This is a general announcement. The products and services mentioned here may not be available in your region.
Caros Binancers,
Due to high user demand, Binance Simple Earn is excited to launch a new round of promotion for FDUSD Fixed Rate Locked Products! During the promotion period, qualified users who complete sign-ups for FDUSD Fixed Rate Locked Products can enjoy 15.9% APR rewards!
Promotion period: from 21:00 on 24/09/2024 (BRT) until 20:59 on 08/10/2024 (BRT)
Products offered (Blocked Products):
Mechanism in FDUSD Locked Products:
Registration format: Registration is limited on a first-come, first-served basis. Fixed duration of 14 days.
APR: The fixed rate will remain the same throughout the Simple Earn lock period. For fixed rate, any available changes to the APR will only apply to new FDUSD Locked Product users' subscriptions and not to existing subscriptions.
Capital Protection means that users will get their invested amount back upon redemption or at the end of the lock-in period (as applicable).
Reward calculation period: from 00:00 (UTC) of the day following the completion of registration for Locked Products, until the end of the registration period.
Reward Distribution: Distributed to the Spot Wallet daily.
Early Redemption: Users can redeem locked assets, but all rewards received will be forfeited. The full balance of locked assets, minus rewards distributed during the period, will be returned to users’ Spot Wallet within the next 72 hours. However, in the event of exceptional circumstances, the return of such assets may be delayed further. Please refer to our terms and risk warning for more details.
How to get started with FDUSD Locked Products:
Buy FDUSD on the Spot Market on the Buy Crypto page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit FDUSD into their Binance account.
Go to [Earn] and search for FDUSD.
Select 14 Days and sign up for FDUSD Locked Products to start earning 15.9% APR!
Sobre a Binance Simple Earn:
Binance Simple Earn allows users to earn daily rewards through digital asset deposits with flexible or locked terms. Users can subscribe to or redeem Simple Earn assets at almost any time, thus maintaining great flexibility and liquidity over their assets while earning daily rewards.
Notes:
The promotion is only available to users who are eligible to use Binance Simple Earn Products and may not be available or may be restricted in certain jurisdictions or regions or to certain users depending on legal and regulatory requirements.
Changes to the Simple Earn Rewards Rate will be published on the platform from time to time. Please refer to the Binance Simple Earn Terms and Conditions and Risk Disclaimer for more information before using Simple Earn.
Binance Simple Earn will redeem the digital assets/currencies locked in Simple Earn Locked Product subscriptions to Simple Earn Flexible Products at the end of the agreed subscription period.
Users can view their subscriptions to Blocked Products by going to Wallet > Earn > Simple Earn > Blocked.
Unlock period for Locked Products: one day.
APR rewards are distributed using Binance’s own funds and are determined based on the assessment of prevailing market conditions. This promotion is not associated with the FDUSD issuer in any way.
Assets deposited by users on Simple Earn can be lent to other Binance users (e.g. Margin and Crypto Lending products).
A large number of redemption requests may temporarily delay redemption. Redemptions may resume once liquidity returns. The availability of redemptions or delays in completing redemption requests depend on various factors, including but not limited to extreme market volatility, network delays, a significant number of simultaneous redemption requests from other Binance users, and any other unforeseen events.
For more information, please check the Locked Products FAQ.
Binance reserves the right to disqualify any participant who tampers with Binance program code or interferes with the operation of Binance program code with other software.
Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or in breach of any applicable terms and conditions.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional terms and conditions of the promotion can be accessed here.
There may be discrepancies in the translated version of this original English article. Please refer to the original version for the most recent or accurate information where discrepancies may arise.
Thank you for your support!
Binance Team
24/09/2024
