This is a general advertisement and the products and services referred to may not be available in your area.

Dear Binance members,

Binance Earn is pleased to launch an offering on ETH storage. Store ETH now to earn multiple rewards:

  • A share of 99,120 SEI from the free distribution bonus;

  • Earn 3% dynamic APR* rewards using ETH staking.

note:

Offer period: 20-06-2024 at 00:00 (UTC) to 07-07-2024 at 23:59 (UTC)

How to participate:

During the Promotion Period, users who meet the following requirements will be eligible to participate:

All eligible users will be ranked by ETH storage amount during the promotion period. The top 500 users will be eligible to receive a share of the following rewards, listed in the table below. 

Reward distribution system:

Ranking by amount of ETH stored during the offer period (in WBETH) 

Reward every qualified user 

Positions from first to tenth

1200 SE

Positions from eleventh to twentieth

920 SE

Positions from twenty-one to thirty

840 SE

Positions from thirty-one to forty

750 SE

Positions from 41 - 50

502 SEI

Positions from 51 to 100

220 SE

Positions from 101 to 300

140 SE

Positions from 301 to 500

90 SE

Please note: 

  • ETH storage amount (in WBETH) = Total WBETH amount received from ETH storage - Total WBETH amount redeemed for ETH - Total WBETH amount sold on the spot market 

  • The ETH storage amount for users who redeem existing WBETH trades created before the offer in order to recreate the same trades after the offer period only will be equal to zero.

  • Case Study 1: 

    • User A has an ETH staking transaction worth 10 ETH, and received 9.658 WBETH (based on conversion rate) before the offer start date. Then User A decided to redeem 9.658 WBETH into ETH, to participate in this offer, and stored 10 ETH, and he received 9.658 WBETH during the offer period.

    • User A's ETH storage amount (in WBETH): 9.658 WBETH - 9.658 WBETH = 0 

  • Case Study 2:

    • User B has 10 WBETH before the show starts. The user then participated in this offer and stored 5 ETH, and received 4.80 WBETH (based on conversion rate) during the offer period.

    • User B's ETH storage amount (in WBETH): 4.80 WBETH.

  • Case Study 3:

    • User C joins this offer and stores 10 ETH, receiving 9.658 WBETH (based on conversion rate). User C then decides to sell 9.658 WBETH during the offer period. 

    • User C's ETH storage amount (in WBETH): 9.658 WBETH - 9.658 WBETH = 0.

  • Each user's ETH storage amount will be calculated based on the amount of WBETH during the promotion period. 

  • Direct purchases of WBETH tokens from the spot trading pair WBETH/ETH will not count toward the user's ETH storage amount accounts during the promotion period.  

انضم إلى العرض الآن!

About ETH storage:

  • ETH storage allows users to store their Ethereum (ETH) tokens to support Ethereum network operations. By storing ETH on Binance, users contribute to the security and efficiency of the network and will receive WBETH tokens in exchange for it (i.e., a token representation of the stored ETH tokens and rewards). 

Terms and Conditions:

  • Only users who complete identity verification, and confirm their participation during the offer period can be eligible to receive rewards from this offer. 

  • Binance reserves the right to amend the annual percentage rates at any time without any prior notice. Please refer to Terms and Conditions for Storing ETH on Binance before using ETH storage. 

  • Users can also view the most frequently asked questions about ETH storage to learn more information.

  • Sub-accounts will not be considered separate accounts when participating in this offer. The sub-account subscription amount will be combined with the main account's standard subscription amount.

  • SEI token rewards will be distributed to eligible users by 10-08-2024 at 23:59 (UTC), unless Binance advises otherwise. Users can find their rewards via Profile > Assets > Instant Wallet. 

  • Users can view their ETH storage assets by going to Wallets > Earn.

  • ETH (WBETH) storage recovery period: six days.

  • 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 modify 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 this original English article. In this case, please refer to the original version for the most current or accurate information about the areas giving rise to any conflict.

thanks for your support!

Binance Team

2024-06-20