This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn has launched AMB on Locked Products. Complete subscriptions to AMB Locked Products from 2022-11-18 at 12:00 (UTC) to earn multiple rewards.
Promotion 1: Deposit & Subscribe to AMB Locked Products to Enjoy Up to 39.57% APR
Promotion Period: 2022-11-18 12:00 (UTC) to 2022-11-28 11:59 (UTC)
- Subscription Format: First-come, first-served basis.
- Reward Calculation Period: From 00:00 (UTC) on the day after you complete your subscription to Locked Products, until the end of the subscription period.
- Reward Payout Time: On a daily basis.
Digital Assets | Duration | APR During the Promotion Period | Standard Annualized Interest Rate | Min. Locked Products Subscription Limit Per User | Max. Locked Products Subscription Limit Per User |
AMB | 30 days | 11.8% | 11.8% | 1 AMB | 5,000 AMB |
AMB | 60 days | 13.94% | 13.94% | 1 AMB | 10,000 AMB |
AMB | 120 days | 39.57% | 21.79% | 1 AMB | 30,000 AMB |
Please note:
- The additional APR is only available during the promotion period, and it will be adjusted to the standard annualized interest rate once the promotion ends.
- Binance Simple Earn will return digital assets/digital currencies to users’ spot wallets 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 Locked Products assets by going to Wallets > Earn > Simple Earn > Locked.
- Users can enable the “Auto-Subscribe” function before completing subscriptions to Locked Products, which will automatically renew your existing Locked Products position into a new position of the same duration upon expiry.
- Unlock period for Locked Products: One day.
- Locked Products FAQ.
- About early redemption: Users can choose to redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Promotion 2: Buy & Subscribe to AMB Locked Products to Each Receive $30 in AMB
Promotion Period: 2022-11-18 12:00 (UTC) to 2022-11-28 11:59 (UTC)
During the promotion period, users who fulfill the following requirements will be eligible to participate in this promotion:
- Attain a net purchase amount of 2,000 AMB or more (where net purchase amount means the total amount of AMB purchased on Binance Spot less the amount of AMB sold on Binance Spot).
- Participate in 30, 60, or 120 days of AMB Locked Products.
For this promotion, 500 users will be selected from all eligible participants based on the Award Selection Rules Based on BNB Beacon Chain Hash Value to each receive $30 in AMB tokens.
Promotion 3: New Locked Products Users to Share $40,000 in AMB
Promotion Period: 2022-11-18 12:00 (UTC) to 2022-11-28 11:59 (UTC)
During the promotion period, the first 2,000 users who have not participated in Binance Simple Earn Locked Products before the start of the promotion period and subscribe to a minimum of 1,000 AMB in AMB Locked Products, will be eligible to share the $40,000 in AMB rewards according to the reward structure below.
Reward Structure:
Sort by AMB Locked Products Subscription Time | Reward per Eligible User |
1st - 100th Places | $150 in AMB |
101st - 200th Places | $50 in AMB |
201st - 300th Places | $40 in AMB |
301st - 400th Places | $30 in AMB |
401st - 500th Places | $15 in AMB |
501st - 1,000th Places | $11 in AMB |
1,001st - 2,000th Places | $6 in AMB |
Terms and Conditions:
- Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
- The AMB rewards for Promotions 2 and 3 will be allocated to recipients’ Binance Wallets within three weeks after the activity ends. Users can see their rewards by selecting the Account > Wallet > Transaction History > Distribution.
- Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
- Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
- Additional promotion terms and conditions can be accessed here.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2022-11-18
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. 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. Binance will return digital assets to users’ spot account after the agreed period ends or upon early redemption. Binance does not guarantee that you will receive any specific reward, or any return over time. Not financial advice. For more information, see our Terms of Use and Risk Warning.