This is a general announcement. The products and services mentioned here may not be available in your region.
Caros Binancers,
Binance Simple Earn has launched two promotions for Simple Earn FIL Flexible Products and Simple Earn ETH Fixed Rate Locked Products! During the promotion period, users who subscribe to Simple Earn FIL Flexible Products and Simple Earn ETH Fixed Rate Locked Products will be eligible to earn up to 799 USDC in token voucher rewards while enjoying promotional APR rates.
Promotion A: APR Promotional Rewards with Flexible FIL Products and ETH Locked Products
Promotion period: from 9:00 PM on 09/18/2024 (BRT) to 8:59 PM on 10/31/2024 (BRT)
Registration Format: Complete the registration on a first-come, first-served basis according to the terms below.
Reward Distribution:
APR Bonus by Tier: distributed daily to users' Spot Wallets.
Real-Time APR: Accumulated directly into users' Earn Wallets every minute.
Fixed APR: The fixed rate will remain the same throughout the lock-up period. For fixed rate, any available APR changes will only apply to your new and non-existing ETH Locked Product subscriptions. Distributed daily to users’ Spot Wallets. The first reward will be granted the day after the accumulation begins (two days after subscription).
Products offered (Simple Earn Products)
Promotion B: Subscribe to FIL Flexible Products and ETH Locked Products for a Chance to Win Up to 799 USDC
Promotion period: from 21:00 on 18/09/2024 (BRT) to 20:59 on 18/10/2024 (BRT)
During the promotion period, users who meet all of the requirements below will be eligible to participate:
Sign up for Flexible FIL Products and ETH Locked Products with at least the equivalent of $300 USD
All eligible users will then be ranked by eligible net sign-up value* during the promotion period. The top 15 users will be eligible to share the following rewards, listed in the table below.
Notes:
Net subscription value = (Total value of assets subscribed to FIL Flexible Products and/or ETH Locked Products - Total value of assets redeemed from FIL Flexible Products and/or ETH Locked Products)
If two or more eligible users have the same eligible net subscription amount, they will be ranked based on the time of subscription.
Users who redeem existing Simple Earn positions created prior to the promotion solely to recreate the same positions on Simple Earn during the promotion period will have a net subscription value of zero for Simple Earn Products.
ETH Staking positions will not count towards the calculation of users’ net subscription values for Simple Earn Locked Products. Only Simple Earn 60-day and 90-day ETH Locked Products and Flexible FIL Products are eligible for these promotions.
How to get started with Locked and Flexible Products:
Buy ETH or FIL on the ‘Spot Market’, or via the “Buy Crypto (ETH or FIL)” page, which supports payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, and wallet balances. Users can also deposit FIL or ETH into their Binance account.
Go to [Simple Earn] and search for FIL or ETH.
Select FLEXIBLE, 60 or 90 days and sign up for Simple Earn Flexible FIL Products and Simple Earn Fixed Rate ETH Locked Products to start earning rewards!
Terms and Conditions:
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 Warning for more information before using Simple Earn.
Binance Simple Earn will redeem the digital assets/currencies locked in Simple Earn ETH Locked Product subscriptions to Simple Earn ETH Flexible Products at the end of the agreed subscription period.
Rewards:
Promotion A:
Tier Bonus APR is offered as an additional reward on top of Real-Time APR. After enrolling, Tier Bonus APR rewards will begin accruing the following day starting at 00:00 UTC (i.e. 00:00 UTC on the same day of enrollment). Rewards will begin to be distributed the following day after they begin accruing, between 00:00 UTC and 05:00 UTC to the user’s Spot Wallet.
All users who have open positions for FIL Flexible Products will receive Real-Time APR and Tier Bonus APR rewards during the promotion period. After the promotion ends, users will only be entitled to Real-Time APR rewards.
Bonus APR rewards per tier are calculated based on subscribed amounts and are subject to the respective tier cap for each token. Please see the FAQ for more details.
Fixed APR: The fixed rate will remain the same throughout the lock-up period. For fixed rate, any available APR changes will only apply to your new and non-existing ETH Locked Product subscriptions. Reward calculation period: From 00:00 (UTC) on the day after you subscribe to the Locked Product, until the end of the subscription period.
Promotion B:
USDC rewards will be distributed in token vouchers within three weeks after the end of promotion B. Users can log in and redeem their token voucher rewards under Profile > Rewards Hub. Learn how to redeem a token voucher.
All distributed token vouchers will expire within 30 days after distribution. Eligible users must redeem their voucher rewards before the expiration date.
The assets you deposit into 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.
Users can view their assets across Flexible and Locked Products by going to Wallet > Earn > Simple Earn.
Redemption time for Flexible Product subscriptions: instant; Unlock period for Locked Products: one day.
Early Redemption: Users can redeem Simple Earn Locked Products early, 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 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.
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
19/09/2024
