This is a general announcement and marketing communication. Products and services mentioned may not be available in your region.

Hello Binancian:

Binance Simple Earn announces the launch of two promotions for IOST Flexible Products. During the promotion period, users who subscribe IOST to Simple Earn Flexible Products will enjoy a 20% tiered bonus APR rate in addition to real-time APR rewards. Users who subscribe during the promotion period will also be able to earn up to 20,000 IOST in token vouchers.

Promotion period: from December 18, 2024, at 00:00 (UTC) to January 17, 2025, at 23:59 (UTC)

Promotion A: enjoy a 20% tiered bonus APR with IOST Flexible products

  • Subscription format: complete subscriptions on a first-come, first-served basis according to the following terms.

  • Distribution of rewards:

    • Tiered bonus APR: distributed to users' Spot wallets daily. The first reward will be delivered the day after accumulation starts (two days after subscription).

    • Real-time APR: accrues and accumulates directly in users' Earn wallets every minute.

Products offered

Digital asset

Duration

APR during the promotional period

Minimum subscription limit per user

Maximum subscription limit per user

IOST

Flexible

Real-time APR

(approx. 1%)

+

20% tiered bonus APR

(Level: 0.1 - 80,000 IOST)

0.1 IOST

50,000,000 IOST

Promotion B: subscribe IOST to Flexible products to earn up to 20,000 IOST

  • All users who confirm their participation and reach a net subscription amount of at least 2,000 IOST in IOST Flexible products during the promotional period will be ranked according to their net subscription amount in these products during the promotional period.

  • The 500 eligible participants with the highest net subscription amount will qualify to receive rewards in IOST token coupons, according to the reward structure outlined below.

  • Net subscription amount in IOST Flexible products = total amount of IOST subscribed to Flexible products - amount of IOST refunded from Simple Earn Flexible products

Reward structure:

Ranking by net subscription amount to IOST Flexible products

Rewards per eligible user (in IOST token coupons)

Places 1 to 10

20,000 IOST

Places 11 to 50

5,000 IOST

Places 51 to 150

2,000 IOST

Places 151 to 500

1,000 IOST

How to start using IOST Flexible products:

  1. Users can buy IOST through the Buy Crypto page, which supports various payment methods, such as Visa and Mastercard, Apple Pay, Google Pay, and wallet balances. Users can also deposit IOST into their Binance accounts.

  2. Go to [Simple Earn] and search for IOST.

  3. Select FLEXIBLE and subscribe to the IOST Flexible products in Simple Earn to start earning rewards.

Start generating earnings!

Terms and Conditions:

  • Changes to the Simple Earn Reward Rate will be published on the platform from time to time. Please refer to the Binance Simple Earn Terms and Conditions and the Risk Warning for more information before using Simple Earn.

  • Rewards:

    • Promotion A:

      • The tiered bonus APR rate is offered as an additional reward to the real-time APR rate. After subscription, tiered bonus APR rewards begin to accumulate the next day starting at 00:00 (UTC). The distribution of rewards will begin the day after accumulation starts, between 00:00 (UTC) and 08:00 (UTC), and will be deposited into the user's Spot wallet.

      • All users holding open positions in IOST Flexible products will receive real-time APR rewards and tiered bonus APR during the promotional period. Once the promotion ends, users will only be entitled to receive real-time APR rewards.

      • Tiered bonus APR rewards are calculated based on the subscribed amounts and are subject to the limit per corresponding level for each token. Check the FAQ for more details.

    • Promotion B:

      • Reward coupons will be distributed within 3 weeks after the promotion ends. Users can claim their reward coupons from Profile > Reward Zone.

      • Token coupons will expire 30 days after their distribution. Eligible users must claim the coupons before the expiration date. Find out how to redeem a coupon.

  • The assets you deposit in Simple Earn may be lent to other Binance users (e.g., in Margin and Crypto Loans products).

  • A large number of refund requests may temporarily delay your refund. Refunds typically resume after liquidity is returned.

  • Users can view their Flexible product assets through Wallets > Earn > Simple Earn.

  • Refund time for subscriptions to Flexible products: immediate.

  • Binance reserves the right to disqualify participants who manipulate the Binance program code or interfere with the functioning of the program code with other software.

  • Binance reserves the right to disqualify, at its reasonable discretion, any participant who acts fraudulently or fails to comply with the applicable Terms and Conditions.

  • Binance reserves the right to cancel or modify the Promotion or the Promotion Rules at its sole discretion.

  • You can access additional terms and conditions of the promotion here.

  • There may be discrepancies between the translated version and the original English version of this announcement. In case of discrepancies, please refer to the original version for the most accurate information.

Thank you for your support!

The Binance team

12/18/2024