This is a general announcement and marketing statement. The products and services mentioned may not be available in your region.
Hello, Binancian:
To celebrate the New Year, Binance Simple Earn is pleased to announce a new round of special stablecoin offers. During the promotion period, eligible users can enjoy 16.2% in APR rewards with FDUSD fixed-rate Locked products and 7% tiered APR rewards with EURI Flexible products plus real-time APR rewards!
Enjoy up to 16.2% APR with FDUSD and 7% APR with EURI products in Simple Earn
Promotion period: from December 18, 2024, at 00:00 (UTC) to December 31, 2024, at 23:59 (UTC)
Subscription format: Complete subscriptions on a first-come, first-served basis according to the terms below.
Distribution of rewards:
Real-time APR: accrues and accumulates directly in users' Earn wallets every minute.
Tiered bonus APR: distributed to users' Spot wallets daily.
APR rate for Locked products: distributed to users' Spot wallets daily.
Offered products (Simple Earn products):
How to get started:
Buy FDUSD or EURI in the Spot market or through the Buy Crypto page, which supports various payment methods such as Visa and Mastercard, Apple Pay, Google Pay, and wallet balances. Users can also deposit FDUSD or EURI into their Binance accounts.
Go to [Simple Earn] and look for FDUSD or EURI.
Select 14 days and subscribe FDUSD to Locked products to start earning 16.2% APR, or select Flexible and subscribe EURI to the Flexible products to enjoy a 7% tiered bonus APR.
About Binance Simple Earn:
Simple Earn allows users to earn rewards daily by depositing their digital assets for flexible or locked terms. Users can subscribe their assets to Simple Earn or redeem them from there at any time, allowing them to maintain flexibility and liquidity of their assets while earning rewards every day.
Please note the following:
Changes in the Simple Earn Reward Rate will be published on the platform from time to time. Check the Terms and conditions of Binance Simple Earn and the Risk warning for more information before using Simple Earn.
Binance Simple Earn will redeem the assets or digital currencies committed in the subscriptions of Simple Earn Locked products to Flexible Simple Earn products at the end of the agreed subscription period.
APR Rewards:
Fixed rate Locked products:
The fixed APR rate will remain the same throughout the locking period in Simple Earn. Any change in the rate will only apply to new subscriptions of FDUSD Locked Products, not to existing ones.
Reward calculation period: from 00:00 (UTC) the day after subscribing to Locked products until the end of the subscription period.
Early redemption: assets in Locked products can be redeemed early, but all rewards earned will be forfeited. Assets are normally returned to Spot wallets within 72 hours after the redemption request. However, there may be delays due to exceptional circumstances such as extreme market volatility, network disruptions, protocol failures, or a high volume of simultaneous redemption requests. Check our Terms and the Risk warning for more details.
Flexible Products:
The tiered bonus APR rate is offered as an additional reward to the real-time APR rate. After subscription, tiered APR rewards begin to accrue the next day from 00:00 (UTC). The distribution of rewards will start the day after accumulation begins, between 00:00 (UTC) and 08:00 (UTC), and will be deposited into users' Spot wallets.
All users who hold open positions in Flexible products in EURI will receive both real-time APR rewards and tiered bonus APR during the promotion period. Once the promotion ends, users will only be entitled to receive real-time APR rewards.
Tiered bonus APR rewards are calculated based on the subscribed amounts and are subject to the corresponding limit per level for each token.
APR rewards are distributed from Binance's own funds and are determined based on the assessment and evaluation of prevailing market conditions. This promotion is not associated with the issuer of FDUSD or EURI in any way.
The assets that users deposit in Simple Earn may be lent to other Binance users (e.g., in Margin and crypto Lending products).
Users can view their subscriptions to Simple Earn products from Wallets > Earn > Simple Earn.
Unlocking period:
Flexible Products: immediate.
Locked Products: one day.
For more information, see: Simple Earn Locked Products and Simple Earn Flexible Products.
Binance reserves the right to disqualify participants who manipulate Binance's program code or interfere with the functioning of the program code with other software.
Binance reserves the right to disqualify, at its reasonable discretion, any participant who acts fraudulently or fails to comply with the applicable Terms and conditions.
Binance reserves the right to cancel or modify the Promotion or the Promotion Rules at its sole discretion.
You can access the additional terms and conditions of the promotion here.
There may be discrepancies between the translated version and the original English version of this announcement. In case of discrepancies, please refer to the original version for the most accurate information.
Thank you for your support!
The Binance team
12/18/2024
Legal notice: 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 through the following contact information: +44 (0)7867254482 and clientservices@bankingcircle.com.
EURI buyers can exchange their EURI at face value for funds denominated in the official currency to which the EURI refers (EUR) for the monetary value of the EUR that Banking Circle has in its possession for the EURI buyer.
