This is a general announcement and the products and services mentioned here may not be available in your area.
Dear User:
Binance VIP and institutions have launched online application services for VIP borrowing current interest rates and unlimited borrowing. Users can now choose unlimited borrowing, 30-day borrowing, and 60-day borrowing through the VIP borrowing page, as well as applying for and renewing borrowing orders at current or fixed interest rates. API users can apply online through the new SAPI endpoint.
Notice:
The current interest rate is updated daily based on market conditions, and the interest rate does not change due to different VIP levels.
Interest on current rate loans accrues daily based on the interest rate published here.
Fixed interest rates apply to loans with a term of 30 days and 60 days, while current interest rates apply to loans of any term.
Unlimited borrowing has no expiration date, so there is no need to repeatedly go through the renewal procedures, reducing operational complexity.
Activity: The largest new user VIP loan order of the day will win a 300 USDT reward
Event time: 17:00, August 24, 2023 to 17:00, September 3, 2023 (GMT+8)
To celebrate the VIP loan upgrade, Binance VIP and institutions will launch a limited-time promotion for new VIP loan users. During the promotion, eligible new users who confirm their participation and place the largest current interest rate VIP loan order every day, and whose loan period exceeds 30 days, will receive a 300 USDT token voucher.
Notice:
Only new VIP borrowers are eligible to participate in this limited-time event. New users are defined as those who have never used Binance VIP borrowers before the event.
Only VIP loan orders with current interest rates are eligible to participate in this limited-time event.
VIP loan assets must be held for at least 30 days to be eligible for this limited-time event.
The loan amount must meet the minimum threshold for new VIP loan users, which is the minimum loan amount of USD 500,000 or equivalent, and the minimum assets held in the spot wallet is USD 695,000 or equivalent.
Each user can only receive one reward at most. Please confirm your participation via this form.
There are ten rewards in total.
The daily activity time is from 17:00 (GMT+8) to 16:59 (GMT+8) the next day.
Guidelines and related materials:
About Binance VIP Borrowing and FAQs
terms and Conditions:
All users who participate in the event must complete identity authentication. The event is available to VIP users. Click [Participate Now] on this form to be eligible for rewards.
Reward Distribution:
USDT rewards will be distributed to eligible users in the form of token vouchers within six weeks after the end of individual activities. Users can claim them in [Account] - [Reward Center];
All distributed token vouchers will expire within 14 days of distribution. Eligible users should claim their token voucher rewards within the validity period. Learn how to redeem token vouchers. Expires in 14 days. Eligible users should claim their token voucher rewards before the expiration date. Learn how to redeem token vouchers.
Binance VIP and Institutional reserve the right to disqualify any participant whom they reasonably believe to have engaged in fraudulent behavior or failed to comply with any applicable terms and conditions;
Binance VIP and Institutions reserve the right to modify or change the terms and conditions at any time at their sole discretion and/or without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners and the timeline for taking any action, and all participants shall be bound by such modifications;
View other campaign terms and conditions here;
If you have any questions, feel free to contact your Binance account manager or the VIP team via email (vip_loan@binance.com).
In the event of any inconsistency between the translated terms and conditions of this promotion and the original English version, the English version shall prevail.
Thank you for your support!
Binance Team
August 23, 2023