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Simple profit conditions from Binance
Last updated: May 29, 2024
a. Accept these terms
By subscribing to the Simple Earn Services, you acknowledge and agree that you do and will abide by these Simple Earn Terms of Service (“Simple Earn Terms”), as updated and modified from time to time. By accessing and/or using the Simple Earn Services, you agree that you have read and understood these Simple Earn Terms, as well as any documents or additional terms referred to in these Simple Earn Terms. If you do not understand and accept these Simple Earn Terms in their entirety, you must not use the Simple Ear Services.
B. Scope of these Terms and Changes
These Terms specifically govern your access to and use of the Simple Earn Digital Asset Service and any additional services provided by Binance (“Simple Earn Services”) in accordance with these Simple Earn Terms. Simple earning services consist of the following:
a. Simple and flexible gain; And
B. Simple earning believer
These Simple Earn Terms are supplemental and should be read in conjunction with the Binance Terms of Use available here (“Terms of Use”) and the provisions set forth in the Terms of Use will remain in effect. All terms and conditions contained in these Terms of Use (except to the extent expressly modified herein) are incorporated by reference and have the same force and effect as if they were fully set forth in these Simple Earn Terms. These simple earning conditions constitute the product conditions. References in the Terms of Use to the Binance Services shall include references to the Simple Earn Services set forth below. In the event of any conflict or inconsistency between the Simple Earn Terms and the Terms of Use, these Simple Earn Terms will control with respect to the Services set forth below, unless expressly stated otherwise.
Binance may make changes to these Simple Earn Terms (or any terms or information incorporated by reference) at any time in accordance with the Terms of Use.
C. Disclosure and consent
By signing up for the Simple Earn offer, you can earn Simple Earn rewards, in exchange for supplying your Simple Earn assets to Binance. Simple Earn Rewards are not guaranteed or fixed, and rates and timing of Simple Ear Rewards may vary.
Simple Earn Assets used to subscribe to the Simple Earn Offer will not be separated from the digital assets of others. Simple Earn assets can be integrated into hot wallets and cold wallets with digital assets belonging to Binance Group entities and clients of Binance Group entities globally. You will not have the right to redeem any specific Digital Assets, but please see Section F “Flexible Simple Profit Redemption” and Section I “Locked Simple Profit Redemption” below.
Simple Earn Assets may be used, at Binance's sole discretion and without prior notice, for operating purposes by Binance Group entities including, but not limited to, loans made to other Binance clients and Binance affiliates globally under margin and loan products. In addition, the Simple Earn assets shared in Locked Simple Earn may also be used by the Binance group of entities for on-chain staking activities in a tightly controlled manner. Any use of Simple Earn Assets for operational purposes will be subject to strict policies and express restrictions regarding how Simple Earn Assets may be deployed.
Your Simple Earn Assets may be redeemed subject to the terms of the Simple Earn Offer to which you have subscribed and Binance will return your redeemed Simple Earn Assets in full, in the same quantity and type of Digital Assets for which you have subscribed. However, the use of Simple Earn Assets for operating purposes (including borrowings under margin products, loans and on-chain mortgage activities) may be subject to various risks. In exceptional circumstances, these risks may negatively impact Binance's ability to return your Minimum Assets in full or at all.
Please refer to the Risk Factor Statement for a brief overview of some (but not all) of the risks that may arise from signing up for digital assets in the Simple Earn Offer, including the risks that may arise from your Simple Earn assets being used by the Binance Group Entities for the purposes of... Employment. Although Binance takes all reasonable precautions to minimize the risks described in the Risk Factor Statement and to protect the return of Simple Earn Assets to Users in accordance with these Simple Earn Terms, in extreme and exceptional circumstances Binance may not have sufficient assets readily available to return Simple Earn Assets to Users in Right time. This could result in the loss of some or all of your minor assets. These exceptional circumstances could arise, for example, following a catastrophic hack or technical failure, the default of a large number of borrowers to whom loans were provided under margin and loan products at the same time, or Margin Lockout Fund exhaustion, systemic risk or other black swan events affecting the cryptocurrency market as a whole. No entity in the Binance Group makes any representation or warranty that Simple Earn is suitable for (a) any user or location, or (b) That the transactions and services described in these Simple Earn Terms are (or will remain) available or appropriate to any user or in any location. You are strongly advised to review these Simple Earn Terms carefully and seek independent professional advice as to whether the Simple Earn Services are suitable for you taking into account your personal circumstances, objectives, financial situation and risk tolerance.
By accepting these Simple Earning Terms, you hereby unconditionally and irrevocably; (a) You confirm that you understand, accept and assume full responsibility for participating in Simple Earn as well as any and all risks associated with your participation in the Simple Earn Offering, including without the limitation of risks described in the Risk Factor Statement, (b) expressly agree to and grant to the Binance Group Entities all rights necessary for Binance Group entities to use your Simple Earn Assets as described in these Simple Earn Terms and any associated risks, and (c) carefully evaluated whether Simple Earn Services are suitable for you. Dr.. How to participate in the Simple Earn program
When you provide digital assets to Binance for Simple Earn purposes, you will be asked to agree to and confirm some or all of the following terms on the platform:
a. The type of digital assets you will use to subscribe;
B. The amount of the specific digital assets you will use to subscribe;
C. The Simple Earning Rate applicable at the time of sign-up, which is subject to change at a future date in accordance with these Simple Earning Terms;
Dr.. Whether the simple gain display is a flexible simple gain or a locked simple gain; And
H. If you subscribe to Locked Simple Earn, Locked Simple Earn Term and Locked Distribution Recurrence.
You will not be able to subscribe to Locked Simple Earn between 23:50 UTC and 00:10 UTC each day. When you participate in the Simple Profit Offer, your assets will be treated as received by Binance, provided that Binance reserves the right, at any time and from time to time in its sole discretion and without prior notice, to:
a. Reject or remove any Digital Assets or Simple Earning Assets from the Program;
B. Determine the minimum or maximum amount of Simple Earn Assets required to subscribe to the Simple Earn Offer;
C. Limit, introduce, change or cancel subscription limits that may apply from time to time;
Dr.. Mandatory recovery or return of all or part of the Simple Earn assets of any User.
e. Simple, flexible profit
Digital assets subscribed to Flex Simple Earn can be redeemed at any time. Simple Rewards vs. Flexible Earning Simple Rewards include real-time bonuses and tiered bonuses (where applicable).
“Real-time rewards” are simple rewards that you earn:
a. Start accumulating rewards at the real-time rewards rate from the moment you sign up;
B. It will be distributed to your Simple Earn account the moment after it is due;
C. It is calculated every minute in relation to the relevant Simple Earn Assets in your Simple Ear Account on a compounded basis;
Dr.. is distributed in the form of the Digital Asset to which you have subscribed, unless the relevant Simple Earn Offer expressly states otherwise; And
H. It is rounded to a number of decimal places determined by Binance in its sole discretion, which may vary depending on the digital asset.
The real-time bonus rate may vary from minute to minute. Any real-time reward price change will apply as of the entire next minute and will continue to apply until the next change becomes effective. The real-time reward rate is determined by Binance taking into account a variety of factors and may vary from time to time at Binance's discretion.
Binance may from time to time in its sole discretion offer additional tiered rewards in connection with one or more Simple Earn Offers, which will be paid in addition to the applicable real-time rewards.
“Tiered bonuses” are simple bonuses that earn you the following:
Start accumulating bonus levels from the day after you sign up for the relevant Simple Flexible Earn Offer. Bonus rewards will be accumulated on a daily basis and will be prorated based on a 365-day calendar year. No additional Tiered Rewards will be accrued or paid in relation to the day on which you subscribed to the relevant Flexible Simple Profit Offer;
It will be distributed to your Spot Account on the day after it is due, between 00:00 UTC and 08:00 UTC;
Calculated daily based on the relevant Simple Earn assets in your Simple Earn account as of 00:00 UTC, but excluding all tiered bonuses. In other words, bonus rewards are not compounded;
They are calculated by reference to the Tier Rewards rate applicable at 00:00 UTC on the day on which the Tier Rewards accrue;
is distributed in the form of the Digital Asset to which you have subscribed, unless the relevant Simple Earn Offer expressly states otherwise; And
It is rounded to a number of decimal places determined by Binance in its sole discretion, which may vary depending on the digital asset.
The rate of additional tier rewards may vary from time to time as determined by Binance in its sole discretion. Any change in the Tiered Rewards rate will take effect as of the time and date specified by Binance, and if none, the change will take effect at 00:00 UTC on the day Binance announces the change in the Tiered Rewards rate.
Your eligibility to receive all or a portion of any applicable Tiered Reward Rate may be conditional on your meeting or complying with any applicable Reward Criteria and will be subject to any applicable Reward Terms.
And the. Payback from flexible simple profit
Redemption of Simple Earn Assets may be requested from Flexible Simple Earn at any time. Your Simple Earn Assets will be returned to your Spot Account immediately upon redemption request, and you will continue to accrue and distribute real-time rewards in respect of the redeemed Simple Earn Assets until they are returned to Your Spot account. If you redeem only a portion of your Simple Earning Assets, the Simple Earning Assets that you have not redeemed will continue to receive real-time rewards.
Tiered Rewards will not be accrued or distributed to your Instant Account against redeemed assets in connection with the day on which you elect to redeem your Simple Earning Assets from Flexible Simple Earning. If you redeem only a portion of your Simple Assets, you will not earn additional Redemption Day Tiered Rewards with respect to the portion of assets redeemed, but you will continue to earn additional Tiered Rewards with respect to the Assets that are not redeemed.
The return of the assets you have redeemed from Flexible Simple Earning to your Spot account may be delayed in exceptional circumstances, which may include, but are not limited to, extreme market volatility, network outages and delays, validator or protocol failure, and a large number of simultaneous redemption instructions from users. Binance others, or other unexpected events. Please refer to our Risk Factor Statement for more information about some (but not all) of the risks that may be associated with participation in Simple Earn.
Binance may, at its discretion, determine the minimum and maximum amount of Simple Earn assets available for redemption from Flexible Simple Earn each day. Binance may also, at its discretion, change the minimum and maximum amount from time to time without prior notice to you.
Simple elastic gain: example
You are subscribing to the ABC Digital Assets Simple Profit Offer. The tiered bonus rate is 10%. The bonus condition is that bonuses with additional levels are only applied to the maximum of 5,000 ABC that you used to subscribe. You stake using 10,000 ABC digital assets for simple and flexible gains.
I signed up on Monday at 12:00 UTC.
Real-time rewards
Real-time rewards start accumulating immediately upon signing up for the Simple Earn digital asset “ABC” offering. Rewards are calculated in real time every minute based on the “ABC” of digital assets in your Simple Earn account and are distributed to your Simple Earn account in the immediate next minute to accrue.
Assuming the real-time bonus rate is 2% during the first minute. The following amount is distributed to your Simple Earn account on Monday at 12:01 UTC as real-time rewards:
10000 × (2% × 1 / 365 / 24 / 60) = 0.00038051 ABC
Tiered rewards
You do not earn additional tiered rewards in relation to the day on which you subscribed to the “ABC” Digital Assets Simple Earning Offer (Monday). Additional tiered rewards begin accruing the day after you sign up (Tuesday) and are distributed to your Spot account the day after they accrue (Wednesday). In this example, you will earn additional tiered rewards based on a maximum of 5,000 ABC digital assets according to the bonus terms.
The following amount will be distributed to your instant account on Wednesday as additional tiered bonuses:
5000 x 10% x 1 day / 365 = 1.36986301 ABC
Salvation
You can redeem on Wednesday at 12:00 UTC. From Monday at 12:00 UTC (the time you signed up) until you redeem, both the real-time bonus rate (2%) and tiered bonus rates (10%) remain unchanged.
You've earned 2,880 minutes of real-time rewards and 1 day of tiered bonus rewards.
The amount of Digital Assets “ABC” that you will receive in your Instant Account in connection with your redemption will be calculated as follows:
Sign-up amount + real-time bonuses + tiered bonuses
= (10,000 x (1 + (2% x 1 / 365 / 24 / 60))*2,880 + (5,000 x 10% x 1 day / 365)
= 10001.09595044 + 1.36986301 = 10002.46581345 ABC
In total you have won 2.46581345 ABC.
This example is intended to illustrate how Simple Earn Rewards is calculated. It is not intended to make any representation of the performance of particular digital assets nor the volatility of particular digital assets or the digital asset markets in general. The digital assets used in this example are fictional.
G. Flexible automatic subscription
You may direct Binance to automatically transfer one or more Simple Earn Eligible Digital Assets from your Spot Account to your Simple Earn Accounts (“Flexible Auto-Subscription”).
If you elect automatic flexible opt-in in respect of one or more Eligible Simple Earn Digital Assets, Binance will transfer all digital asset holdings of the relevant Eligible Simple Earn Digital Asset from your Spot Account to your Simple Earn Account at 02:00 EST. Coordinated Universal Time and 16:00 UTC every day.
Once transferred to your Simple Earn account, eligible Simple Earn digital assets will be subscribed to the flexible Simple Earn offerings provided to you by Binance, and will form part of your Simple Earn assets. Simple Earn Rewards will be calculated and distributed to your Simple Earn Account and your Spot Account in accordance with these Simple Earn Terms.
Binance reserves the right to refuse to act or to cease acting on your instructions for flexible automatic subscription, at any time in its sole discretion and without prior notice. Binance may refuse to act or cease acting on Flexible Automatic Subscription Instructions for any reason or no reason at all, including without limitation, if the subscription limit for a particular Flexible Simple Profit Offer is reached.
H. Simple earning believer
Digital assets shared in Locked Simple Earn cannot be redeemed until the end of the relevant Locked Simple Earn term. Earn Simple Rewards for Locked Simple Earning:
a. Start accumulating the Locked Simple Rewards rate from the day after you sign up for the relevant Locked Simple Earning Offer. Simple Earn Rewards will be accumulated on a daily basis and will be prorated based on a 365-day calendar year. No Simple Earner Rewards will be accrued or paid in respect of the day on which you subscribed to the relevant Simple Earner Locked Offer;
B. be distributed in the form of the Digital Asset for which you subscribed to the Simple Earn Offering, unless the relevant Simple Earn Offering expressly states otherwise;
C. It is calculated daily based on the Simple Earn assets in your Simple Earn account as of 00:00 UTC, excluding all Simple Earn rewards. In other words, the rewards of a simple gain with respect to a locked simple gain are not doubled;
Dr.. It will be calculated by reference to the locked Simple Rewards rate applicable at 00:00 UTC on the day on which the Simple Rewards accrue;
H. They will be distributed to your spot account, at the pre-determined locked distribution frequency of the relevant locked simple profit offer;
F. It is rounded to a number of decimal places determined by Binance in its sole discretion and which may vary depending on the digital asset.
The rate of locked Mini Rewards may vary from time to time as determined by Binance in its sole discretion. Any change in the locked simple reward rate will take effect as of the time and date specified by Binance, and in the absence thereof, the change will take effect at 00:00 UTC on the day Binance announces the change in the locked simple reward rate. an average.
For certain Digital Assets, Binance may from time to time at its discretion offer a “Locked Simple Earn” fixed rate for Locked Simple Earn rewards (“Fixed Rate Offer”). If you subscribe to a fixed rate offer, the locked simple rewards rate will remain the same for the duration of the locked simple earn. For the avoidance of doubt, any alternative prices that Binance may provide from time to time in connection with fixed price offerings for the same Digital Assets will not apply to or in any way affect any existing subscriptions to the fixed price offering. Instead, these alternative prices will only apply to any new fixed price offer you choose to subscribe to. You'll be able to see if a locked simple profit offer has a variable price or is a fixed price offer on the Product Rules page (available upon subscription).
I. Redemption from locked is simple gain
Binance will automatically return Simple Earn assets to your Spot account no later than 72 hours after the end of the Simple Earn locked period, unless you choose to participate in the automatic locked subscription. You are not required to request a refund of your vested simple assets at the end of the locked simple vesting term.
Binance may, in its sole discretion from time to time, allow you to early redeem all (but not just a portion) of your Simple Assets before the end of the relevant Simple Locked Earn Term. Your right to early redemption may be suspended or withdrawn at any time at Binance's sole discretion, without prior notice to you. If you redeem your Simple Earn Assets early before the Settlement Date, you (a) acknowledge and agree that you will forfeit all Simple Earn Rewards that have accrued and been distributed to you in respect of the early redeemed Simple Earn Assets and (b) you hereby authorize Binance to Deducting from the Simple Earn Assets that will be returned to your Spot Account in connection with the Early Redemption, an amount equal to any and all Simple Ear Rewards distributed to your Spot Account in respect of the Early Redemption Simple Earn Assets.
Early Redemption Simple Assets are generally expected to be returned to your Spot Account no later than 72 hours after the redemption request. However, the return of minor assets redeemed early may be delayed in exceptional circumstances, which may include but are not limited to extreme market volatility events, network outages and delays, validator or protocol failure, a large number of simultaneous instructions to redeem from other Binance users, or other unforeseen events. Please refer to the Risk Factor Statement for more information about some (but not all) of the risks that may be associated with participation in Simple Earn.
binance may, in its discretion, from time to time limit the maximum amount of Simple Earn Assets available for early redemption from Locked Simple Earn each day. Binance may also, at its discretion, change the maximum amount from time to time without prior notice to you.
J locked simple earn automatic subscription
When you subscribe to Locked Simple Earn, Binance may allow you to automatically subscribe your Locked Simple Earn Assets on each settlement date to a new Locked Simple Earn offering (“auto-locked subscription”) without requiring any further action from you. Simple Earn Bonuses generated from any previous Simple Earn offer will not be used when auto sign-up is locked.
If you choose automatic locked subscription:
a. Your Locked Simple Earn Assets on the Settlement Date of the Locked Simple Earn Term will automatically be subscribed to the new Locked Simple Earn Term, commencing on the calendar day immediately following the Settlement Date, without any further action on your part;
B. Your Simple Earn Assets will begin accruing Simple Earn Rewards starting on the first day of the new locked Simple Earn Term;
C. The duration of the new locked simple earn will be the same as the previous locked simple earn;
Dr.. The Locked Simple Rewards rate for the new Locked Simple Earn Term may differ from the Locked Simple Rewards rate that applied in the previous Locked Simple Earn Term.
You may modify your automatic locked subscription instruction at any time on or before 23:59 UTC on the day immediately preceding the settlement date of the locked simple profit period.
Binance reserves the right to refuse to act or to cease acting on your instructions for auto-locked subscription, at any time in its sole discretion and without prior notice. Binance may refuse to act or cease acting on an automatic locked subscription instruction for any reason or no reason at all, including without limitation, if the subscription limit for a simple earn locked offer has been reached.
K. Launchpool Rewards
Simple Earn assets in the form of BNB used to subscribe to Simple Earn Services may also be allocated to one or more Launchpool Offerings, as determined by Binance in its sole discretion. If your simple assets are allocated to Launchpool:
a. You will receive Rewards from participating in the Launchpool in accordance with any applicable Launchpool terms and conditions published online from time to time; And
B. You will be deemed to have agreed to any applicable Launchpool terms and conditions which are published online from time to time.
If you subscribe to a Simple Earn offering with BNB and there are multiple simultaneous Lauchpool offerings at any time during your subscription term, your Simple Earn assets will be allocated equally to each Launchpool project in which you are eligible to participate, unless otherwise stated. Binance reserves the right, at all times in its discretion and without prior notice, to determine the allocation of Simple Earn assets to Launchpool Offerings.
Notwithstanding any allocation of your Simple Earn Assets in the form of BNB to Launchpool Offerings, your Simple Earn Assets may be redeemed in accordance with these Simple Earn Terms as described above and your participation in any Launchpool Offerings will be redeemed simultaneously.
l Changes to the simple rewards earning rate
The Locked Simple Rewards rate for Locked Simple Earn Offers and Flexible Simple Earn Offers may fluctuate from time to time, including during the Locked Simple Earn Term. Binance does not represent or warrant in any way that the Simple Earn Rewards Rate applicable at the time of subscription to the Simple Earn Offer or at any time thereafter will remain fixed, whether during the Simple Earn Locked Period or otherwise. The applicable Simple Rewards rate may fluctuate up or down from time to time. You hereby acknowledge and agree that no representation, whether express or implied, regarding the potential rewards associated with the Simple Rewards Offer, applies or otherwise appears at (or after) the time of subscription (i) is an estimate based on observations of available on-chain reward rates, general market rates, as well as special rates during promotional periods and is subject to significant risks and uncertainties, (ii) is not guaranteed in any way. forms by any Binance Group entity or as an indication of future performance or rewards, (iii) is calculated based on the Simple Earn Rewards rate, which may change from time to time in Binance's sole discretion and (iv) is in no way a form of advice or A solicitation or offer for Simple Earn shall not be construed as such.
Changes to the Mini Rewards rate will be posted on the Platform from time to time. You should refer to the BINANCE website regularly. No entity in the BINANCE Group will bear any liability whatsoever for any losses arising from or in connection with changes in the Simple Bonus Rate, whether you are aware of such changes or not.
to. Preparing reports and evaluation
You can access reports on your simple assets and simple profit bonuses on the platform at any time. You'll be able to see and download reports showing the amount and value of your Simple Earn assets, as well as any Simple Earn Rewards signups, redemptions, and distributions. The valuation of your simple assets offered on the platform is based on the current spot price on the platform.
M. DISPUTES, GOVERNING LAW, JURISDICTION AND ARBITRATION
For the avoidance of doubt, the Claims Regarding Terms, Notice of Claim, and Agreement to Arbitrate; Governing law; The class action waiver of these Terms of Use applies to any disputes or claims relating to, arising out of or in connection with these Simple Earn Terms, including your agreement to these Simple Earn Terms. Definitions
Unless otherwise specified, capitalized words used in these Simple Earn Terms shall have the same meaning given to them in the Terms of Use. The rules of interpretation set forth in these Terms of Use apply to these Simple Earn Terms, except that references to terms are terms in these Simple Earn Terms, unless otherwise stated.
Binance Group Entities means Binance and each Binance affiliate.
bNB means the digital asset with the ticker “BNB” and variously referred to as “BNB Coin” or “Build’n’Build”.
Bonus criteria means any criteria that Binance may require you to meet, in its discretion, in order to be eligible for additional tier rewards.
Bonus Terms means all terms and conditions applicable to Tier Bonuses, as disclosed on the Platform, including without limitation, the bonus criteria, any limitations on the amount of Tier Bonuses that may be distributed to you, and the maximum amount of Simple Bonuses Earning Qualifying Assets To accrue Tiered Bonuses or the period over which the Tiered Bonus will accrue Tiered Bonus has the meaning given to it in Clause 19.
Tiered Rewards Rate means the annual percentage rate at which Tiered Rewards are earned, as determined by Binance in its sole discretion from time to time.
Early redemption means redeeming your Simple Earn Assets from the locked Simple Earn Offer prior to the settlement date.
Eligible Simple Digital Assets means Digital Assets that Binance determines from time to time in its sole discretion to be Assets and for which Binance may in its discretion allow you to auto-flexibly subscribe from time to time.
Fixed Price Offer has the meaning given to it in Clause 32.
Automatic Flexible Subscription has the meaning given in Clause 26.
Flexible Simple Profit Offering or Flexible Simple Profit Offering means a Simple Profit Offering with the features described in Section E.
Launchpool Rewards means Digital Assets or any other related rewards, which are distributed in accordance with the Launchpool Terms.
Launchpool Terms means the terms and details of the Launchpool Offer as published on the Binance Website.
Loan means the cryptocurrency lending platform offered by Binance or any entity in the Binance Group, allowing Users to use their Digital Assets as collateral to borrow other Digital Assets for a pre-determined term.
Automatic Locked Subscription has the meaning given to it in Section 36.
Locked Distribution Frequency means the time or frequency at which Simple Earn Rewards will be distributed in respect of a locked Simple Earn Offer on your Spot Account.
Locked Simple Profit Offer or Locked Simple Profit Offer means a Simple Profit Offer with the features described in Section H.
Locked Simple Earn Rewards Rate means the Simple Earn Reward Rate for the Digital Assets participating in the Locked Simple Earn Program.
The term Locked Simple Earn means the pre-determined period during which your Simple Earn Assets must be subscribed to and maintained in the Locked Simple Earn Offering and not redeemed, in order for you to be entitled to Simple Earn Rewards in relation to the Simple Earn Rewards Offer.
Margin means the margin facility provided by Binance or any entity in the Binance Group, allowing users to borrow digital assets from the platform by leveraging their existing digital holdings as collateral.
Product Rules Page means the Product Rules information relating to the Simple Earn Services, which is provided to you during the sign-up process.
Real Time Bonuses has the meaning given to it in Clause 16.
Real Time Rewards Rate means the Annual Percentage Rate at which you will receive Real Time Rewards in respect of the Simple Earning Assets subscribed to the Flexible Simple Earning Offer.
Redemption means terminating your participation in the Simple Earn Offering in respect of all or part of your Simple Earn Assets, by requesting the return of such Simple Earn Assets in accordance with these Simple Earn Terms and the terms of the relevant Simple Earn Offering, and “Redemption” shall be construed accordingly.
and then
as
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Settlement date means the last day of the locked simple profit period.
Simple Earn Account means a Binance Account that records Simple Earn Assets held in your Balance.
Simple Earn Assets means the digital assets you use to subscribe to the Simple Earn Offering.
Simple Earn Rewards means Digital Assets that will be earned and distributed to you, as consideration for providing your Simple Earn Assets to Binance.
Simple Rewards Rate means the Annual Percentage Rate at which you earn Simple Earn Rewards, including the Real Time Rewards Rate, the Tiered Bonus Rewards Rate (if applicable) or the Simple Earn Rewards Locked Rate, as applicable.
Simple Earning Services has the meaning given to it in Clause 2.
Simple Earn Offer means an offer by Binance to pay Simple Earn Rewards in exchange for providing Binance with Simple Earn Assets, in accordance with these Simple Earn Terms.
Instant Account means the Binance Account you use for Instant Transactions.
Subscription means accepting and subscribing to the Digital Assets in the Simple Profit Offer, and “Subscription” shall be construed accordingly.
Subscription Limits means the maximum amount of Simple Earn Assets that can be used to subscribe to the Simple Earn Offering, as determined by Binance in its sole discretion, from time to time.
