This is a general advertisement and marketing message, the products and services referred to here may not be available in your area.

Dear Binance members,

Binance is excited to launch a new promotion for Binance Loans (Flexible Rates) users who form teams and borrow USDT, FDUSD, or USDC. Eligible teams that meet the campaign requirements will receive USDC rewards covering up to 7 days of borrowing interest.

Show period: 06-11-2024 04:00 (UTC) to 13-12-2024 23:59 (UTC)

How to participate

During the promotion period, the first 200 qualified teams to complete all of the following campaign requirements will be eligible for rewards. Both the inviter and invitees from each team will receive a reward covering up to 7 days of USDC reward borrowing interest.

Eligible teams will be ranked based on the time invited users submit loan requests during the promotion period. Rewards are calculated based on the total interest of eligible Binance Loans (Flexible Rates) of participants during the promotion period.

Campaign Requirements:

  1. Submit a new application for Binance Loans (Flexible Rates) with a minimum value of $5,000 USDT, FDUSD, or USDC, and borrow for 25 consecutive days.

  2. Invite a new or existing Binance user to successfully place one new application for Binance Loans (Flexible Rates) of at least $5,000 USDT, FDUSD, or USDC and borrow for 25 consecutive days.

  3. To successfully form a team, the invited user must enter the inviter's Referral ID in the Survey before the end of the promotion period.

Note: To qualify for the rewards equivalent to 7 full days of USDC reward interest, both the inviter and the invited users must submit requests between 06-11-2024 04:00 (UTC) and 18-11-2024 03:59 (UTC).

Binance Loans (Flexible Rates) Offered Plans

Interest-free loan borrowing amount per user

(Amount of each flexible loan application)

Interest Free Days

For every user

Maximum reward per user

(Based on a borrowing amount of $10,000, and 7 days interest free)

5,000 to 10,000

7 days

40 USDC

Bonus Calculation

To illustrate the bonus calculation, we will use the following model.

User A (the inviter) invites User B (the invitee) to join the campaign. During the promotion period, User A places a new loan request of 10,000 USDC and User B borrows 5,000 USDC. Both Users A and B will hold the loan deals for 25 days. User B will then enter User A’s referral ID into the survey to indicate that User A and User B have teamed up.

  • User A Rewards:

    • Estimated total interest on the total loan (assuming an average interest rate of 9%): 10,000 * 9% * (25/365) = 61 USDC

    • Campaign Rewards: 61 * (7/25) = 17 USDC

  • User B Rewards:

    • Estimated total interest on the total loan (assuming an average interest rate of 9%): 5,000 * 9% * (25/365) = 30 USDC

    • Campaign Rewards: 30 * (7/25) = 8 USDC

قدّم طلب قرض مرن الآن

comments:

  • Inviters must fill out the survey to register for the offer for the team.

  • Each user can only join one team. Users from the same team can borrow different tokens.

  • A 24-hour borrowing period is counted as one day.

  • Rewards:

    • Rewards will be calculated based on the total interest of the total eligible borrowing amount during the offer period * (7/25), rounded to the nearest whole number.

    • Rewards will be distributed in USDC and will be distributed to the spot wallets of eligible users within three (3) weeks after the end of the campaign.

  • Please refer to Loan Data for the most up-to-date interest rates and a complete list of loanable assets and collateral assets.

  • Visit the Flexible Loans and Simple Earn Flexible Products FAQs for more information. Users interested in VIP Loans can also contact the Binance VIP Main Account Coverage Team via Telegram (@vip_loan_binance) for more information.

Terms and Conditions:

  • Only users who complete identity verification are eligible for rewards.

  • The offer is available to users who are eligible to use Binance Loans (Flexible Rates) only, and may not be available or may be prohibited in certain jurisdictions or regions, or to specific users, based on legal and regulatory requirements.

  • Terms and conditions apply to both Binance Flexible Loans and Simple Earn products.

  • Binance reserves the right to disqualify any participants who tamper with the Binance Software script, or interfere with the operation of the Binance Software script using any other software.

  • Binance reserves the right to disqualify any participants who it deems, in its reasonable discretion, to be acting fraudulently or in violation of the applicable Terms and Conditions.

  • Binance reserves the right to cancel or amend the Offer or its rules at its sole discretion.

  • Additional offer terms and conditions can be accessed here.

  • There may be a discrepancy between this original English content and any translated versions. Please refer to the original English version of the content for the most accurate information, if there is any discrepancy.

Thank you for your support!

Binance Team

2024-11-06

Disclaimer: USDC is an electronic money token issued by Circle Internet Financial Europe SAS ( https://www.circle.com/ ). The USDC technical guide is available here. You can contact Circle using the following contact information: +33(1)5900130 and email: EEA-Customer-Support@circle.com.

USDC holders have a legal claim against Circle SAS as the issuer of USDC in the EU. Such holders have the right to request the redemption of their USDC tokens from Circle SAS. Such redemption will be made at any time and at face value.