This announcement is general in nature. The products and services mentioned herein may not be available in your area.

Halo Binancian,

Binance Earn is pleased to launch a promotion for ETH Staking. Stake ETH now to earn multiple rewards:

  • Part of the airdrop reward of 99,120 SEI;

  • Earn dynamic APR rewards* of around 3% by Staking ETH.

Notes:

  • *Dynamic APRs are published here and may change from time to time.

Promotion Period: 06-20-2024 at 07.00 WIB until 07-08-2024 at 06.59 WIB

How to Participate:

During the promotional period, users who meet the following requirements are eligible to participate:

All eligible users will be ranked based on their total amount of ETH Staking during the Promotion Period. The top 500 users will be eligible to share the rewards listed in the table below. 

Reward Structure:

Rank based on the amount of ETH Staked During the Promotion Period (in the form of WBETH) 

Rewards per Eligible User 

1st - 10th place

1,200 SEK

11th - 20th place

920 SE

21st - 30th place

840 SE

31st - 40th place

750 SE

41st - 50th place

502 SEI

51st - 100th place

220 SE

101st - 300th place

140 SE

301st - 500th place

90 SE

Please note: 

  • Amount of ETH Staking (in the form of WBETH) = Total amount of WBETH received from Staking ETH - Total amount of WBETH redeemed for ETH - Total amount of WBETH sold on the spot market 

  • Users who redeem old WBETH positions created before the promotion only to recreate the same positions during the Promotion Period will have an ETH Staking amount equal to zero.

  • Case Study 1: 

    • User A has an ETH Staking position of 10 ETH and receives 9,658 WBETH (based on conversion ratio) before the promotion start date. Then, User A decides to redeem 9,658 WBETH to ETH, participates in the promotion, and then stakes 10 ETH, thus receiving 9,658 WBETH during the Promotion Period.

    • User A's Total ETH Staking (in WBETH form): 9,658 WBETH - 9,658 WBETH = 0 

  • Case Study 2:

    • User B had 10 WBETH before the promotion started. User B then participates in the promotion and stakes an additional 5 ETH, thereby receiving 4.80 WBETH (based on conversion ratio) during the Promotion Period.

    • Total ETH Staking of User B (in the form of WBETH): 4,80 WBETH.

  • Case Study 3:

    • User C took part in this promotion and staked 10 ETH and received 9,658 WBETH (based on conversion ratio). Then, User C decides to sell 9,658 WBETH during the Promotion Period. 

    • Total ETH Staking of User C (in WBETH form): 9,658 WBETH - 9,658 WBETH = 0.

  • Each user's ETH Staking amount will be calculated based on the amount of WBETH during the Promotion Period. 

  • Direct purchase of WBETH from the spot trading pair WBETH/ETH will not be included in the calculation of the user's ETH Staking amount during the Promotion Period.  

Enter the Promotion Now!

Tentang Staking ETH:

  • ETH Staking allows users to stake Ethereum tokens (ETH) to support Ethereum network operations. By staking ETH on Binance, users contribute to the security and efficiency of the network, and will receive WBETH tokens in return (i.e., a token representation of the ETH that goes into staking and rewards). 

Terms and conditions:

  • Only users who complete identity verification and confirm their participation during the Promotion Period may be eligible for rewards in this Promotion. 

  • Binance reserves the right to adjust the APR at any time without prior notice. Please read Binance ETH Staking Terms and Conditions before using ETH Staking. 

  • Users can also view the FAQ on Staking ETH for more information.

  • Each sub-account will not be considered an independent account when participating in this Promotion. Sub-account subscription amounts will be combined with the main account's standard subscription amounts.

  • SEI token rewards will be sent via airdrop to eligible users on 08-11-2024 at 06.59 WIB, unless Binance advises otherwise. Users can view their rewards via Profile > Assets > Spot Wallet. 

  • Users can view their ETH staking assets by going to Wallet > Earn.

  • Redemption period for staking ETH (WBETH): Six days.

  • Binance reserves the right to disqualify participants who act fraudulently or do not comply with the applicable terms and conditions based on reasonable considerations.

  • Binance reserves the right to cancel or change the Promotion or Promotion Rules at its sole discretion.

  • Additional promotional terms and conditions can be accessed here.

  • There may be differences between the translated version and the original English version of this article. Please reference this original version for the most current and accurate information should any discrepancies arise.

Thank you for your support!

Tim Binance

20-06-2024