This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Earn is pleased to launch a promotion for BNB Locked Products and ETH Staking. Complete subscriptions to BNB Locked Products and/or ETH Staking now to earn multiple rewards:
A share of up to 220,000 ALT in airdrop rewards
Earn up to 3.5% APR in BNB rewards and ongoing Launchpool rewards with BNB Locked Products positions
Earn up to 3.37% in APR rewards with ETH Staking positions
Promotion: Subscribe to BNB Locked Products or ETH Staking to Share Up to 220,000 ALT in Airdrop Rewards
Promotion Period: 2024-02-20 00:00 (UTC) to 2024-03-03 23:59 (UTC)
During the Promotion Period, users who fulfill the following requirements will be eligible to participate:
All eligible users will then be ranked by their net BNB Locked Products and ETH Staking subscription amount (where net subscription amount means the total BNB Locked Products and ETH Staking subscription amount less the amount of assets redeemed from BNB Locked Products and ETH Staking) during the Promotion Period.
The top 500 users will qualify to share the dynamic rewards pool unlocked during the Promotion Period, as per the reward structure below.
Dynamic Rewards Pool:
The total size of the dynamic rewards pool unlocked depends on the net BNB Locked Products and ETH Staking subscription amount of all qualified participants during the Promotion Period, and can go up to 220,000 ALT.
Reward Structure:
Join the Promotion Now!
About BNB Locked Products & Launchpool Rewards:
Launchpool Rewards (where applicable)
BNB Rewards (Refer to the latest APR)
Only users in qualified countries/regions will automatically receive Launchpool rewards for holding BNB Locked Products positions.
Users are not required to manually redeem their BNB assets from BNB Locked Products to participate in Launchpools.
Rewards calculation for Launchpools is the same, regardless of whether users subscribe to BNB Locked Products or stake their BNB directly in Launchpools.
When there are multiple Launchpool projects running concurrently, users’ BNB assets in Locked Products will automatically be equally allocated to each Launchpool project the user is eligible for.
Read more: Binance Extends Launchpool Rewards to Users with BNB Locked Products Positions.
Terms & Conditions:
Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in this Promotion.
Binance reserves the right to adjust APRs at any time without prior notice. Please refer to Binance Simple Earn Terms of Use prior to using BNB Locked Products or any other products on the Binance Simple Earn platform, as well as the Binance ETH Staking Terms and Conditions prior to using ETH Staking.
Users may also view the FAQs on Simple Earn Locked Products and ETH Staking for more information.
The rewards specified in the table above are limited to the top 500 eligible users only.
Each sub-account will not be viewed as an independent account when participating in this Promotion.
ALT token rewards will be airdropped to eligible users by 2024-03-29 23:59 (UTC). Users may find their rewards via Profile > Assets > Spot Wallet.
Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
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 can view their assets on Simple Earn Locked Products and Flexible Products by going to Wallets > Earn.
Users may enable the “Auto-Subscribe” function before completing subscriptions to BNB 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.
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. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Additional promotion terms and conditions can be accessed here.
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
2024-02-20
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.
