Dear Binancian,
Binance Simple Earn has launched two promotions for Simple Earn flexible and USDC-locked products! During the promotion period, users who subscribe to the above-mentioned products can enjoy promotional APR rates of up to 15%.
Promotion Period: 02/12/2024 00:00 UTC to 15/12/2024 23:59 UTC
Promotion A: Get rewarded with up to 15% promotional APR on USDC flexible products
New and existing users can participate in Promotion A.
Subscription Format: Subscribe on a first-come, first-served basis, in accordance with the terms and conditions set out below.
Distribution of rewards:
Bonus APR Level: Distributed daily to users’ Spot wallets. The first reward will be awarded the day after accumulation begins (two days after subscription).
Real-time APR: Accumulated and directly accrued in users' Earn wallets every minute.
Products offered
Promotion B: Exclusively for new Earn users. Get rewarded with a fixed 15% APR on USDC-locked products
Only new users who have never subscribed to Simple Earn locked products before 02/12/2024 at midnight (UTC) can participate in Promotion B.
Subscription Format: Complete your subscription on a first-come, first-served basis, in accordance with the terms below.
Reward Distribution: Distributed daily to users’ Spot wallets. The first reward will be awarded the day after accumulation begins (two days after subscription).
Products offered
How to get started with USDC flexible and locked products?
Users can purchase USDC on the Buy Crypto page, which supports multiple payment methods including Visa and Mastercard, Apple Pay, Google Pay, and wallet balances. Users can also deposit USDC into their Binance account.
Go to [Simple Earn] and search for USDC.
Select FLEXIBLE or 5 days, and subscribe to Simple Earn USDC Flexible Products or Simple Earn USDC Locked Products to start earning rewards!
Start earning now!
General conditions:
Changes to the Simple Earn reward rate will be posted on the Platform from time to time. Before using Simple Earn, please refer to Binance France Terms and Conditions and Risk Warning for more information.
Binance Simple Earn will exchange the digital assets/digital currencies locked in Simple Earn USDC locked product subscriptions into Simple Earn USDC flexible products at the end of the agreed subscription period.
Awards:
Promotion A :
Bonus APR Level is offered as an additional reward on top of the Real-Time APR. Upon subscription, Bonus APR Level rewards begin accruing the following day starting at midnight (UTC). Rewards will begin to be distributed to the user’s Spot Wallet the day after accrual begins, between midnight (UTC) and 08:00 (UTC).
All users who hold open positions for USDC flexible products will receive both Real-Time APR and Bonus APR Tier rewards during the Promotion Period. Once the Promotion ends, users will only be eligible for Real-Time APR rewards.
Bonus APR Tier rewards are calculated based on the amounts subscribed and are subject to the respective Tier cap for each token. Please refer to the FAQ for more information.
PROMO A - For new and existing Earn users - Here's how your APR on USDC breaks down:
🔸 Real-time APR: about 6%
🔸 Bonus APR: 9% bonus APR up to 500 USDC
To summarize, by subscribing to an Earn Flexible contract on 500 USDC, you will benefit from an annual APR of up to 15%!
🗓 Offer valid until 12/15/2024 at 11:59 p.m. (UTC)
Promotion B :
Reward Calculation Period: From 00:00 (UTC) the day after you subscribe to the locked products, until the end of the subscription period.
Reward Distribution: Distributed daily to users’ Spot wallets. The first reward will be awarded the day after accumulation begins (two days after subscription).
PROMO B - For new Earn users - Here's how your APR on USDC breaks down:
🔸 15% APR up to 500 USDC
🔸 For 5 days
To summarize, by subscribing to an Earn Flexible contract on 500 USDC, you will benefit from an annual APR of up to 15%!
🗓 Offer valid up to the max subscription limit for all users of 100,000 USDC
Assets you deposit into Simple Earn can be lent to other Binance users (e.g., margin and crypto lending products).
The reimbursement period for subscriptions to flexible products is instantaneous.
Please note that a large volume of refund requests may temporarily delay a refund. Refunds may resume as soon as the funds are returned.
Users can view their assets in Flexible and Locked products by going to Wallets > Earn > Simple Earn.
The repayment period for flexible product subscriptions is instant and the unlocking period for locked products is one day.
Early Redemption: Users may request early redemption on Simple Earn locked products, but all rewards received will be forfeited. The full balance of locked assets, less any rewards distributed during the period, will be returned to the user’s Spot Wallet within 72 hours. In exceptional circumstances, redemption of such assets may take slightly longer. Please refer to our Terms of Use and Risk Disclaimer for more information.
Binance reserves the right to disqualify any participant who tampers with the Binance Program code or interferes with the operation of the Binance Program code using other software.
Binance reserves the right to disqualify any participant who, in its reasonable opinion, acts fraudulently or fails to comply with the applicable terms and conditions.
Thank you for your support!
The Binance Team
02/12/2024
Disclaimer: USDC is an electronic currency token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). The USDC whitepaper is available here. You can contact Circle at the following contact details: +33(1)59000130 and EEA-Customer-Support@circle.com.
USDC holders have a claim against Circle Internet Financial Europe SAS as the European issuer of USDC. These holders have the contractual right to request the redemption of the USDC. This redemption will be made at any time and at the nominal value.
Earn products carry risks. Please note that (i) digital assets are particularly volatile assets and may be inappropriate for you and your profile, so you should only invest in products that you are familiar with and whose risks you understand (ii) digital assets may include a risk of capital loss and a risk of loss of value of your capital and (iii) past performance is not a reliable indicator of future returns. In particular, the yields ("APR" or "APY") offered to you may vary every minute. The yield displayed at the time of your subscription is not guaranteed for the duration of the subscription. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. For more information, see our Terms of Use and Risk Warning.
