This is a general announcement and marketing communication. The products and services mentioned here may not be available in your region.
Hello Binancians,
Binance Simple Earn is launching two promotions for Simple Earn USDC Flexible and Locked Products! During the Promotion Period, users who subscribe to the above-mentioned products are eligible to enjoy a promotion of up to 15% APR rate.
Promotion Period: 12-02-2024 at 07.00 WIB to 12-16-2024 at 06.59 WIB
Promotion A: Enjoy Promotional APR Rewards Up to 15% with USDC Flexible Products
New and old users qualify for Promotion A.
Subscription Format: Complete subscriptions on a first-come, first-served basis as per the terms below.
Reward Distribution:
Tiered APR Bonus: Distributed to users’ Spot Wallets daily. The first reward will be given the day after the accrual starts (two days after subscription).
Real-Time APR: Collected and instantly accumulated in the user's Earn Wallet every minute.
Products Offered
Promotion B: Earn New User Exclusive - Enjoy 15% Fixed APR Rewards with USDC Locked Products
Only new users who have never subscribed to a Simple Earn Locked Product before 12-02-2024 at 07.00 WIB are eligible to participate in Promotion B.
Subscription Format: Complete subscriptions on a first-come, first-served basis in accordance with the terms below.
Reward Distribution: Distributed to users’ Spot Wallets daily. The first reward will be given the day after collection starts (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 payment methods including Visa and Mastercard, Apple Pay, Google Pay, and wallet balances. Users can also deposit USDC into their Binance account.
Visit [Simple Earn], then search for USDC.
Select FLEXIBLE or 5 Days, then subscribe to Simple Earn USDC Flexible Product or Simple Earn USDC Locked Product to start earning rewards!
Terms & Conditions:
Changes to the Simple Earn Reward Tier will be published on the Platform from time to time. Please read Binance Simple Earn Terms & Conditions and Risk Warning for more information before using Simple Earn.
Binance Simple Earn will redeem the digital assets/digital currencies locked in the Simple Earn USDC Locked Product subscription to the Simple Earn USDC Flexible Product at the end of the agreed subscription period.
Reward:
Promotion A:
Tiered APR Bonus is offered as an additional reward in addition to Real-Time APR. After subscribing, Tiered APR Bonus rewards start accruing the next day at 07:00 WIB. Rewards will start being distributed the next day after accrual begins between 07:00 WIB and 15:00 WIB to the user's Spot Wallet.
All users who have open positions for USDC Flexible Products will receive Real-Time APR rewards and Tiered APR Bonus during the Promotion Period. After the Promotion ends, users will only be eligible for Real-Time APR rewards.
Tiered APR Bonus Rewards are calculated based on the number of subscriptions and are affected by each token's tier limit. Please read FAQ for more details.
Promotion B:
Reward Calculation Period: Starting at 07.00 WIB on the day after you subscribe to the Locked Product until the end of the subscription period.
Reward distribution: Distributed to users’ Spot Wallets daily. The first reward will be given the day after collection starts (two days after subscription).
The assets you deposit in Simple Earn can be lent to other Binance users (e.g., Margin Products and Crypto Lending).
A large number of redemption requests may result in temporary delays in redemptions. Redemptions may resume once liquidity is restored.
Users can view their Flexible and Locked Product assets by going to Wallet > Earn > Simple Earn.
Redemption time for Flexible Product subscriptions: Instant; Unlocking period for Locked Products: One day.
Early Redemption: Users may 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 the user’s Spot Wallet within 72 hours. However, in cases of extraordinary circumstances, the return of such assets may be delayed further. Please read our terms and risk warning for more details.
Binance reserves the right to disqualify participants who tamper with Binance's program code or interfere with the operation of Binance's program code with other software.
Binance reserves the right to disqualify any participant who acts fraudulently or does not comply with the applicable terms and conditions based on reasonable considerations.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional Promotion terms and conditions can be accessed here.
There may be differences between the original English content and the translated versions in other languages. Please refer to the original English version for the most accurate information if any discrepancies arise.
Thank you for your support!
Tim Binance
02-12-2024
Disclaimer: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). The USDC whitepaper is available here. You can contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
USDC holders have a legal claim against Circle SAS as the issuer of EU USDC. These holders have the right to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
