This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is excited to launch two new promotions for GAL on Locked Products! Complete subscriptions to GAL on Simple Earn Locked Products from 2023-08-08 at 12:00 (UTC) to receive exclusive APR rewards daily and get 10 GAL in token voucher from the promotions!
Promotion 1: Deposit & Subscribe to GAL Locked Products to Enjoy Exclusive APR Rewards
Promotion Period: 2023-08-08 12:00 (UTC) to 2023-08-18 11:59 (UTC)
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Reward Calculation Period: From 00:00 (UTC) on the day after completing subscription to Locked Products, until the end of the subscription period.
Reward Payout Time: On a daily basis.
Offered Products (Locked Products)
Promotion 2: Subscribe to GAL Locked Products to Receive 10 GAL in Token Vouchers
Promotion Period: 2023-08-08 12:00 (UTC) to 2023-08-31 00:00 (UTC)
During the Promotion Period, users who fulfill the following requirements will be eligible to participate in this promotion:
All eligible users will be ranked by their net GAL Locked Products subscription amount (where net GAL Locked Products subscription amount means the total amount of GAL subscribed on GAL Locked Products less the amount of GAL redeemed from GAL Locked Products) during the Promotion Period. The top 500 eligible users will each receive a 10 GAL token voucher.
Terms and Conditions:
Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products 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 their existing Locked Products position into a new position of the same duration upon expiry.
Redemption time for Locked Products subscriptions: One day.
Locked Products FAQ.
About early redemption for Locked Products subscriptions: Users can choose to redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Promotion 1:
Promotion 2:
The GAL rewards for Promotion 2 will be allocated in token vouchers to eligible users within three weeks after Promotion 2 ends. Users will be able to login and redeem their voucher rewards via Profile > Rewards Hub.
All the distributed token vouchers will expire within 14 days after distribution. Eligible users should claim their voucher rewards before the expiration date. Learn how to redeem a token voucher.
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
2023-08-08
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: 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. 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.
