This is a general announcement and the products and services mentioned here may not be available in your area.
Dear user:
The Binance currency lending platform will launch a limited-time event for new current currency borrowing users.
Event period: 10:00 on May 29, 2023 to 07:59 on June 12, 2023 (GMT+8)
The first 2,000 new current currency borrowing users who meet the following conditions will each receive BETH tokens equivalent to US$2.50.
Confirm your participation in the limited time event.
And before 07:59 on June 12, 2023 (East Eight District time), complete the first demand loan using BETH as collateral and at least 100 USDT equivalent.
After completing the loan, the minimum loan amount for participating in the current loan position is 100 USDT equivalent and must be maintained for at least five days.
Please note: BETH pledged through Binance Current Loans will continue to earn ETH staking rewards. For more information, please see this announcement.
Guidelines and related information:
What is BETH and how to use it
FAQs on Binance Debit and Earn Debit Products
Terms and conditions for Binance Flex Loans, Flex Earn products, and ETH staking.
terms and conditions:
This limited-time event is only available to new current loan users.
Users must register here to participate and complete their first current loan of at least 100 USDT in any borrowable cryptocurrency using BETH as collateral to be eligible for rewards. Please refer to the loan information for the latest interest rates and a full list of borrowable assets.
As long as the user completes his first current loan order before 07:59 (ET) on June 12, 2023, and meets the above requirements, the minimum loan amount for participating in the current loan position is 100 USDT equivalent, and is maintained for at least five days. You will be eligible for the reward. During the event, users can still make partial repayments for their current loans.
Currently, Binance Current Loans only supports repayments in the same cryptocurrency that was borrowed.
Reward Distribution:
Each qualified user will receive a BETH token voucher worth $2.5. The rewards will be distributed on a first-come, first-served basis.
Binance will calculate and distribute BETH token rewards based on the BETH/USDT exchange rate at 08:00 (ET) on June 12, 2023.
All Tokens will be distributed to eligible users by 18:00 (ET) on June 22, 2023. Users will be able to log in and redeem their Token rewards via Profile > Rewards Center.
The redemption period for token vouchers is set at 14 days from the date of distribution. Learn how to redeem your token vouchers.
Binance reserves the right to immediately disqualify any participant who exhibits fraudulent behavior or fails to comply with any applicable terms and conditions.
Binance reserves the right to modify or change these terms and conditions at any time at its sole discretion without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, and the time limit for taking any action, and all participants shall be bound by such revised terms.
In the event of any discrepancy between the translated version and the English original, the English version shall prevail.
Thank you for your support!
Binance Team
May 29, 2023
