This is a general announcement. The products and services mentioned here may not be available in your region.

Caros Binancers,

Binance Simple Earn is pleased to announce an update to IoTeX (IOTX) Locked Products. Complete IOTX sign-ups on Simple Earn Locked Products during the promotion period to get up to 11.9%* APR in rewards!

IOTX Locked Products Mechanism

  • Promotion Period: Entries must occur between 07:00 on 06/13/2024 (BRT) and 06:59 (BRT) on 07/13/2024 to be considered eligible.

  • Registration format*: on a first-come, first-served basis. Minimum registration amount, maximum limits, and duration requirements apply and will affect your APR. Please see the table below and the notes in this announcement for more details.

  • Reward calculation period: from 21:00 (BRT) on the day of completion of eligible registration in Locked Products, until the end of the registration period.

  • Rewards distribution: daily.

Products offered (Blocked Products)

Digital asset

Duration

APR During Promotion Period

Min limit registration per user

Max limit registration per user

IOTX

30 days

7,9%

1 IOTX

4.000.000 IOTX

60 days

9,9%

1 IOTX

2.000.000 IOTX

90 days

11,9%

1 IOTX

1.000.000 IOTX

How to Get Started with IOTX Locked Products

  1. Go to [Earn] and search for IOTX.

  2. Select Duration and sign up with IOTX to start earning up to 11.9% APR daily!

Sign Up Now!

Notes:

  • Binance reserves the right to adjust APRs at any time after the promotion period without prior notice. Please review the Binance Simple Earn Terms and Conditions before using any product on the Binance Simple Earn platform.

  • Binance Simple Earn will redeem digital assets/currencies enrolled in Simple Earn Locked Products for Flexible Products at the end of the agreed subscription period. The value of digital assets/currencies fluctuates and is subject to change.

  • Users can view their subscriptions to Locked Products by going to Wallet > Earn > Simple Earn > Blocked.

  • Users can enable the "Auto-Enroll" function before completing Locked Product sign-ups, which will automatically renew users' existing Locked Product position into a new position of the same duration upon expiration.

  • Unlock period for Locked Products: one day.

  • Frequently Asked Questions (FAQ) about Blocked Products.

  • About early redemption for Simple Earn Locked Products: Users can redeem their assets early. After choosing early redemption, digital assets will be returned to the spot account and users will not be entitled to any rewards (accrued or otherwise). Any reward distributed will be deducted from the principal amount returned. It may take 48 to 72 hours for you to receive the digital assets back to your Spot account.

  • Note: The promotional APR offered by Binance is provided partially through a sponsored partnership with our token partner. This collaboration allows us to provide a competitive and/or boosted APR to our valued Binance users. 

  • There may be discrepancies in the translated version of this original article in English. Please refer to the original version for the most recent or accurate information where discrepancies may arise.

Thank you for your support!

Binance Team

13/06/2024