This is a general announcement. The products and services described here may not be available in your area.
Dear Binance Community Members,
Due to high demand from users, Binance Simple Earn is launching a new round of FDUSD Fixed-Term Products promotion. During the promotion, eligible users who subscribe to FDUSD Fixed-Term Products will be able to earn 15.9% APR rewards.
Promotion period: from 09.10.2024 03:00 to 23.10.2024 02:59 (UTC+3).
Available products (with fixed terms)
About Fixed Condition Products for FDUSD
Subscription format: The subscription is limited and available on a first come, first served basis. Fixed term of 14 days.
APR: The flat rate will remain the same for the entire life of Simple Earn fixed term products. Any changes to the flat APR will only apply to new, not existing, FDUSD fixed term product subscriptions.
Principal protection means that the principal amount will be returned upon product closure or at the end of the lock-up period (as applicable).
Reward calculation period: from 03:00 (UTC+3) on the day of subscription to products with fixed terms until the end of the subscription period.
Reward distribution: daily to spot wallet.
Early Closure: Users can claim locked assets early, but any rewards received will be forfeited. The full balance of locked assets, minus any rewards distributed during the term, will be returned to users' spot wallets no later than 72 hours later. However, in exceptional circumstances, the return of such assets may take longer. Please see our terms and risk warning for more details.
How to Use Fixed Condition Products for FDUSD
Buy FDUSD on the spot market or in the Buy Crypto section, where various payment methods are available, including Visa and Mastercard, Apple Pay, Google Pay, and wallet balance. Users can also deposit FDUSD to a Binance account.
Go to Simple Earn and find FDUSD.
Choose a 14 day term and sign up for FDUSD fixed term products to start earning 15.9% APR.
About Binance Simple Earn Platform
Binance Simple Earn allows users to earn daily rewards by using their digital assets for products with flexible or fixed terms. Simple Earn users can subscribe or withdraw their assets at virtually any time, thus maintaining access to increased asset flexibility and liquidity while earning daily rewards.
Note
Promotions are only available to users who are authorized 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 reward rate will be posted on the platform periodically. Please refer to the Binance Simple Earn Terms and Conditions and Risk Disclosure for more information before using Simple Earn.
At the end of the selected subscription period, Binance Simple Earn will return the digital assets or currency used for staking to users' spot wallets.
To see assets in products with fixed terms, go to the menu "Wallet > Earn > Simple Earn > Fixed".
Unlock period for products with fixed conditions: one day.
APR rewards are distributed from Binance's own funds and are determined based on an assessment of prevailing market conditions. This promotion is in no way affiliated with the issuer of FDUSD.
The assets you deposit on the Simple Earn platform can be lent to other Binance users (such as Binance Margin and Cryptocurrency Loans).
A large volume of redemption requests may cause a temporary delay in redeeming products. Redemptions may resume once liquidity returns. Redemption availability or delays in redemption requests may be affected by various factors, including but not limited to extreme market volatility, network delays, an increased number of simultaneous redemption requests from other Binance users, and any other unforeseen events.
Additional information is available in the Fixed Terms Products FAQ.
Binance reserves the right to disqualify any participants who tamper with the Binance software code or interfere with the Binance software code using other software.
Binance reserves the right to disqualify any participants it reasonably believes to be fraudulent or in violation of applicable terms and conditions.
Binance reserves the right to cancel or amend the promotion and its rules at its sole discretion.
Additional terms of the promotion are available here.
There may be discrepancies between the translation and the original English article. In this case, please read the original version of the announcement to get the most up-to-date and accurate information.
Thanks for support!
Binance Team
08.10.2024
