This is a general announcement. The products and services mentioned here may not be available in your area.
Dear members of the Binance community!
Binance Earn is excited to launch a promotion for SOL Fixed Products, BNB Fixed Products and Binance Earn -30>ETH staking. Subscribe to SOL fixed products, BNB fixed products, and/or ETH staking for multiple rewards:
A share of 38,500 PORTAL in airdrop rewards
Up to 8.1% APR in rewards with fixed SOL product positions
Earn up to 1.39% APR with BNB, plus rewards from Launchpool and Megadrop with BNB Fixed Products (where available);
Approximately 3% in dynamic rewards APR for staking ETH.
Promotion 1: Subscribe to SOL fixed products, BNB fixed products or ETH staking to share 38,500 PORTAL in airdrop rewards
Promotion period: from 03:00 05/14/2024 (in Kyiv) to 02:59 05/29/2024 (in Kyiv)
During the Promotion Period, users who meet all of the following requirements will be eligible to participate in this Promotion:
Subscribe to fixed SOL products minimum 1 SOL, or fixed BNB products minimum 0.5 BNB, or staking ETH minimum 0.05 ETH
All eligible users will be ranked by their respective net subscription amounts during the Promotion Period. The 500 most active users will be eligible for a share of the rewards listed in the table below.
Please note:
Net Eligible Subscription Amount = (Total Assets Subscribed to SOL and/or BNB Fixed Products – Total Assets Redeemed from SOL and/or BNB Fixed Products) + (Total WBETH Received from ETH Staking – Total WBETH Redeemed in ETH - the total amount of WBETH sold on the spot market)
Users who redeem existing fixed product positions created prior to the start of the promotion, only to recreate the same fixed product positions during the promotional period, will receive a net subscription amount equivalent to zero.
Example 1:
User A has a fixed product position of 10 SOL before the start date of the promotion. User A decides to redeem 10 SOL from the fixed products, participate in this promotion and subscribe 10 SOL for the fixed products during the promotion period.
User A's net corresponding SOL subscription amount is: 10 SOL - 10 SOL = 0
Example 2:
User B has a fixed product position of 10 SOL before the start date of the promotion. User B participates in this promotion and subscribes to fixed SOL products for an additional 5 SOL during the promotion period.
User B's net applicable SOL subscription amount: 5 SOL.
Example 3:
User B participates in this promotion and stakes 10 ETH, receiving 9.658 WBETH (based on conversion ratio). User B then decides to sell 9,658 WBETH during the promotion period.
User B's net corresponding subscription amount: 9.658 WBETH - 9.658 WBETH = 0.
Each User's Net Eligible Subscription Amount will be calculated based on the USDT equivalent value at the time Users subscribe and redeem during the Promotion Period.
Direct purchases of WBETH in the spot trading pair WBETH/ETH will not be counted towards the calculation of the net applicable subscription amount of the users during the promotion period.
Reward structure:
About Simple Earn, ETH staking, fixed BNB products and Megadrop and Launchpool rewards:
Simple Earn allows users to earn rewards by depositing their digital assets for indefinite or fixed terms. Users can subscribe to Simple Earn assets or redeem them at almost any time, thus maintaining flexibility and liquidity of their assets while receiving rewards.
ETH staking allows users to stake their Ethereum (ETH) tokens to support Ethereum network operations. By staking ETH on Binance, users contribute to the security and efficiency of the network, and in return receive WBETH tokens (ie, the tokenized representation of ETH staking and rewards).
Users can subscribe to fixed BNB products using their BNB assets at any time to earn these rewards:
Launchpool Rewards (if available)
BNB Rewards (see latest APR)
Megadrop Rewards (if available)
Only users in qualified countries/regions will receive automatic rewards from Megadrop and/or Launchpool for holding positions in fixed BNB products.
Users do not have to manually redeem their BNB assets from fixed BNB products to participate in the Launchpool.
The calculation of Launchpool rewards is the same regardless of whether users subscribe to fixed BNB products or stake their BNB directly to Launchpool.
In the event that multiple Launchpools are running at the same time, users' BNB in fixed products will automatically be allocated equally to each Launchpool to which the user is entitled.
Read more: Frequently asked questions about Megadrop and fixed BNB products, Binance expands Launchpool rewards for users with fixed positions in BNB products.
Terms and conditions:
Only users who have passed identity verification and confirmed their participation during the promotion period are eligible to claim rewards in this promotion.
Binance reserves the right to adjust the APR at any time without prior notice. Please review the Binance Simple Earn Terms of Use before using fixed products on the Binance Simple Earn platform and the Binance ETH Staking Terms and Conditions before using ETH staking.
Users can also refer to the Simple Earn fixed products and ETH staking guide for more information.
Each sub-account will not be treated as an independent account for participation in this promotion. The subscription amount on the sub-account will be combined with the standard subscription amount on the main account.
Rewards in PORTAL tokens will be distributed to eligible users by 02:59 06/31/2024 (Kyiv time), unless otherwise notified by Binance. Users will be able to find their rewards via Profile > Assets > Spot Wallet.
Binance reserves the right to disqualify any member who, in Binance's opinion, is acting fraudulently or not complying with the applicable terms of use.
Binance reserves the right to cancel or change the promotion or the rules of the promotion at its sole discretion.
Binance Simple Earn will redeem digital assets/digital currencies subscribed to Simple Earn Fixed Products and transfer them to Simple Earn Perpetual Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
Users can view their holdings in Fixed and Perpetual Simple Earn products by selecting Wallets > Earn.
Users can activate the Auto-Subscribe feature before subscribing to Simple Earn Fixed Products, which will automatically extend their existing Fixed Products position to a new position of the same duration upon expiry.
Unlock period for fixed products: One day.
About Early Redemption for Simple Earn Fixed Products: Users can redeem their assets early. After choosing to redeem early, digital assets will be returned to the spot account and users will not be eligible for rewards. Distributed rewards (accrued or not) will be deducted from the refunded principal amount. Receiving digital assets, in such a case, may take 48 to 72 hours.
Additional terms of the promotion can be viewed here.
There may be discrepancies in the English translation of this original article. Please refer to the original English version for the latest or most accurate information in case of inconsistencies.
Thank you for your support!
Binance command
14.05.2024
