This is a general announcement. The products and services described here may not be available in your area.
Dear Binance Community Members,
Binance Earn is launching a promotion for BNB Fixed-Term Products. Use more BNB to subscribe, subscribe for a longer fixed term, subscribe early during the promotion, and turn on the auto-subscribe feature to get the most points for your BNB and earn multiple rewards:
Share rewards up to 1 million $ in OM and USDC;
Get a chance to win a $50,000 voucher in USDC, equivalent to the cost of a premium electric vehicle, and also;
Earn rewards in BNB, as well as rewards from Launchpool, Megadrop, and airdrops for HODLers for positions with fixed-term products for BNB (if available).
Promotion period: from 24.12.2024 03:00 to 13.01.2025 02:59 (UTC+3).
How to participate
Click Register on the promotion page.
Complete tasks for Promotion A and Promotion B.
Promotion A. Subscribe to fixed-term products for BNB and earn maximum points for BNB to share 273,000 OM and 50,000 USDC in rewards.
Eligible users must subscribe for at least 0.5 BNB to fixed-term products for BNB to qualify for promotion A. Users can earn more points for BNB by using more BNB, subscribing for a longer fixed term (e.g., 120 days), subscribing as early as possible during the promotion, and enabling the auto-renewal feature.
Eligible users will be ranked by their total BNB points in the leaderboard and can share rewards as outlined in the table below.
Reward Structure
Reward Calculation: points-based mechanism for fixed-term products for BNB
Total BNB points will be calculated as follows:
Total BNB points = total amount in BNB used to subscribe to fixed-term products * fixed-term multiplier * promotion period multiplier * auto-renewal multiplier
Point Counting System:
Subscription amount for fixed-term products for BNB: total amount of BNB subscribed to fixed-term products during the promotion period. Note that if any position with a fixed-term product is closed during the promotion period, the subscription amount for fixed-term products for BNB for that position will be negative, leading to a deduction from the total BNB points.
Positions with auto-renewal that are extended during the promotion will count towards the total BNB points.
Any existing positions with fixed-term products for BNB that expire during the promotion with auto-renewal turned off will not be deducted from the total BNB points.
Fixed-term multiplier: a multiplier based on the duration of the fixed term of the product (e.g., 120 days). Longer terms will have higher multipliers.
Promotion period multiplier — a multiplier based on the number of days until the last day of the promotion when the subscription or redemption occurred. The promotion lasts 20 days from 24.12.2024 03:00 to 13.01.2025 02:59 (UTC+3). Longer subscription periods will have higher multipliers. If you close a position with a fixed-term product for BNB early, it may be counted negatively depending on how early you close it, resulting in a penalty and deduction from the total BNB points.
Auto-renewal multiplier: this indicator relates to the auto-renewal feature for fixed-term products for BNB. Users can refer to the Frequently Asked Questions section to learn how to enable the auto-renewal feature. Until 13.01.2025 02:59 (UTC+3), users who enable the auto-renewal feature will receive a multiplier of 1x, while users who do not enable the auto-renewal feature will receive a multiplier of 0.5x. Early termination of all positions, regardless of whether auto-renewal is enabled during the promotion, will still be calculated as a 1x multiplier.
Examples of total BNB points calculation
Promotion B. Subscribe to fixed-term products for BNB for a chance to win $50,000 in USDC tokens (the cost of a premium electric vehicle)
Qualified users who subscribe to fixed-term products for BNB and hold at least 3 BNB with the auto-renewal feature enabled by 13.01.2025 02:59 (UTC+3) will be eligible to participate in Promotion B. On 15.01.2025 at 02:59 (UTC+3), we will use the BNB Smart Chain hash value to automatically select one qualified user with the highest number of consecutive numbers in their UID as the winner. The selected winner will receive a voucher worth $50,000 in USDC, equivalent to the cost of a premium electric vehicle.
About MANTRA (OM)
OM is the native coin of MANTRA, a layer one blockchain specifically designed for tokenized real assets. MANTRA is a public blockchain that enables developers and institutions to seamlessly participate in the evolving RWA tokenization industry and offers advanced technological modules, compliance mechanisms, and cross-chain compatibility. The OM token has several key functions within the MANTRA ecosystem, including enhancing network security through staking, protocol governance, transaction fee payment, and use as incentives to encourage user participation and network growth.
About Simple Earn fixed-term products for BNB
Simple Earn fixed-term products allow users to earn higher daily rewards by utilizing their digital assets in products with various fixed terms.
Users can subscribe to fixed-term products for BNB using their BNB tokens at any time to earn the following rewards:
Launchpool rewards (if available);
rewards in BNB (check the current APR).
rewards from Megadrop (if available);
Airdrops for HODLers (if available).
Only users from participating countries/regions will be able to automatically receive rewards for Megadrop, airdrops for HODLers, and/or Launchpool if they have positions in fixed-term products for BNB.
Users do not need to manually withdraw assets from fixed-term BNB products to participate in Launchpool projects.
Launchpool rewards are calculated the same way regardless of whether users subscribed to fixed-term BNB products or used BNB for staking directly on Launchpool.
If multiple projects are available on Launchpool simultaneously, the users' BNB balance in fixed-term products will be automatically evenly distributed for each project on Launchpool that the user is eligible for.
Additional information: Frequently Asked Questions about Megadrop and fixed-term products for BNB, Binance expands Launchpool rewards for users with positions in fixed-term products for BNB.
Terms and Conditions
Only users who complete verification and register to participate in the promotion during its duration will be eligible to receive rewards for participating in the promotion.
Users can also refer to the frequently asked questions in the Simple Earn fixed-term products section for additional information.
Sub-accounts will not be considered separate accounts for this promotion. The subscription amount in sub-accounts will be combined with the standard subscription amount in the main account.
The rewards in this campaign are funds from the respective protocol team provided to Binance specifically to facilitate promotional campaigns.
Reward Distribution
Rewards in the form of OM and USDC tokens will be credited to eligible users by 21.02.2025 02:59 (UTC+3), unless otherwise specified by Binance. Users can view their rewards in the 'Profile > Assets > Spot' section. The reward distribution transaction can be viewed in the 'Wallet > Transaction History > Spot > Distribution' section.
Binance will use the OM/USD exchange rate of ~$3.48 on 10.12.2024 to calculate the total reward in USD.
Binance will use $50,000 as the total market valuation of a premium electric vehicle, as determined on 10.12.2024, and will then reward the selected user with an equivalent amount in the form of a USDC token voucher. The reward does not include taxes, shipping costs, or any other additional charges.
The winner who will receive $50,000 in tokens (equivalent to the cost of a premium electric vehicle) will be announced on social media with a masked UID on 31.01.2025, and the rewards will be distributed in the form of a USDC token voucher.
Token vouchers are subject to additional conditions. All vouchers expire within 14 days after distribution. Winners must claim their vouchers before they expire. Learn how to use a token voucher.
Binance reserves the right to disqualify any participants who are reasonably suspected of fraud or violations of applicable terms and conditions.
Binance reserves the right to cancel and amend the promotion and its rules at its discretion.
Users can view their assets in Simple Earn fixed-term products in the 'Wallet > Earn' section.
Users can enable the auto-renewal feature during the subscription to Simple Earn fixed-term products for BNB. Then, after the established term, existing subscriptions to fixed-term products will be automatically renewed for the same term.
Unlocking period for fixed-term products: one day.
About early termination of Simple Earn fixed-term products: users can withdraw their assets early. In this case, we will return the assets to the spot account, but users will not be able to receive rewards. We will deduct any distributed rewards (accrued or otherwise) from the principal amount of digital assets that we return to users. The return of digital assets may take from 48 to 72 hours.
Additional promotion conditions are available here.
Binance reserves the right to disqualify any participants who interfere with Binance code or interfere with the operation of Binance code using other software.
There may be discrepancies between the original English content and any translated versions. Please refer to the original English version for the most accurate information in case of discrepancies.
Thank you for your support!
The Binance Team
24.12.2024
