Flexible or 5 days and subscribe to Simple Earn products with flexible conditions for USDC or Simple Earn products with fixed conditions for USDC to start receiving rewards!
Terms and Conditions
Changes to the Simple Earn reward rate will be periodically published on the platform. Please review the Binance Simple Earn terms and conditions and risk warning for more information before using Simple Earn.
At the end of the chosen subscription period, Binance Simple Earn will transfer the digital assets or currency used to subscribe to Simple Earn fixed-term products for USDC to the balance of Simple Earn products for USDC with flexible terms.
Rewards:
Promotion A:
Bonus Multi-Level APR is an additional reward for the actual APR. After subscribing, the bonus multi-level APR will start accruing the next day at 03:00 (MSK). Rewards will start being distributed to spot wallets the day after accrual begins from 03:00 to 11:00 (MSK).
All users with open positions in USDC products with flexible conditions will receive APR rewards in real-time and bonus multi-level APR during the promotion period. After the promotion ends, users will retain the right to real-time APR rewards only.
Rewards in the form of bonus multi-level APR are calculated based on the amounts used for subscription and depend on the corresponding level limits for each token. Please refer to the frequently asked questions for more details.
Promotion B:
Reward calculation period: from 03:00 (UTC+3) the day after subscribing to fixed-term products until the end of the subscription period.
Reward distribution: rewards are distributed daily to users' spot wallets. The first reward will be issued the day after the start of accrual (two days after subscription).
Assets you deposited on the Simple Earn platform may be provided for lending to other Binance users (e.g., for Binance Margin users and cryptocurrency loans).
An increase in requests for fund redemptions may lead to temporary delays in closing products. Closing of products may resume after liquidity is restored.
Users can see assets in flexible and fixed-term products in the 'Wallets > Earn > Simple Earn' section.
Closing time for subscriptions to flexible-term products: instant. Unlocking period for fixed-term products: one day.
Early closure: users can close Simple Earn fixed-term products early, but all rewards earned will be forfeited. The full balance of locked assets, minus any rewards distributed during the term, will be returned to the user's spot wallet within 72 hours. However, in exceptional circumstances, the return of such assets may take longer. Please review our terms and risk warning for more details.
Binance reserves the right to disqualify any participants who interfere with the Binance code or interfere with the operation of the Binance code using other software.
Binance reserves the right to disqualify any participants it reasonably deems to be fraudsters or violators of applicable terms and conditions.
Binance reserves the right to cancel and amend the promotion and its rules at its discretion.
Additional terms of the promotion are available here.
There may be discrepancies between the original content in English 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
02.12.2024
Warning: 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 legal claims 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. Redemption will be made at any time and at par value.
