This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is pleased to announce a Locked Products update on MANTRA (OM). Complete subscriptions to OM on Simple Earn Locked Products during the Promotion Period to get up to 19.9%* in APR rewards!
Mechanism on OM Locked Products
Promotion Period: Subscriptions must take place between 2024-05-01 10:00 (UTC) and 2025-03-31 09:59 (UTC) to count as eligible.
Subscription Format*: First-come, first-served basis. Minimum subscription amount, maximum subscription limits, and duration requirements apply, and will impact your APR. Refer to the table below and the notes in this announcement for more details.
Reward Calculation Period: From 00:00 (UTC) on the day after an eligible subscription to Locked Products is completed, until the end of the subscription period.
Rewards Distribution: On a daily basis.
Offered Products (Locked Products)
How to Get Started with OM Locked Products
Head to [Earn], and search for OM.
Select Duration, and subscribe with OM to start earning up to 19.9% APR daily!
Please note:
Binance reserves the right to adjust APRs at any time after the Promotion Period without prior notice. Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
Users may view their Locked Products subscriptions by going to Wallets > Earn > Simple Earn > Locked.
Users may enable the “Auto-Subscribe” function before completing subscriptions to Locked Products, which will automatically renew users’ existing Locked Products position into a new position of the same duration upon expiry.
Unlock period for Locked Products: One day.
Locked Products FAQ.
About early redemption for Simple Earn Locked Products: Users may redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards (accrued or otherwise). Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets back into your spot account.
Please note: The promotional APR offered by Binance is partly furnished through a sponsored partnership with our token partner. This collaboration allows us to provide a competitive and/or boosted APR for our valued Binance users.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-05-01
Note: This announcement was updated on 2024-10-01 to update the promotion period.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
