This is a general announcement. Products and services referred to here may not be available in your region.
Reminder: Click the [Register Now] button on the activity page to be eligible for rewards
Binance P2P and Binance Simple Earn are excited to launch two promotions to reward our community! Users who are new to Binance P2P and Simple Earn Products can participate in these promotions and get up to 175 TUSD in Locked Trial Fund vouchers each.
Promotion Period: 2023-06-15 10:00 (UTC) to 2023-07-06 10:00 (UTC)
Promotion A: Complete Your First Trade on P2P to Get Up to 155 TUSD in Locked Trial Fund Voucher (Takers Only)
This promotion is only open to takers who have not completed a transaction on Binance P2P before 2023-06-15 10:00 (UTC).
During the Promotion Period, the first 2,600 eligible users who confirm their participation and complete their first P2P trade of at least 50 TUSD using any fiat currency, can each receive a 5 TUSD Locked Trial Fund voucher and enjoy 10% in APR rewards.
In addition, a separate prize pool worth 12,000 TUSD in Locked Trial Fund vouchers is available to all eligible users who reach the following taker trading volume requirements on TUSD trading pairs at Binance P2P during the Promotion Period, as per the table below.
Please note:
For the 12,000 TUSD Locked Trial Fund voucher prize pool, rewards of each tier will be distributed to a limited number of eligible users on a first-come, first served basis, as shown in the table below. Please note that users may receive rewards from a lower tier, if all rewards for the tier corresponding to their taker trading volume on TUSD trading pairs at Binance P2P during the Promotion Period have been fully distributed.
Each eligible participant will qualify to receive a maximum of one 5 TUSD Locked Trial Fund voucher, as well as one Locked Trial Fund voucher from the 12,000 TUSD Locked Trial Fund voucher prize pool.
Reward Structure:
Promotion B: Subscribe to TUSD Flexible Products to Receive Up to 20 TUSD in Locked Trial Fund Voucher
This promotion is only open to new users who have never subscribed to Binance Simple Earn before 2023-06-15 10:00 (UTC).
During the Promotion Period, users who confirm their participation for the promotion and subscribe at least 50 TUSD to TUSD Flexible Products will be ranked by their total TUSD Flexible Products subscription amount during the Promotion Period. The top 2,000 users will qualify to receive up to 20 TUSD in Locked Trial Fund voucher and enjoy 10% in APR rewards, according to the rewards structure below.
Rewards Structure:
Notes:
A 150-day TUSD Locked Products position will be created for eligible users once TUSD Locked Trial Fund voucher(s) are redeemed. This entitles users to enjoy 10% in APR rewards, which will be distributed to their Spot Wallets daily.
Upon expiry of the Locked Products position created with the TUSD Locked Trial Fund, Binance Simple Earn will transfer the principal amount of the Fund to Simple Earn Flexible Products.
For More Information:
Terms & Conditions:
Users must click [Register Now] on the activity page to successfully participate in these Promotions.
Both Promotions A and B are subject to the Terms & Conditions for Prize Promotions.
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Rewards from Promotions A and B are not mutually exclusive. Users are eligible to participate and receive rewards from both promotions.
Promotion A:
Promotion A is only applicable to takers who have not traded on Binance P2P prior to 2023-06-15 10:00 (UTC).
Taker: When you place an order on Binance P2P that trades immediately before going on the order book, you are a taker. These trades are “taking” volume off the order book, and are therefore taker trades.
Only trades on TUSD trading pairs that are completed at Binance P2P will count toward the user trading volume requirements in Promotion A.
Each eligible user may receive a maximum of one 5 TUSD Locked Trial Fund voucher and one additional Locked Trial Fund voucher from the 12,000 TUSD Locked Trial Fund voucher rewards pool in Promotion A.
Locked Trial Fund vouchers may not be available in the regions of a few qualified winners. Such users will receive their rewards in the form of a TUSD token voucher instead, and will not be entitled to daily APR rewards.
Promotion B:
Promotion B is only applicable to users who are subscribing to Binance Simple Earn for the first time during the Promotion Period.
Each eligible user is limited to one TUSD Locked Trial Fund voucher from Promotion B.
All Locked Trial Fund and token voucher rewards will be distributed within three weeks after the Promotions end, where applicable. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.
Once distributed, winners will have 14 days to redeem their voucher rewards. Eligible users should claim their voucher rewards before the expiration date.
A 150-day TUSD Locked Products position will be created for eligible users once TUSD Locked Trial Fund voucher rewards from Promotion A and/or B are redeemed. This entitles users to enjoy 10% in APR rewards.
Upon expiry of the Locked Products position created with the TUSD Locked Trial Fund, Binance Simple Earn will transfer the principal amount of the Fund to Simple Earn Flexible Products.
For more information on Locked Trial Fund vouchers, please refer to the FAQ.
Sub-accounts’ trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.
Binance reserves the right to disqualify user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).
Binance reserves the right to determine and/or amend or vary these Terms & Conditions, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done if it is justified due to important reasons, namely applicable:
Changes in applicable regulations or policies;
Obligations arising out of law or decisions issued by common courts or public administration;
Anti-money laundering or combating financing terrorism rules;
Technical issues beyond our control;
Necessity to protect users from potential losses;
Necessity to protect Binance from the loss of reputation;
Extraordinary events or circumstances beyond our control (force majeure).
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets you buy or sell on the Binance P2P platform, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. By using the Binance P2P platform you trade digital assets directly with other users. Binance facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties. The trading amount, price and conditions of each advertisement are set by the user publishing it. All payments are final upon completion, unless otherwise required by law. Binance has neither the right nor the obligation to resolve any disputes arising from a completed payment. Binance is not liable for any loss you incur in connection with a completed payment. For Simple Earn, APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
